Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/new-model-adviser/article/a658852
Zurich profits jump 9% to £186 million
by Jun Merrett on Feb 14, 2013 at 10:10
Zurich UK Life saw operating profits jump to £186 million for 2012, a 9% increase on the previous year.
The provider was boosted by a rise in the value of new business which was up 28% over the twelve months at £123 million.
‘Both retail and corporate markets are undergoing a substantial change through auto-enrolment and the retail distribution review, and we have a business model that recognises that,' he said.
'We have a very profitable and stable in-force business, are well recognised for the quality of our underwriting and are well-positioned overall in both corporate and retail markets.'
News sponsored by:
Today's top headlines
More about this article:
More from us
- Zurich winds down offshore structured product arm
- Ex-FundsNetwork boss White follows Shaughnessy to Zurich
- Zurich backs re-reg to catch rivals in the wrap race