While the turbulent market environment of 2007 proved challenging for some, Zurich Financial Services Group excelled, posting record results for business operating profit and net income.
The group has reported a business operating profit of US$6.6 billion for 2007, an increase of 10 per cent, and a net income of US$5.6 billion, a 22 per cent increase.
The group has been embedding corporate responsibility in all its business strategies and believes that this approach, combined with a strong balance sheet, provides it with a competitive advantage in challenging markets.
“Going forward, we will fully use this distinctive resilience — the group will continue to leverage its global capabilities to target opportunities for profitable growth, both organic and through tactical bolt-on acquisitions, by systematically expanding into new customer segments, enhancing product offerings in life and general insurance and strengthening distribution capabilities, such as the addition of new partnerships or the improved productivity and numbers of tied and independent agents,” Zurich stated when reporting its 2007 results.
