sector: Financials ·
industry: Insurance - Property & Casualty ·
As of
8:29pm IST
219.40CHF
Zurich Financial Services AG (Zurich) is a Switzerland-based insurance-based financial services provider with operations in North America and Europe, as well as in Asia Pacific, Latin America and other markets. The Company also distributes non-insurance products, such as mutual funds, mortgages and other financial services products, from selected third-party providers. Zurich Financial Services is the holding company of the Company. Zurich operates in three segments: General Insurance, Global Life, and Farmers Management Services. On November 20, 2008, the Company completed the acquisition of the remaining 34% of Zurich Retail Insurance Company Ltd., Russia. On November 28, 2008, it acquired 87.35% of Companhia de Seguros Minas Brasil, a general insurer, and 100% of Minas Brasil Seguradora Vida e Previdencia S.A., a life insurer. During the year ended December 31, 2008, it sold its interest in Financial Lifestyle Solutions Pty Ltd.
BRIEF: For the nine months ended 30 September 2009, Zurich Financial Services' total revenue increased from $22.57M to $51.93B. Net income for the period decreased 24% to $2.16B. Total revenue reflects an increase in demand for the Company's services in the Global Life and Farmers business segments. Net income for the period was offset by higher administrative expenses. Zurich Financial Services is a Swiss insurance company providing financial services.
Zurich Financial Services AG
Mythenquai 2
Zurich 8022
P: +4144.6252525
F: +4144.6253555