Zurich NA 2023 P&C CoR declines 1.5 points to 91.5% on lower cats, higher releases
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Zurich NA 2023 P&C CoR declines 1.5 points to 91.5% on lower cats, higher releases

Zurich NA's operating profit grew to $2.65bn in 2023 from $2bn the prior year.

By Jairo Ibarra
February 22, 2024
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Sign of Zurich Financial Services Group on buildings facade

Zurich North America’s 2023 P&C combined ratio decreased 1.5 points year-on-year to 91.5% as the insurer benefitted from lower catastrophe losses and more favorable reserve development.

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