Zurich profit plummets 12% despite highest BOP in 15 years

Zurich Insurance Group’s profits declined 12% year-on-year due to losses stemming from divestment of businesses, hyperinflation charges and lower level of capital gains, despite witnessing strong double digit top line growth in its property and casualty and life businesses. In light of the developments, the company has proposed a 9% increase in the dividend per share to (Swiss Franc) CHF 24.