Zurich expressed satisfaction with the business performance. The property and casualty insurance business continues to show strength, while the life insurance business and Farmers maintained their positive momentum, according to the results statement released on Thursday.

In the P&C segment, Zurich reported gross premiums of $36,1 billion. This represents an increase of 4 percent compared to the previous year. Insurance revenue reported under IFRS rose by 6 percent in the reporting period to $33.3 billion. On a comparable basis, the increase was 5 percent.

The life insurance division achieved a present value of new business premiums of $12,6 billion, up 4 percent from the previous year. This segment experienced continued strong growth, both in insurance revenue and new business. This was driven by the unit-linked business and particularly high sales of protection products in Japan, the United Kingdom, and Latin America, the statement further noted.

Farmers' U.S. Business Also Growing

Farmers Management Services (FMS) recorded an increase of 6 percent in underlying fee income and 4 percent in gross premiums.

The company does not typically provide profit figures for the first nine months.

«The results of the past nine months confirm the strong momentum across all business segments at Zurich,» said Claudia Cordioli, Group CFO of Zurich. «In property and casualty insurance, corporate margins are favorable, and performance in the retail business has improved. We are well on track to exceed all current targets.»

The group will present further details and the strategy for the next three years at an investor day on November 21.