0742 GMT - Zurich Insurance's first-quarter result was relatively underwhelming and is unlikely to lift shares, Morgan Stanley says in a research note. The Swiss insurer posted 5% growth in its property and casualty gross written premiums, in line with its annual guidance. However, some underlying trends surprised a little, with its North America premiums only edging up 1% despite a 6% rate change, analysts Hadley Cohen and Daniel Wilson-Omordia write. "This should be viewed as strong cycle management, which is clearly a good thing, but the key question will be how we should think about the profitability outlook from here," they note. Shares edge down 0.7% to 589.2 Swiss francs. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 03:42 ET (07:42 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。