0740 GMT - Zurich Insurance's print was broadly positive though the disclosure was limited, Keefe, Bruyette & Woods says in a research note after the Swiss group's update. "We think the non-life rating narrative and commentary about expanding margins in both commercial and personal lines is positive versus expectations," analyst William Hawkins writes. The feared deceleration in U.S. commercial property rate momentum doesn't seem to materialize, he adds. The analyst also notes better pricing but softer volume growth which can be seen as a function of further portfolio optimization. Shares have been relatively weak since November's business plan update so expectations might be low, Hawkins adds. The stock trades 0.6% lower at 589 Swiss francs. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 03:41 ET (07:41 GMT)
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