Zurich Insurance's property/casualty premiums decline marginally

Posted On: May. 9, 2019 6:15 AM CST

Switzerland-based Zurich Insurance A.G.'s property/casualty premiums slipped 2% year over year to more than $9 billion in the first quarter despite prices increasing around 2%, Reuters reported. George Quinn, chief financial officer at Zurich Insurance, said that the insurer's profit declined due to currency fluctuations and the sale of its unit – Adac Autoversicherung Ag – in Germany.