- Property & Casualty (P&C) gross written premiums up 7% on a like-for-like1 basis, with further rate acceleration in the third quarter
- Life new business value up 5% and APE sales down 6% on a like-for-like1 basis
- Continued growth at Farmers Exchanges2, with gross written premiums up 1%
- Capital position remains very strong with the Z-ECM estimated at 113%3
“We are pleased with the development of the Group year to date with continued progress against both our strategic and financial plans, including additional distribution agreements. We expect to exceed all of the targets that we set in 2016,” said Group Chief Financial Officer George Quinn.
“In P&C pricing continues to increase, supporting growth and continued improvement in the portfolio, while in the Life business we are well positioned to face the challenge of low interest rates. The Farmers Exchanges2 continue to deliver steady growth and execution against their strategy. The strong achievements of the past three years position us well for the next stage of our development, on which we will provide more information at our upcoming investor day.”
