Zurich Insurance reported a 6% rise in its first-half operating profit on Thursday as individuals and businesses continued to spend on insurance policies amid concerns over severe weather-related catastrophes.

Zurich Insurance Group AG posted a 6% gain in profit for the first half of the year as the insurer shook off losses from the California wildfires.

Investing.com -- Zurich Insurance Group (SIX: ZURN) on Thursday posted a record operating profit in the latest quarter, but a slowdown in premium rate increases and a miss on net income highlighted signs of moderating momentum across its operations.

Zurich Insurance reported a 6% rise in first half operating profit on Thursday as individuals and businesses continued spending on insurance policies amid concerns over severe weather-related catastrophes.

Zurich’s Life business posted an operating profit of US$1.0 billion, flat compared to the prior year’s record but reflecting 4% underlying growth when excluding a US$55 million non-recurring item from 2024. The contractual service margin exceeded US$13 billion.