Zurich Grows WC Premiums in 2014, but Net Income Falls 3%

Zurich Insurance Group saw its net income decline about 3% in 2014 despite premium growth in workers' compensation and other lines. The company's net income fell from $4.028 billion in 2013 to $3.895 billion in 2014, according to a Thursday press release. Its operating financial review showed that gross written premiums in its North America Commercial segment -- which includes workers' compensation coverage written in the U.S. -- fell 2% from $10.215 billion to $10.056 billion. However, according to the report, gross premiums would have risen 2% if not for a portfolio of...