A.M. Best Co. has commented on the financial strength ratings of A (Excellent) of Zurich Financial Services Group (ZFS) (Switzerland) and its core subsidiaries. The ratings, which were last affirmed on September 3, 2003, remain unchanged following the release of year-end results for 2003. The outlook remains positive.In line with A.M. Best's expectations, ZFS announced earnings of USD 2.1 billion for 2003 (an improvement of USD 4.8 billion year-on-year) and a reduced reported consolidated combined ratio for the year of 97.9% (111.4% for 2002). In spite of the divestment of the U.S. and U.K. li...
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