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Zurich Insurance says on track to meet 2019 targets

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Zurich Insurance says on track to meet 2019 targets
FILE PHOTO: The logo of Swiss Zurich insurance is seen at an office building in Zurich, Switzerland October 2, 2018. REUTERS/Arnd Wiegmann   -   Copyright  ARND WIEGMANN(Reuters)
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ZURICH (Reuters) – Zurich Insurance <ZURN.S> is on track to achieve its financial targets for the 2017-2019 period, the Swiss insurer said in a statement on Wednesday ahead of its investor day.

“Zurich Insurance Group is fully delivering on its 2017-2019 financial targets, having restored management discipline and efficiency,” the company said.

The insurer said it will achieve net savings of $1.1 billion (866 million pounds) by the end of 2018, well in line with its end-2019 target of $1.5 billion.

(Reporting by John Revill, edited by John Miller)

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