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News Release November 11 , 2021 Ad hoc announcement pursuant to Art . 53 of the Listing Rules Zurich nine months update - strong momentum across all business segments ● Z ZURICH ● Property & Casualty ( P & C ) gross written premiums up 11 % on a like - for - like¹ basis with growth in both retail and commercial insurance Life new business value up 25 % on a like - for - like¹ basis driven by favorable business mix and higher APE sales Farmers Exchanges2 gross written premiums 19 % higher ( 7 % like - for - like¹ ) Continued delivery of customer - focused strategy , with approximately 1.5 million net new retail customers added , up from about 600,000 in the first half Capital position very strong with Swiss Solvency Test ratio estimated at 203 % ³ as of September 30 , 2021 Nine - month performance and market trends confirm confidence in achieving 2022 targets " The Group has continued to make strong progress toward achieving its 2022 strategic and financial goals , " said Group Chief Financial Officer George Quinn . " P & C gross written premiums continue to benefit from the improvement in the pricing environment . Recent claims events are likely to extend the hard market , with the gap between rate increases and loss cost inflation likely to persist for longer than previously expected . Technical profitability is expected to continue to improve despite catastrophe losses which are 3 to 4 percentage points higher than the long - term average . In Life , the Group benefited from a more profitable new business mix , with increases in sales of protection and unit - linked business . Farmers Exchanges² produced strong top - line growth benefiting both from the inclusion of the MetLife business and robust like - for like¹ performance . " " These trends , including our robust customer growth and our very strong balance sheet , allow us to look forward with confidence to achieving our targets . "