The new reporting rules will not affect Zurich's business activities, model or strategy. The adoption of the new standards is expected to have limited effect on earnings and revenue. Cash remittances, capital and dividends will remain unaffected. The Group's equity at transition will be impacted mainly due to recognition of unearned profits as a liability in the form of a contractual service margin for its life business, and a newly introduced risk adjustment concept.
The event presentation can be downloaded here. Presenters include
The new IFRS 17 standard intends to make the financial statements of public insurance companies more consistent, transparent and comparable.
Zurich will report under the new standards from the financial year 2023, starting with the update for the first three months of the year, published in
Further information
The education event for analysts and investors will start with a live presentation at
The live webcast can be accessed here on the day of the event.
For the Q&A live session please find below the dial-in numbers:
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