ZURICH INSURANCE COMPANY S A LTD - Trading statement

Trading statement

Zurich Insurance Company South Africa Limited
(Incorporated in the Republic of South Africa)
Registration number 1965/006764/06
ISIN: ZAE000094496
JSE Code: ZSA
("the Company")

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited,
companies are required to publish a trading statement as soon as
they are satisfied that a reasonable degree of certainty exists
that the financial results for the period to be reported on will
differ by 20% or more from the financial results of the previous
corresponding period.

In the prior 6 month period to 30 June 2013, the Company reported
a consolidated loss of R20 million, a loss per share of 162 cents
per share and a headline loss of 324 cents per share.

Shareholders are advised that, for the 6 month period ended 30
June 2014 the Company is expected to report a consolidated loss
of R40 million, expected loss per share of 329 cents per share
and expected headline loss of 620 cents per share.

While attritional losses have been improving compared to prior
periods, the frequency and severity of large losses, in
particular the property and marine portfolios, increased sharply,
impacting the overall result.

Shareholders are advised that the information contained herein
has not been reviewed and reported on by the Company’s
external auditors. The Company’s financial results are
expected to be released on SENS on or about 1 August 2014.

Johannesburg
11 July 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 11/07/2014 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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