| Tue 26 Jan 2010, 15:28 | | ZSA - Zurich - Trading Statement Update |
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ZSA
ZSA
ZSA - Zurich - Trading Statement Update
Zurich Insurance Company South Africa Limited
(Incorporated in the Republic of South Africa)
Registration number 1965/006764/06
ISIN: ZAE000094496
JSE Code: ZSA
("Zurich" or "the Company")
TRADING STATEMENT UPDATE
Further to the trading statement released on SENS on 15 December 2009,
shareholders are advised that the Company is currently finalising its results
for the year ended 31 December 2009, which should be released on SENS on or
about 25 February 2010.
In this regard, shareholders are advised that, in line with market conditions,
underwriting results had deteriorated further compared to the prior year. In
addition, the Company incurred a number of significant non-recurring losses
unrelated to its normal underwriting activity.
As a result of the above, the earnings per share ("EPS") is anticipated to be a
loss in the range of -1,303 cents to -1,642 cents per share (2008: EPS of 1,728
cents) and the headline earnings per share ("HEPS") a loss in the range of -
2,032 cents to -2,264 cents per share (2008: HEPS of 1,161 cents).
The forecast financial information on which this trading statement is based has
not been reviewed and reported on by the Company`s auditors.
Johannesburg
26 January 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 26/01/2010 15:28:01 Produced by the JSE SENS Department.
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