Zurich is very well capitalized. Our Zurich
Economic Capital Model 2 (Z-ECM) was
127 percent as of October 1, 2014. Net cash
remittances to the holding company were
USD 3.7 billion, which puts us on course to
deliver more than USD 9 billion over the
three years to 2016, even with the impact
from currency headwinds. Reflecting
the stability of our business and strong capital
position, our Board will propose a dividend
of CHF 17.00 per share. Subject to shareholder
approval at the Annual General Meeting
on April 1, 2015, the proposed 2014 dividend
would be paid from the Zurich Insurance
Group Ltd’s capital contribution reserves.