Zurich's earnings call highlighted strong overall performance with record profits and growth across segments, demonstrating financial resilience. However, challenges were noted in the liability market and certain areas of expense management, alongside some regional sales pressures.

Company Guidance

During the Zurich Half Year Results 2025 Conference Call, key financial metrics highlighted included a record group business operating profit of USD 4.2 billion, up 6% year-on-year. The core return on equity (ROE) reached a decade-high of 26.3%, a significant 15 percentage point increase. The company's financial resilience was underscored by an SST ratio of 255% at the end of June. In the Property & Casualty segment, the business operating profit (BOP) rose to USD 2.4 billion, with a combined ratio improvement of 1.2 percentage points to 92.4%. The Commercial Insurance segment saw a 90 basis point decline in the combined ratio to 90.5%. The Retail Property & Casualty segment improved its combined ratio by 2.4 percentage points to 94.1%. The specialty business generated USD 4.9 billion in gross written premiums with an 86.5% accident year combined ratio, excluding catastrophes. In the Life segment, the business operating profit remained robust at $1 billion, growing 4% year-on-year on an underlying basis, with gross written premiums up 14% and new business premiums up 20% on a like-for-like basis. The Farmers segment reported its strongest half year ever, with BOP up 4% to USD 1.2 billion, maintaining a combined ratio of 90.5% despite exposure to California wildfires. Looking forward, Zurich aims for a compounded annual growth rate over 9% in core EPS from the 2024 baseline of $40.1 per share, a core ROE exceeding 23%, and cash remittances surpassing $19 billion cumulatively by 2027.

Record Group Business Operating Profit

Zurich achieved a record business operating profit of USD 4.2 billion, up 6% year-on-year, demonstrating strong performance across all geographic and business segments.

Highest Core ROE in a Decade

The core return on equity (ROE) reached a record 26.3%, marking a 15 percentage point increase, reflecting ongoing optimization of capital allocation.

Strong Financial Resilience

An SST ratio of 255% was reported, coupled with high cash conversion, positioning Zurich to generate attractive returns for investors.

Property & Casualty Achievements

Achieved an all-time high BOP of USD 2.4 billion, up 9% year-over-year, with a combined ratio improvement of 1.2 percentage points to 92.4%.

Life Segment Growth

Life segment sustained last year's record BOP of $1 billion, growing 4% year-on-year on an underlying basis, with gross written premiums up 14% and new business premiums up 20%.

Farmers' Strong Performance

Farmers delivered its strongest half-year ever, with BOP up 4% to USD 1.2 billion and a combined ratio of 90.5%, despite challenges such as California wildfires.

Zurich Insurance Group AG (DE:ZFI1) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:ZFI1 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 05, 2026	2025 (Q4)	0.92 / -	0.836	―	―	―
Aug 07, 2025	2025 (Q2)	0.91 / 0.98	0.794	22.92% (+0.18)
Feb 20, 2025	2024 (Q4)	0.77 / 0.84	0.584	43.24% (+0.25)
Aug 08, 2024	2024 (Q2)	0.79 / 0.79	0.728	9.08% (+0.07)
Feb 22, 2024	2023 (Q4)	0.79 / 0.58	0.695	-15.95% (-0.11)
Aug 10, 2023	2023 (Q2)	1.00 / 0.73	0.635	14.59% (+0.09)
Feb 09, 2023	2022 (Q4)	0.69 / 0.69	0.854	-18.69% (-0.16)
Aug 11, 2022	2022 (Q2)	0.76 / 0.64	0.617	2.92% (+0.02)	―	―
Feb 10, 2022	2021 (Q4)	- / 0.85	0.745	14.63% (+0.11)	―	―
Aug 12, 2021	2021 (Q2)	0.52 / 0.62	0.36	71.60% (+0.26)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:ZFI1 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	€30.20	€30.40	+0.66%
Feb 20, 2025	€29.28	€28.13	-3.92%
Aug 08, 2024	€23.73	€23.06	-2.82%
Feb 22, 2024	€21.32	€22.06	+3.46%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Zurich Insurance (DE:ZFI1) report earnings?

Zurich Insurance (DE:ZFI1) is schdueled to report earning on Feb 05, 2026, Before Open (Confirmed).

What is Zurich Insurance (DE:ZFI1) earnings time?

Zurich Insurance (DE:ZFI1) earnings time is at Feb 05, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Zurich Insurance stock?

The P/E ratio of Zurich Insurance Group AG is N/A.

What is DE:ZFI1 EPS forecast?

DE:ZFI1 EPS forecast for the fiscal quarter 2025 (Q4) is 0.92.

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