The earnings call presented a strong positive performance for Zurich, with record operating profits and ROE, alongside robust financial resilience. While there are some challenges, particularly in the liability market and expenses, the overall sentiment remains optimistic with significant growth in key areas.

Company Guidance -

Q4 2025

In the first half of 2025, Zurich Insurance Group reported a record-breaking group business operating profit of USD 4.2 billion, marking a 6% increase year-on-year, and a highest-ever core return on equity (ROE) of 26.3%, reflecting a 15 percentage point rise. The company's financial resilience was highlighted by a Swiss Solvency Test (SST) ratio of 255% as of June, along with robust cash conversion capabilities. In the Property & Casualty segment, an all-time high business operating profit (BOP) of USD 2.4 billion was achieved, up 9% year-over-year, with the combined ratio improving by 1.2 percentage points to 92.4%. The Life segment sustained a BOP of USD 1 billion, a 4% underlying increase, with gross written premiums rising 14% and new business premiums up 20%. Meanwhile, Farmers reported its strongest half-year performance with a BOP increase of 4% to USD 1.2 billion and a combined ratio of 90.5%. Looking ahead, Zurich aims for a compounded annual growth rate of over 9% in core EPS from a 2024 baseline and a core ROE exceeding 23%, with cumulative cash remittances projected to surpass USD 19 billion by 2027.

Record Operating Profit

Group business operating profit reached a record USD 4.2 billion, up 6% year-on-year, demonstrating the strength of Zurich's diversified portfolio.

Highest Ever Core ROE

Core return on equity (ROE) climbed to 26.3%, a 15 percentage point increase, indicating ongoing optimization of capital allocation.

Strong Financial Resilience

Zurich's financial resilience is underpinned by an SST ratio of 255% and high cash conversion, ensuring durable returns for investors.

Property & Casualty Success

Property & Casualty achieved an all-time high BOP of USD 2.4 billion, up 9% year-over-year, with a combined ratio improvement to 92.4%.

Life Division Growth

Life division sustained last year's record BOP of $1 billion, with gross written premiums up 14% and new business premiums up 20%.

Farmers' Best Half Year

Farmers delivered its strongest half year ever, with BOP up 4% to USD 1.2 billion, and the Farmers Exchanges returned to policy count growth in Q2.

Zurich Insurance Group (DE:ZFIN) 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

Daily Earnings Calendar >

DE:ZFIN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 05, 2026	2025 (Q4)	18.48 / -	16.753	―	―	―
Aug 07, 2025	2025 (Q2)	18.24 / 19.54	15.902	22.89% (+3.64)
Feb 20, 2025	2024 (Q4)	15.42 / 16.75	11.69	43.31% (+5.06)
Aug 08, 2024	2024 (Q2)	15.82 / 15.90	14.578	9.08% (+1.32)
Feb 22, 2024	2023 (Q4)	15.72 / 11.69	13.908	-15.95% (-2.22)
Aug 10, 2023	2023 (Q2)	19.99 / 14.58	12.729	14.52% (+1.85)
Feb 09, 2023	2022 (Q4)	13.86 / 13.91	17.112	-18.73% (-3.20)
Aug 11, 2022	2022 (Q2)	15.14 / 12.73	12.36	2.99% (+0.37)	―	―
Feb 10, 2022	2021 (Q4)	- / 17.11	14.004	22.19% (+3.11)	―	―
Aug 12, 2021	2021 (Q2)	10.51 / 12.36	7.208	71.46% (+5.15)	―	―

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:ZFIN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	€614.20	€615.00	+0.13%
Feb 20, 2025	€275.30	€275.30	0.00%
Aug 08, 2024	€275.30	€275.30	0.00%
Feb 22, 2024	€251.11	€251.11	0.00%

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 Group (DE:ZFIN) report earnings?

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

What is Zurich Insurance Group (DE:ZFIN) earnings time?

Zurich Insurance Group (DE:ZFIN) 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 Group stock?

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

What is DE:ZFIN EPS forecast?

DE:ZFIN EPS forecast for the fiscal quarter 2025 (Q4) is 18.48.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing