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Zurich Insurance Group AG (ZURVY)
OTHER OTC:ZURVY
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Zurich Insurance Group AG
(OTC:ZURVY)
Rating:78Outperform
Price Target:
$41.00
▲(13.51% Upside)
Zurich Insurance Group AG (ZURVY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$102.18B
Dividend Yield4.68%
Average Volume (3M)19.93K
Price to Earnings (P/E)17.8
Beta (1Y)0.33
Revenue Growth-4.73%
EPS Growth21.55%
CountryUS
Employees60,000
SectorFinancial
Sector Strength72
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)1.14
Shares Outstanding2,927,115,000
10 Day Avg. Volume16,333
30 Day Avg. Volume19,935
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.15
Enterprise Value/Revenue1.57
Enterprise Value/Gross Profit3.52
Enterprise Value/Ebitda2.29
Forecast
1Y Price Target
$41.00Price Target Upside13.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Zurich Insurance Group AG Business Overview & Revenue Model
Company DescriptionZurich Insurance Group AG, together with its subsidiaries, provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. The company operates through Property & Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses segments. It offers car, home, travel, general liability, life and critical illness, worker injury, and other insurance products; and saving and investment, and pension and retirement planning products. The company also provides property, casualty, management or professional liability, trade credit, political risk, marine, cyber risk, and financial institution insurance products. In addition, it offers employee benefit insurance products; reinsurance services; and non-claims and ancillary services to the farmers' exchanges. It serves individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The company sells its products through agents, brokers, and bank distribution channels. Zurich Insurance Group AG was founded in 1872 and is based in Zurich, Switzerland.
How the Company Makes MoneyZurich Insurance Group generates revenue primarily through its insurance premium collections across its various lines of business. The company earns premiums from its property and casualty insurance, which includes coverage for businesses and individuals against risks such as accidents, natural disasters, and liability claims. In the life insurance segment, Zurich makes money through the sale of life insurance products and annuities, which provide long-term financial security and investment options for policyholders. Additionally, the company invests the premiums it collects in various financial markets, generating investment income. Key partnerships with brokers, agents, and corporate clients also enhance revenue opportunities, as they expand Zurich's market reach and distribution channels. Furthermore, the company may benefit from reinsurance agreements and strategic alliances that help manage risk and optimize its underwriting performance.
Zurich Insurance Group AG Earnings Call Summary
Earnings Call Date:Aug 07, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Feb 05, 2026
Earnings Call Sentiment Positive
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.Q2-2025 Updates
Positive Updates
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.
Negative Updates
Challenge in Liability Market
The liability market, despite strong rate increases, is still not profitable enough, necessitating disciplined underwriting.
Expense Ratio Concerns
An increase in the expense ratio was noted, partly due to the inclusion of Travel Guard expenses and investments in commercial underwriting capabilities.
Pressure in US Programs
The U.S. programs within the middle market were highlighted as areas of focus for profitability improvement, affecting growth.
Brazilian Sales Impact
Sales in Brazil were down due to a transition at Santander, impacting growth in protection, though it is expected to recover in the second half.
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.Zurich Insurance Group AG Financial Statement Overview
Summary
Zurich Insurance Group AG demonstrates solid financial performance with strong income growth, moderate leverage, and robust cash flow generation. The company's revenue and net profit have improved, while maintaining liquidity and effective debt management, positioning it well within the industry.Income Statement
Zurich Insurance Group AG shows a robust income statement with a notable net profit margin of 7.48% in 2024, up from 5.83% in 2023, indicating improved profitability. The revenue growth rate from 2023 to 2024 is 4.09%, demonstrating steady top-line growth. However, the EBIT margin is not available for 2024, but the EBITDA margin is strong at 12.62%. The company exhibits consistent revenue and profit growth, which enhances its stability and profitability in the insurance industry.85
Very Positive
Balance Sheet
The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.57, indicating moderate leverage and manageable debt levels. The equity ratio is 7.11%, showing a lower reliance on equity financing. Return on equity improved to 22.83% in 2024 from 17.50% in 2023, highlighting effective use of shareholder funds. While equity levels are relatively low, the company maintains sufficient liquidity with substantial cash reserves.78
Positive
Cash Flow
The cash flow statement demonstrates strong free cash flow growth of 4.41% from 2023 to 2024, reflecting efficient capital management. The operating cash flow to net income ratio is 1.31, indicating good cash conversion from profits. The free cash flow to net income ratio stands at 1.24, underscoring the company's ability to generate cash beyond its earnings. Overall, cash flows are healthy, supporting Zurich Insurance's operations and strategic initiatives.80
Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 77.75B | 74.69B | 41.42B | 70.06B | 58.62B |
| Gross Profit | 77.75B | 69.96B | 41.42B | 70.06B | 58.62B |
| EBITDA | 9.82B | 6.83B | 7.28B | 5.60B | 4.22B |
| Net Income | 5.81B | 4.35B | 3.96B | 5.20B | 3.83B |
Balance Sheet | |||||
| Total Assets | 358.00B | 361.38B | 377.78B | 435.83B | 439.30B |
| Cash, Cash Equivalents and Short-Term Investments | 112.65B | 100.25B | 114.43B | 160.61B | 26.01B |
| Total Debt | 14.43B | 15.46B | 15.67B | 16.99B | 15.86B |
| Total Liabilities | 331.07B | 335.10B | 349.87B | 396.66B | 399.45B |
| Stockholders Equity | 25.47B | 24.86B | 26.63B | 37.88B | 38.28B |
Cash Flow | |||||
| Free Cash Flow | 7.23B | 6.93B | 4.51B | 2.59B | 5.15B |
| Operating Cash Flow | 7.60B | 7.34B | 5.08B | 3.17B | 5.70B |
| Investing Cash Flow | -1.40B | -1.13B | -691.00M | -2.89B | -496.00M |
| Financing Cash Flow | -6.37B | -7.00B | -5.27B | -2.29B | -2.67B |
Zurich Insurance Group AG Technical Analysis
Positive
36.12
Price Trends
35.12
Positive
34.80
Positive
32.65
Positive
Market Momentum
0.49
Negative
52.83
Neutral
51.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ZURVY, the sentiment is Positive. The current price of 36.12 is above the 20-day moving average (MA) of 35.84, above the 50-day MA of 35.12, and above the 200-day MA of 32.65, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 52.83 is Neutral, neither overbought nor oversold. The STOCH value of 51.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ZURVY.
Zurich Insurance Group AG Peers Comparison
Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $37.35B | 12.02 | 19.55% | 1.53% | 7.67% | 15.99% | |
79 Outperform | $34.29B | 9.49 | 17.09% | ― | 23.79% | -32.09% | |
78 Outperform | $102.18B | 17.81 | 24.12% | 4.68% | -4.73% | 21.55% | |
73 Outperform | $17.94B | 16.17 | 10.16% | 3.66% | -3.34% | -3.32% | |
70 Outperform | $45.87B | 15.45 | 7.61% | 2.01% | -33.87% | -5.72% | |
69 Neutral | $12.25B | 8.80 | 14.42% | 5.08% | -6.19% | ― | |
68 Neutral | $17.82B | 11.90 | 10.30% | 3.72% | 9.69% | 0.80% |
* Financial Sector Average
Performance Comparison
ZURVY
Zurich Insurance Group AG
36.12
8.00
28.45%
AEG
Aegon
7.81
2.01
34.66%
AIG
American International Group
82.21
7.68
10.30%
ACGL
Arch Capital Group
91.71
-15.56
-14.51%
HIG
Hartford Financial
133.07
18.84
16.49%
PFG
Principal Financial
80.84
3.01
3.87%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.