See more : Ottawa Bancorp, Inc. (OTTW) Income Statement Analysis – Financial Results
Complete financial analysis of Zurich Insurance Group AG (ZURVY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Zurich Insurance Group AG, a leading company in the Insurance – Diversified industry within the Financial Services sector.
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Zurich Insurance Group AG (ZURVY)
About Zurich Insurance Group AG
Zurich 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 74.69B | 41.43B | 70.07B | 58.62B | 72.09B | 47.20B | 64.05B | 67.33B | 60.56B | 72.83B | 72.05B | 70.45B | 52.98B | 67.85B | 70.27B | 32.35B | 55.16B | 65.00B | 67.19B | 59.68B | 51.62B | 40.45B | 38.48B | 37.43B | 40.05B |
| Cost of Revenue | 51.78B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 22.91B | 41.43B | 70.07B | 58.62B | 72.09B | 47.20B | 64.05B | 67.33B | 60.56B | 72.83B | 72.05B | 70.45B | 52.98B | 67.85B | 70.27B | 32.35B | 55.16B | 65.00B | 67.19B | 59.68B | 51.62B | 40.45B | 38.48B | 37.43B | 40.05B |
| Gross Profit Ratio | 30.67% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 8.67B | 8.79B | 8.01B | 8.02B | 7.76B | 7.21B | 7.48B | 8.66B | 8.91B | 8.80B | 8.66B | 724.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.04B | 4.19B | 3.77B | 4.95B | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 595.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.99B | 0.00 | 0.00 |
| SG&A | 3.58B | 8.67B | 8.79B | 8.01B | 8.02B | 7.76B | 7.21B | 7.48B | 8.66B | 8.91B | 8.80B | 8.66B | 1.32B | 7.98B | 7.25B | 6.73B | 6.21B | 6.39B | 5.86B | 4.04B | 4.19B | 3.77B | 6.94B | 7.05B | 0.00 |
| Other Expenses | 0.00 | -43.61B | -74.11B | -63.32B | -75.37B | -49.28B | -65.48B | -68.86B | -65.18B | -75.13B | -74.03B | -72.69B | -48.48B | -69.87B | -71.87B | -35.04B | -52.24B | -63.14B | -67.13B | -59.67B | -51.72B | -46.36B | -44.15B | -32.96B | -33.86B |
| Operating Expenses | 3.58B | -34.95B | -65.32B | -55.31B | -67.35B | -41.52B | -58.27B | -61.38B | -56.52B | -66.22B | -65.22B | -64.03B | -47.16B | -61.90B | -64.62B | -28.31B | -46.03B | -56.74B | -61.27B | -55.64B | -47.54B | -42.60B | -37.22B | -32.96B | -33.86B |
| Cost & Expenses | 3.58B | 35.23B | 62.74B | 53.22B | 65.99B | 42.09B | 58.92B | 62.01B | 57.22B | 66.98B | 66.09B | 64.99B | 48.23B | 62.98B | 65.74B | 29.69B | 47.67B | 58.27B | 61.72B | 55.89B | 47.88B | 44.03B | 38.69B | 34.26B | 34.87B |
| Interest Income | 0.00 | 434.00M | 469.00M | 399.00M | 401.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 456.00M | 434.00M | 1.06B | 980.00M | 991.00M | 835.00M | 957.00M | 898.00M | 898.00M | 1.05B | 1.10B | 1.05B | 1.07B | 1.09B | 1.12B | 1.37B | 1.64B | 1.52B | 446.00M | 362.00M | 445.00M | 1.54B | 1.57B | 1.40B | 1.07B |
| Depreciation & Amortization | 879.00M | 748.00M | 823.00M | 807.00M | 936.00M | 634.00M | 565.00M | 549.00M | 1.20B | 1.01B | 1.20B | 1.09B | 996.00M | 1.09B | 892.00M | 654.00M | 515.00M | 460.00M | 447.00M | 695.00M | 793.00M | 1.67B | 894.00M | 907.00M | 540.00M |
| EBITDA | 18.75B | 7.28B | 8.62B | 6.60B | 7.43B | 6.15B | 6.10B | 6.29B | 5.23B | 7.63B | 8.02B | 7.02B | 6.12B | 7.04B | 6.89B | 3.83B | 8.39B | 7.67B | 6.22B | 4.20B | 4.88B | -1.14B | 2.16B | 5.37B | 6.73B |
| EBITDA Ratio | 25.11% | 17.58% | 7.99% | 7.19% | 7.91% | 13.95% | 10.48% | 10.00% | 8.64% | 10.47% | 11.14% | 10.65% | 12.87% | 10.37% | 9.31% | 14.50% | 17.50% | 13.41% | 9.46% | 7.94% | 9.45% | -1.17% | 5.60% | 14.36% | 16.81% |
| Operating Income | 10.96B | 6.48B | 4.75B | 3.31B | 4.73B | 5.69B | 5.78B | 5.95B | 4.03B | 6.61B | 6.83B | 6.42B | 5.82B | 5.95B | 5.65B | 4.04B | 9.14B | 8.26B | 5.91B | 4.04B | 4.09B | -2.15B | 1.26B | 4.47B | 6.19B |
| Operating Income Ratio | 14.67% | 15.64% | 6.78% | 5.64% | 6.57% | 12.04% | 9.02% | 8.84% | 6.66% | 9.08% | 9.47% | 9.11% | 10.99% | 8.77% | 8.04% | 12.48% | 16.56% | 12.70% | 8.80% | 6.77% | 7.91% | -5.31% | 3.28% | 11.93% | 15.46% |
| Total Other Income/Expenses | -4.50B | -49.51B | 7.05B | 5.40B | 6.10B | 5.11B | 5.13B | 5.33B | 3.34B | 5.90B | -57.56B | -656.00M | -580.06M | -501.00M | -556.00M | -1.44B | -553.58M | -551.88M | -395.39M | -224.27M | 3.61B | -3.50B | -215.00M | 3.15B | 5.18B |
| Income Before Tax | 6.46B | 6.20B | 7.32B | 5.40B | 6.10B | 5.11B | 5.13B | 5.32B | 3.34B | 5.84B | 5.96B | 5.46B | 4.76B | 4.87B | 4.53B | 2.66B | 7.50B | 6.73B | 5.47B | 3.79B | 3.75B | -3.58B | -215.00M | 3.17B | 5.18B |
| Income Before Tax Ratio | 8.65% | 14.96% | 10.45% | 9.20% | 8.46% | 10.83% | 8.00% | 7.90% | 5.52% | 8.02% | 8.27% | 7.75% | 8.98% | 7.17% | 6.45% | 8.23% | 13.59% | 10.36% | 8.14% | 6.34% | 7.26% | -8.84% | -0.56% | 8.47% | 12.93% |
| Income Tax Expense | 1.74B | 1.28B | 1.90B | 1.32B | 1.72B | 1.13B | 1.82B | 1.84B | 1.29B | 1.67B | 1.70B | 1.50B | 965.00M | 1.36B | 1.30B | -452.00M | 1.79B | 2.11B | 2.14B | 1.09B | 1.52B | -262.00M | 84.00M | 739.00M | 1.86B |
| Net Income | 4.35B | 3.96B | 5.20B | 3.83B | 4.15B | 3.72B | 3.00B | 3.21B | 1.84B | 3.95B | 4.03B | 3.89B | 3.75B | 3.51B | 3.98B | 3.12B | 5.80B | 4.72B | 3.33B | 2.57B | 2.01B | -3.43B | -387.00M | 2.32B | 3.26B |
| Net Income Ratio | 5.83% | 9.57% | 7.42% | 6.54% | 5.75% | 7.87% | 4.69% | 4.77% | 3.04% | 5.42% | 5.59% | 5.52% | 7.08% | 5.18% | 5.67% | 9.63% | 10.51% | 7.26% | 4.96% | 4.31% | 3.89% | -8.48% | -1.01% | 6.19% | 8.15% |
| EPS | 1.50 | 2.67 | 3.50 | 2.57 | 2.80 | 2.51 | 2.00 | 2.15 | 1.24 | 2.67 | 2.73 | 2.65 | 2.57 | 2.36 | 2.78 | 2.18 | 3.97 | 3.17 | 2.20 | 1.69 | 1.41 | -3.66 | -0.46 | 2.74 | 3.85 |
| EPS Diluted | 1.49 | 2.65 | 3.47 | 2.56 | 2.77 | 2.48 | 1.99 | 2.14 | 1.23 | 2.64 | 2.72 | 2.64 | 2.55 | 2.34 | 2.76 | 2.16 | 3.93 | 3.15 | 2.18 | 1.68 | 1.40 | -3.66 | -0.46 | 2.73 | 3.84 |
| Weighted Avg Shares Out | 2.91B | 1.48B | 1.49B | 1.49B | 1.48B | 1.48B | 1.50B | 1.49B | 1.49B | 1.48B | 1.47B | 1.47B | 1.46B | 1.45B | 1.42B | 1.38B | 1.43B | 1.44B | 1.44B | 1.44B | 1.42B | 936.45M | 835.85M | 844.95M | 846.91M |
| Weighted Avg Shares Out (Dil) | 2.93B | 1.50B | 1.50B | 1.50B | 1.50B | 1.50B | 1.51B | 1.50B | 1.49B | 1.49B | 1.48B | 1.47B | 1.47B | 1.46B | 1.43B | 1.39B | 1.44B | 1.45B | 1.45B | 1.45B | 1.43B | 936.45M | 835.85M | 849.28M | 849.78M |
Zurich: Again A Buy
Positive Q3 performance and higher targets after the capital market day presentation. RoE is set at a minimum floor of 20%, with a payout ratio confirmed at 75%.
Zurich Insurance Group AG (ZURVY) Q3 2022 Earnings Call Transcript
Zurich Insurance Group AG (OTCQX:ZURVY) Q3 2022 Earnings Conference Call November 10, 2022 7:00 AM ET Company Participants Jon Hocking - Head, Investor Relations and Rating Agency Management George Quinn - Group CFO Mario Greco - Group CEO Conference Call...
Zurich Insurance: Potential Growth Ahead
Zurich Insurance Group seems to have been under-appreciated in the current macroeconomic environment. The company has shown strong growth across the Property & Casualty segment as well as demonstrating longer-term return on equity growth.
Zurich Insurance Group AG (ZURVY) CEO Mario Greco on Q2 2022 Results - Earnings Call Transcript
Zurich Insurance Group AG (OTCQX:ZURVY) Q2 2022 Results Conference Call August 11, 2022 7:00 AM ET Company Participants Jon Hocking - Head, IR Mario Greco - Group CEO George Quinn - Group CFO Conference Call Participants Will Hardcastle - UBS...
Zurich Insurance: Looking At The Latest News
Zurich negotiates with Cinven to sell life insurance policies in Germany. Exit from Russian market confirmed.
Zurich Insurance Group: Swiss Quality
In this article, we'll take a deeper look at the Zurich Insurance Group AG, one of the premier businesses in Switzerland. This company, despite a recent rise, is actually at a fair valuation. It has a premium - but it's...
Zurich Insurance will sell its Russian operations, exit market
Zurich Insurance Group AG said Friday it has agreed to sell its Russian operations to 11 members of its local team and will exit the market.
Zurich Insurance to exit Russian market, sell business to local team
Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurance became the latest company to announce its exit from the Russian market.
Zurich Insurance Group AG (ZURVY) Q1 2022 Results - Earnings Call Transcript
Zurich Insurance Group AG (OTCQX:ZURVY) Q1 2022 Earnings Conference Call May 12, 2022 7:00 AM ET Company Participants George Quinn – Chief Financial Officer Jon Hocking – Head of Investor Relations Conference Call Participants Will Hardcastle – Union Bank of...
Zurich: In Uncertain Times, Buy A Swiss Safe Haven
Immaterial Russian exposure.
Source: https://incomestatements.info
Category: Stock Reports
What were Zurich’s key financial highlights in 2023?
Business operating profit (BOP) 1 7.4 bn USD.
Net income attributable to shareholders (NIAS) 4.4 bn USD.
Proposed dividend per share 2 26 CHF.
Estimated Swiss Solvency Test ratio. 231%
How did Zurich’s business operating profit change in 2023?
In the first year of Zurich’s 2023-2025 financial cycle, Zurich posted its highest ever business operating profit (BOP) of USD 7.4 billion, an increase of 21 percent 2 in U.S. dollar terms, strongly supported by an excellent performance of the Commercial Insurance business, a record performance in our Life business, and …
How did natural catastrophes impact Zurich’s financial performance?
Natural catastrophe losses added 2.4% to the P&C combined ratio, compared to 1.8% in the first half of 2023. Combined ratio is a key measure of underwriting profit, where a lower number indicates greater profitability. Zurich’s shares were down 3.1% at 0813 GMT, versus a 0.5% fall in European insurance stocks (.