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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 Insurance targets net zero in own operations by 2030
Zurich Insurance on Thursday said it aimed to achieve net-zero greenhouse gas emissions in its own operations by 2030, bringing forward its target by 20 years.
Zurich Insurance removes Z symbol after letter used to show support for Ukraine war
Zurich Insurance has removed its Z logo from social media after the letter became a symbol of support in Russia for Moscow's invasion of Ukraine.
Hartford's Consistent Performance Not Quite In Step With The Hard Commercial P&C Market
Hartford's Consistent Performance Not Quite In Step With The Hard Commercial P&C Market
Zurich Insurance Group AG (ZURVY) CEO Mario Greco on Q4 2021 Results - Earnings Call Transcript
Zurich Insurance Group AG (ZURVY) CEO Mario Greco on Q4 2021 Results - Earnings Call Transcript
Zurich: Solid End Of Year Results
Zurich: Solid End Of Year Results
Zurich Insurance: A Safe Haven To Hold
Increasing AUM through deal with Deutsche Bank to take on network of financial advisors in Italy. Solvency ratio gives us confidence.
DWX: Past Performance Is Concerning
DWX: Past Performance Is Concerning
Zurich Insurance on track to hit targets as P&C premiums rise
Zurich Insurance Group expressed confidence in hitting its 2022 targets on Thursday while reporting property and casualty (P&C) premiums rose 11% on a like-for-like basis in the first nine months.
Zurich Insurance Group: Solid Insurance Company, But Still Faces Risks
Zurich Insurance Group has been seeing strong profitability growth across the Life segment over the past five years. However, the rise of more frequent extreme weather events means a risk of higher loss ratios across Property & Casualty.
Zurich Insurance Group AG (ZURVY) CEO Mario Greco on Q2 2021 Results - Earnings Call Transcript
Zurich Insurance Group AG (ZURVY) CEO Mario Greco on Q2 2021 Results - Earnings Call Transcript
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 (.