- Record profit, ROE and cash remittances: Group business operating profit (BOP) of USD 7.8 billion, return on equity (Core ROE1) at 24.6%, cash remittances at USD 7.1 billion
|
- Sustainable earnings growth: Adjusted Earnings per share2 at USD 42.2, up 10%, net income attributable to shareholders at USD 5.8 billion
|
- Property & Casualty (P&C) BOP up 8% to USD 4.2 billion and improved combined ratio of 94.2%
|
- Life BOP at USD 2.2 billion is driven by strong momentum in the unit-linked and protection businesses.
|
- Farmer's BOP reaches USD 2.3 billion, showing strong underlying growth; Farmers Exchanges3 combined ratio improves to 91.4%
|
- Very strong capital position: Swiss Solvency Test (SST) ratio at 252%4
|
- Attractive dividend: proposed dividend increase of 8% to CHF 28 per share
|
- Board nomination: Thomas Jordan was nominated for election to the Board of Directors
|
| Zurich Insurance Group (Zurich) delivered record results, driven by strong momentum in all areas of the business, with P&C and Life achieving their highest-ever business operating profits and the Farmers Exchanges3 lowering their combined ratio by 12 percentage points in just one year. This strong set of results, together with Zurich’s track record of consistent delivery, position the company strongly at the beginning of the new three-year cycle. |
| The Group’s attractive dividend policy is confirmed by proposing a dividend of CHF 28 per share, an increase of 8%. Over the last eight years, Zurich has distributed more than CHF 28 billion to its shareholders in cash dividends and share buyback, contributing to an industry-leading total shareholder return of 16% per year.5 |
| All our businesses delivered an outstanding performance in 2024. P&C and Life posted their best-ever results, and Farmers grew profitably. We continue to experience positive rate momentum in our commercial business and a healthy pricing environment in retail, positioning us strongly at the start of the new cycle for which we have already set our most ambitious targets yet. This reinforces our ability to execute and deliver on our plans and our commitment to create consistent long-term value for all our stakeholders. |
| Mario Greco, Group Chief Executive Officer |
| For the full document, click the link below: |
| Zurich Insurance Group |
| Stay ahead of the curve! Subscribe to InsidEntity for daily updates on all your favourite companies. |
