- Zurich Insurance is on track to meet or exceed their full year growth guidance.
- The P&C insurance revenue stands at $10.25 billion, showing a 9% increase year on year.
- P&C gross written premiums are $12.62 billion, a 5.5% growth year on year.
- On a like-for-like basis, P&C gross written premiums have increased by 9%.
- The present value of new business premiums for Life insurance is $4.00 billion, a decrease of 3.8% year on year.
- However, on a like-for-like basis, Life insurance’s present value of new business premiums has grown by 1%.
- Life insurance’s new business contractual service margin is $264 million, a slight decrease of 0.4% year on year.
- Farmers gross written premiums have gone up to $7.08 billion, a 6.4% increase year on year.
- The Swiss solvency test ratio is robust at 232%.
- The previously announced share buyback program of up to CHF 1.1B is expected to start within a few weeks.
- Zurich Insurance has received 5 buys, 14 holds, and 6 sells.
A look at Zurich Insurance Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Zurich Insurance Group AG, a provider of insurance-based financial services, is poised for a promising long-term future based on the Smartkarma Smart Scores analysis. With a strong dividend score of 5, investors can expect attractive steady returns. Additionally, the momentum score of 4 indicates that the company is gaining traction in the market, showcasing positive growth potential.
Despite having average scores for value, growth, and resilience, Zurich Insurance Group remains a solid choice for investors looking for stability and reliable dividends. Their diverse range of insurance products and services cater to individuals, small businesses, and large corporations, positioning the company well for sustained success in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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