- Zurich Insurance’s P&C insurance revenue for Q1 is up 9% year-on-year at $10.25 billion.
- P&C gross written premiums have also increased by 5.5% to $12.62 billion in the same period.
- Like-for-like (LfL) P&C gross written premiums have seen a rise of 9%.
- In contrast, life present value of new business premiums generated a revenue of $4.00 billion, a 3.8% dip compared to last year’s figures.
- However, the LfL life present value of new business premiums witnessed a 1% uptick.
- Life new business contractual service margin is at $264 million, a minor 0.4% decrease from last year.
- Farmers gross written premiums went up by 6.4%, bringing in $7.08 billion.
- The Swiss solvency test ratio stands strong at 232%.
- A previously announced share buyback program of up to CHF 1.1B is set to launch in the following weeks.
- Zurich Insurance’s farmers business is set to meet or exceed its single-digit growth target for the year.
- Broker consensus shows 5 buys, 14 holds, and 6 sells for the insurance giant’s stock.
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
Analysts at Smartkarma have assigned Zurich Insurance Group a mixed bag of Smart Scores, indicating a varied outlook for the company’s future. With a strong dividend score of 5, investors can expect Zurich Insurance Group to provide consistent and attractive dividend payouts over the long term. This is complemented by a favorable momentum score of 4, suggesting that the company is currently experiencing positive market sentiment and performance. However, Zurich Insurance Group falls slightly short in terms of value, growth, and resilience scores, indicating potential areas for improvement in these areas to enhance its overall performance.
Zurich Insurance Group AG, a provider of insurance-based financial services, caters to a wide range of customers from individuals to multinational corporations. While the company excels in providing reliable dividend payments and is currently riding a wave of positive market momentum, its overall outlook is tempered by scores that suggest room for improvement in areas such as value, growth, and resilience. Investors may want to keep an eye on how Zurich Insurance Group addresses these aspects to strengthen its position in the market 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
