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Zurich Insurance Group (ZURN) AI Stock Analysis
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Zurich Insurance Group
(Six Swiss:ZURN)
The score is supported primarily by strong financial performance (especially cash flow strength and improved leverage) and attractive valuation (low P/E and high dividend yield). These positives are partly offset by weak near-term technicals, with price below key moving averages and negative MACD indicating soft momentum.
Zurich Insurance Group (ZURN) vs. iShares MSCI Switzerland ETF (EWL)
- Market Cap
- CHF 113.52B
- Dividend Yield
- 4.80%
- Average Volume (3M)
- 257.64K
- Price to Earnings (P/E)
- 10.2
- Beta (1Y)
- 0.79
- Revenue Growth
- 19.34%
- EPS Growth
- 11.57%
- Country
- Switzerland
- Employees
- 65,000
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Insurance - Diversified
Zurich Insurance Group Business Overview & Revenue Model
Company Description
Zurich Insurance Group AG provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. It operates through Property & Casualty Regions, Life Regions, and Farmers segments. Th...
How the Company Makes Money
Zurich makes money primarily through (1) underwriting income from insurance operations and (2) investment income on the assets it holds to back insurance liabilities, with additional fee-based revenues from certain distribution/administration activit...
Zurich Insurance Group Earnings Call Summary
The earnings call presented a strong positive performance for Zurich, with record operating profits and ROE, alongside robust financial resilience. While there are some challenges, particularly in the liability market and expenses, the overall sentiment remains optimistic with significant growth in key areas.
Q2-2025 Updates
Positive Updates
Negative Updates
Company Guidance
In the first half of 2025, Zurich Insurance Group reported a record-breaking group business operating profit of USD 4.2 billion, marking a 6% increase year-on-year, and a highest-ever core return on equity (ROE) of 26.3%, reflecting a 15 percentage point rise. The company's financial resilience was highlighted by a Swiss Solvency Test (SST) ratio of 255% as of June, along with robust cash conversion capabilities. In the Property & Casualty segment, an all-time high business operating profit (BOP) of USD 2.4 billion was achieved, up 9% year-over-year, with the combined ratio improving by 1.2 percentage points to 92.4%. The Life segment sustained a BOP of USD 1 billion, a 4% underlying increase, with gross written premiums rising 14% and new business premiums up 20%. Meanwhile, Farmers reported its strongest half-year performance with a BOP increase of 4% to USD 1.2 billion and a combined ratio of 90.5%. Looking ahead, Zurich aims for a compounded annual growth rate of over 9% in core EPS from a 2024 baseline and a core ROE exceeding 23%, with cumulative cash remittances projected to surpass USD 19 billion by 2027.
Zurich Insurance Group Financial Statement Overview
Summary
Strong overall fundamentals driven by very robust cash generation (TTM operating cash flow ~32.7B; free cash flow ~32.0B) and improved revenue scale (+~32% TTM vs prior annual period). Profitability is steady for an insurer (TTM net margin ~7.6%) and leverage improved (debt-to-equity ~0.49 vs ~0.65 in 2025). Key constraints are limited margin expansion and some historical cash-flow volatility typical of insurers.
Income Statement
76PositiveBalance Sheet
72PositiveCash Flow
83Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 141.04B | 91.89B | 86.05B | 78.10B | 44.76B | 70.05B |
| Gross Profit | 113.82B | 91.89B | 83.66B | 75.71B | 33.77B | 60.33B |
| EBITDA | 12.46B | 11.87B | 9.69B | 7.77B | 6.57B | 8.36B |
| Net Income | 10.79B | 7.12B | 5.81B | 4.35B | 3.96B | 5.20B |
Balance Sheet | ||||||
| Total Assets | 421.35B | 454.82B | 358.00B | 361.38B | 335.41B | 435.83B |
| Cash, Cash Equivalents and Short-Term Investments | 6.73B | 7.08B | 112.65B | 100.25B | 114.43B | 160.61B |
| Total Debt | 15.40B | 18.65B | 14.43B | 15.46B | 15.67B | 16.99B |
| Total Liabilities | 388.17B | 424.67B | 331.07B | 335.10B | 308.48B | 368.50B |
| Stockholders Equity | 31.41B | 28.50B | 25.47B | 24.86B | 25.68B | 37.88B |
Cash Flow | ||||||
| Free Cash Flow | 31.96B | 23.23B | 7.23B | 6.93B | 4.51B | 2.59B |
| Operating Cash Flow | 32.71B | 23.73B | 7.60B | 7.34B | 5.08B | 3.17B |
| Investing Cash Flow | -29.13B | -18.59B | -1.40B | -1.13B | -691.00M | -2.89B |
| Financing Cash Flow | -2.67B | -5.48B | -6.37B | -7.00B | -5.27B | -2.29B |
Zurich Insurance Group Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:ZURN, the sentiment is Positive. The current price of 625.60 is above the 20-day moving average (MA) of 602.62, above the 50-day MA of 594.91, and above the 200-day MA of 568.11, indicating a bullish trend. The MACD of 9.78 indicates Negative momentum. The RSI at 69.65 is Neutral, neither overbought nor oversold. The STOCH value of 70.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:ZURN.
Zurich Insurance Group Peers Comparison
Overall Rating
CH:SREN80.5Outperform
CH:VAHN80Outperform- CH:ZURN74Outperform
CH:HBAN70Outperform
CH:SLHN66Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| CH:SREN | 81Outperform | CHF 41.66B | 11.21 | 20.19% | 4.11% | -11.54% | 19.88% |
| CH:VAHN | 80Outperform | CHF 2.14B | 13.75 | 5.71% | 3.69% | 13.54% | 3.12% |
| CH:ZURN | 74Outperform | CHF 92.06B | 10.19 | 36.04% | 4.80% | 19.34% | 11.57% |
| CH:HBAN | 70Outperform | CHF 21.77B | 26.94 | ― | 3.52% | 53.69% | -69.32% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| CH:SLHN | 66Neutral | CHF 26.53B | 20.73 | 19.32% | 3.81% | -0.45% | 10.49% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| CH:ZURN | Zurich Insurance Group | 625.60 | 99.61 | 18.94% | |
| CH:HBAN | Helvetia Holding | 219.00 | 25.22 | 13.01% | |
| CH:SLHN | Swiss Life Holding | 956.80 | 116.97 | 13.93% | |
| CH:SREN | Swiss Re AG | 153.35 | 13.85 | 9.93% | |
| CH:VAHN | Vaudoise Assurances Holding SA | 732.00 | 123.11 | 20.22% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 25, 2026