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Zurich Insurance Group AG (ZURVY)
OTHER OTC:ZURVY
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Zurich Insurance Group AG
(OTC:ZURVY)
78Outperform
Zurich Insurance Group AG (ZURVY) vs. S&P 500 (SPY)
Market Cap
$97.69B
Dividend Yield2.96%
Average Volume (3M)55.22K
Price to Earnings (P/E)16.9
Beta (1Y)0.40
Revenue Growth9.54%
EPS Growth35.36%
CountryUS
Employees60,000
SectorFinancial
Sector Strength85
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)0.97
Shares Outstanding2,927,115,000
10 Day Avg. Volume0
30 Day Avg. Volume55,220
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)3.95
Price to Sales (P/S)0.00
P/FCF Ratio6.71
Enterprise Value/Market Cap1.10
Enterprise Value/Revenue0.36
Enterprise Value/Gross Profit3.22
Enterprise Value/Ebitda1.35
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Zurich Insurance Group AG Business Overview & Revenue Model
Company DescriptionZurich Insurance Group AG (ZURVY) is a leading multi-line insurer that offers a wide range of general insurance and life insurance products and services. Founded in 1872 and headquartered in Zurich, Switzerland, the company operates globally, serving customers in over 215 countries and territories. Zurich Insurance focuses on delivering innovative solutions and comprehensive coverage to individuals, small businesses, and large corporations through its extensive network of subsidiaries and affiliates.
How the Company Makes MoneyZurich Insurance Group AG generates revenue primarily through the underwriting of insurance policies and the management of investment portfolios. The company's key revenue streams include premiums collected from policyholders for general and life insurance products, such as property and casualty insurance, life and health insurance, and other specialized risk management solutions. Zurich also earns income from its investment activities, which involve managing assets derived from collected premiums to achieve favorable returns. Additionally, the company benefits from strategic partnerships and collaborations with financial institutions, brokers, and agents, which help expand its market reach and client base. The company's ability to effectively assess and manage risk, coupled with its strong global presence and diversified product offerings, significantly contribute to its financial performance.
Zurich Insurance Group AG Financial Statement Overview
Summary
Zurich Insurance Group AG demonstrates strong financial performance with robust income growth, a stable balance sheet, and healthy cash flow. The income statement shows a notable profit margin improvement and consistent revenue growth. The balance sheet reflects moderate leverage and effective use of shareholder funds. Cash flow statements highlight efficient capital management with strong free cash flow generation.Income Statement
Zurich Insurance Group AG shows a robust income statement with a notable net profit margin of 7.48% in 2024, up from 5.83% in 2023, indicating improved profitability. The revenue growth rate from 2023 to 2024 is 4.09%, demonstrating steady top-line growth. However, the EBIT margin is not available for 2024, but the EBITDA margin is strong at 12.62%. The company exhibits consistent revenue and profit growth, which enhances its stability and profitability in the insurance industry.85
Very Positive
Balance Sheet
The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.57, indicating moderate leverage and manageable debt levels. The equity ratio is 7.11%, showing a lower reliance on equity financing. Return on equity improved to 22.83% in 2024 from 17.50% in 2023, highlighting effective use of shareholder funds. While equity levels are relatively low, the company maintains sufficient liquidity with substantial cash reserves.78
Positive
Cash Flow
The cash flow statement demonstrates strong free cash flow growth of 4.41% from 2023 to 2024, reflecting efficient capital management. The operating cash flow to net income ratio is 1.31, indicating good cash conversion from profits. The free cash flow to net income ratio stands at 1.24, underscoring the company's ability to generate cash beyond its earnings. Overall, cash flows are healthy, supporting Zurich Insurance's operations and strategic initiatives.80
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 77.75B | 74.69B | 41.42B | 70.06B | 58.62B | Gross Profit |
| 77.75B | 69.96B | 41.42B | 70.06B | 58.62B | EBIT |
| 8.46B | 71.11B | 6.48B | 4.75B | 3.31B | EBITDA |
| 9.82B | 6.83B | 7.28B | 5.60B | 4.22B | Net Income Common Stockholders |
| 5.81B | 4.35B | 3.96B | 5.20B | 3.83B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 112.65B | 100.25B | 114.43B | 160.61B | 26.01B | Total Assets |
| 358.00B | 361.38B | 377.78B | 435.83B | 439.30B | Total Debt |
| 14.43B | 15.46B | 15.67B | 16.99B | 15.86B | Net Debt |
| 7.66B | 8.18B | 8.11B | 8.29B | 4.75B | Total Liabilities |
| 331.07B | 335.10B | 349.87B | 396.66B | 399.45B | Stockholders Equity |
| 25.47B | 24.86B | 26.63B | 37.88B | 38.28B |
| Cash Flow | Free Cash Flow | |||
| 7.23B | 6.93B | 4.51B | 2.59B | 5.15B | Operating Cash Flow |
| 7.60B | 7.34B | 5.08B | 3.17B | 5.70B | Investing Cash Flow |
| -1.40B | -1.13B | -691.00M | -2.89B | -496.00M | Financing Cash Flow |
| -6.37B | -7.00B | -5.27B | -2.29B | -2.67B |
Zurich Insurance Group AG Technical Analysis
Positive
34.64
Price Trends
33.79
Positive
31.79
Positive
30.25
Positive
Market Momentum
0.31
Positive
52.13
Neutral
16.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ZURVY, the sentiment is Positive. The current price of 34.64 is below the 20-day moving average (MA) of 34.85, above the 50-day MA of 33.79, and above the 200-day MA of 30.25, indicating a neutral trend. The MACD of 0.31 indicates Positive momentum. The RSI at 52.13 is Neutral, neither overbought nor oversold. The STOCH value of 16.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ZURVY.
Zurich Insurance Group AG Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $35.84B | 12.57 | 18.49% | 1.57% | 7.55% | 14.16% | |
79 Outperform | $34.05B | 9.59 | 18.42% | ― | 25.29% | -23.19% | |
78 Outperform | $97.69B | 16.90 | 22.99% | 2.96% | 9.54% | 35.36% | |
73 Outperform | $18.17B | 17.37 | 9.70% | 3.59% | 5.84% | -10.64% | |
71 Outperform | $16.32B | 14.60 | 56.67% | 1.82% | 12.41% | 14.76% | |
64 Neutral | $12.74B | 9.83 | 7.63% | 17000.35% | 12.34% | -5.32% | |
61 Neutral | $47.20B | 18.30 | 6.13% | 1.95% | -44.30% | -33.09% |
* Financial Sector Average
Performance Comparison
ZURVY
Zurich Insurance Group AG
34.71
9.51
37.74%
AIG
American International Group
83.23
4.38
5.55%
ACGL
Arch Capital Group
94.59
-1.44
-1.50%
HIG
Hartford Financial
129.25
27.84
27.45%
PFG
Principal Financial
81.42
-0.77
-0.94%
EQH
Equitable Holdings
52.85
13.00
32.62%
Zurich Insurance Group AG Earnings Call Summary
Earnings Call Date:Feb 20, 2025
(Q4-2024)
| % Change Since: 14.63%|
Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment Neutral
The earnings call presented a strong performance across key financial metrics, with record-breaking BOP and ROE, significant cash remittances, and growth in the Life and P&C segments. However, challenges include the financial impact of California wildfires and a decline in Farmers' policy counts. Overall, the sentiment is balanced with a positive outlook for future growth.Q4-2024 Updates
Positive Updates
Record Group BOP and ROE
Group BOP reached a record $7.8 billion, up 5% year-over-year, with a core ROE of 24.6%, increasing by 1.6 percentage points from 2023.
Strong Cash Remittances and Dividend Increase
Cash remittances were $7.1 billion, up 34% for the year, supporting a proposed 8% dividend increase to CHF 28.
Life Business Growth
Life BOP grew 9% to a record $2.2 billion, driven by 7% like-for-like gross premium growth in protection, with significant contributions from EMEA, Asia Pacific, and Latin America.
Property & Casualty Performance
P&C gross written premiums grew 5% like-for-like, with a 94.2% combined ratio and BOP up 8% to $4.2 billion.
Farmers Segment Stability
Farmers delivered a BOP of $2.3 billion, maintaining the record level from last year, with a full-year combined ratio of 91.4%.
Negative Updates
California Wildfires Impact
The financial impact of California wildfires on Zurich Insurance is estimated at $200 million, with Farmers facing losses within their reinsurance coverage.
Farmers Policy Count Decline
Farmers experienced an 8% decline in policies in force (PIF) in 2024, with efforts to reverse this trend expected to show results in the second half of 2025.
Reinsurance and Rate Challenges
The reinsurance renewals in April could see changes due to wildfire events, and there is a moderated pace of rate increases in some segments.
Company Guidance
During the Zurich Insurance Group's Full Year 2024 Results Q&A Call, CEO Mario Greco highlighted the group's strong financial performance, surpassing their 2023-2025 financial plan and setting a robust foundation for their 2027 objectives. Key metrics included a record group Business Operating Profit (BOP) of $7.8 billion, a 5% increase year-over-year, and a core Return on Equity (ROE) of 24.6%, up 1.6 percentage points from 2023. The company achieved healthy cash remittances of $7.1 billion, reflecting a 34% increase in NIAS earnings. Within the Life segment, BOP grew 9% to $2.2 billion, with gross premiums and new business premiums rising 4% and 5% respectively. The Property & Casualty business saw a 5% growth in gross written premiums, with a combined ratio of 94.2% and an 8% increase in BOP to $4.2 billion. The Farmers segment delivered a BOP of $2.3 billion, maintaining the record level from the previous year. The group's strong capitalization was evidenced by an SST ratio of 252% at year-end 2024, supporting their growth initiatives and shareholder returns goals, including a proposed 8% dividend increase to CHF 28. Looking forward, Zurich aims for a 9% compounded annual growth rate in core EPS, a core ROE above 23%, and cumulative cash remittances exceeding $19 billion over the next three-year cycle.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.