Test: Difference between revisions
Content deleted Content added
No edit summary |
No edit summary |
||
| Line 1: | Line 1: | ||
= Zurich Insurance Group – Financial Supplement |
= Zurich Insurance Group – FY2024–FY2025 Financial Supplement = |
||
<!-- RAG-context: Zurich Insurance Group, financial supplement, half-year H1 H2 and full-year FY results, 2024 2025, business operating profit BOP, insurance revenue, net investment result, P&C property and casualty, life insurance, Farmers, group reinsurance, combined ratio, loss ratio, expense ratio, USD millions --> |
|||
== |
== Business Operating Profit (BOP) by Segment == |
||
| ⚫ | |||
=== BOP by Segment – Detailed Breakdown === |
|||
| ⚫ | |||
'' |
''USD millions | H1/H2/FY for 2024 and 2025 | Source: Zurich Insurance Group'' |
||
<div style="overflow-x: auto; max-width: 100%;"> |
<div style="overflow-x: auto; max-width: 100%;"> |
||
| Line 114: | Line 116: | ||
</div> |
</div> |
||
== |
== Property & Casualty (P&C) by Country and Customer Unit == |
||
<!-- RAG-context: Zurich P&C property and casualty insurance, by country and region, by customer unit, gross written premium GWP, insurance revenue, business operating profit BOP, combined ratio, loss ratio, expense ratio, Germany, Ireland, Italy, Spain, Switzerland, United Kingdom, EMEA, United States, North America, Australia, Japan, Asia Pacific, Argentina, Brazil, Latin America, group reinsurance, commercial insurance, retail SME, H1 H2 FY 2024 2025, USD millions --> |
|||
=== P&C by Country and Region === |
|||
=== P&C Performance by Country and Region: Gross Written Premium, Insurance Revenue, BOP, Combined Ratio, Loss Ratio, Expense Ratio (H1/H2/FY, 2024 vs 2025, USD millions) === |
|||
'' |
''USD millions (ratios as %) | H1/H2/FY for 2024 and 2025 | Source: Zurich Insurance Group'' |
||
<div style="overflow-x: auto; max-width: 100%;"> |
<div style="overflow-x: auto; max-width: 100%;"> |
||
| Line 220: | Line 223: | ||
</div> |
</div> |
||
=== P&C |
=== P&C by Customer Unit === |
||
<!-- RAG-context: Zurich P&C by customer unit, commercial insurance, retail and SME, group reinsurance, gross written premium, insurance revenue, BOP, combined ratio, loss ratio, expense ratio, H1 H2 FY 2024 2025, USD millions --> |
|||
''All monetary values in USD millions. Ratios shown as percentages. Customer units: Commercial Insurance, Retail and SME, Group Reinsurance. Source: Zurich Insurance Group financial supplement.'' |
|||
''USD millions (ratios as %) | H1/H2/FY for 2024 and 2025 | Source: Zurich Insurance Group'' |
|||
<div style="overflow-x: auto; max-width: 100%;"> |
<div style="overflow-x: auto; max-width: 100%;"> |
||
Revision as of 21:16, 24 February 2026
Zurich Insurance Group – FY2024–FY2025 Financial Supplement
Business Operating Profit (BOP) by Segment
BOP by Segment – Detailed Breakdown
USD millions | H1/H2/FY for 2024 and 2025 | Source: Zurich Insurance Group
| Property & Casualty | Life | Farmers | Group Functions and Operations | Non-Core Businesses | Eliminations | Total | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | |||||||||||||||||||||||||||||
| H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | |
| Insurance revenue | 21445.7 | 23345.8 | 44791.5 | 23014.1 | 25219.5 | 48233.6 | 5796.9 | 5902.8 | 11699.7 | 5775.2 | 6547.7 | 12322.9 | 1456.0 | 1485.4 | 2941.4 | 1111.8 | 1133.5 | 2245.3 | - | - | - | - | - | - | 45.5 | 51.8 | 97.2 | 78.7 | 92.1 | 170.8 | (8.2) | (14.2) | (22.4) | (11.1) | (16.1) | (27.2) | 28735.9 | 30771.6 | 59507.5 | 29968.6 | 32976.7 | 62945.4 |
| Insurance service expense | (17829.6) | (20649.3) | (38478.9) | (18815.8) | (21826.5) | (40642.3) | (4540.6) | (4589.6) | (9130.2) | (4496.7) | (5166.8) | (9663.5) | (1304.6) | (1220.0) | (2524.6) | (897.1) | (869.1) | (1766.2) | (0.3) | 0.4 | 0.1 | (0.2) | (0.2) | (0.4) | (69.9) | (268.5) | (338.4) | (210.7) | (132.4) | (343.1) | 4.9 | 10.7 | 15.6 | 18.8 | 15.1 | 33.9 | (23740.1) | (26716.3) | (50456.4) | (24401.9) | (27979.8) | (52381.6) |
| Net expenses from reinsurance contracts held | (1753.0) | (1059.2) | (2812.2) | (1971.6) | (1075.0) | (3046.6) | (84.6) | (76.3) | (160.8) | (92.7) | (78.5) | (171.3) | (63.7) | (145.4) | (209.1) | (108.3) | (103.0) | (211.2) | - | - | - | - | - | - | 30.5 | 113.9 | 144.4 | 132.4 | 7.1 | 139.6 | 3.3 | 3.5 | 6.8 | (7.6) | 0.9 | (6.7) | (1867.5) | (1163.4) | (3030.9) | (2047.8) | (1248.4) | (3296.2) |
| Insurance service result | 1863.1 | 1637.4 | 3500.5 | 2226.6 | 2318.0 | 4544.7 | 1171.7 | 1237.0 | 2408.7 | 1185.8 | 1302.3 | 2488.1 | 87.6 | 120.0 | 207.7 | 106.4 | 161.5 | 267.9 | (0.3) | 0.4 | 0.1 | (0.2) | (0.2) | (0.4) | 6.1 | (102.9) | (96.8) | 0.4 | (33.2) | (32.8) | - | - | - | - | - | - | 3128.3 | 2891.9 | 6020.2 | 3519.0 | 3748.6 | 7267.5 |
| Net investment income on Group investments | 1233.2 | 1269.8 | 2503.0 | 1276.0 | 1359.4 | 2635.4 | 1521.3 | 1470.8 | 2992.1 | 1374.8 | 1504.1 | 2878.9 | 23.1 | 23.1 | 46.3 | 24.6 | 24.0 | 48.6 | 127.7 | 110.5 | 238.2 | 108.8 | 106.2 | 215.0 | 67.9 | 80.0 | 148.0 | 58.2 | 54.5 | 112.7 | (110.9) | (86.4) | (197.3) | (74.2) | (73.9) | (148.1) | 2862.3 | 2868.0 | 5730.3 | 2768.2 | 2974.2 | 5742.4 |
| Net capital gains/(losses) on Group investments | 152.5 | 116.9 | 269.4 | 35.9 | 174.7 | 210.7 | (48.0) | (72.8) | (120.8) | (140.1) | 4.8 | (135.3) | (3.4) | (0.2) | (3.6) | 0.0 | 0.0 | 0.0 | 73.9 | 82.3 | 156.2 | 87.4 | 53.4 | 140.8 | (53.4) | (6.3) | (59.7) | 33.0 | (1.9) | 31.1 | - | - | - | - | - | - | 121.6 | 119.9 | 241.5 | 16.3 | 231.0 | 247.3 |
| Net investment result on Group investments | 1385.6 | 1386.8 | 2772.4 | 1311.9 | 1534.1 | 2846.1 | 1473.3 | 1398.1 | 2871.3 | 1234.7 | 1508.9 | 2743.6 | 19.8 | 22.9 | 42.6 | 24.6 | 24.0 | 48.6 | 201.6 | 192.8 | 394.4 | 196.2 | 159.6 | 355.8 | 14.5 | 73.7 | 88.2 | 91.2 | 52.6 | 143.8 | (110.9) | (86.4) | (197.3) | (74.2) | (73.9) | (148.1) | 2983.9 | 2987.9 | 5971.8 | 2784.5 | 3205.3 | 5989.7 |
| Net investment income on unit-linked investments | - | - | - | - | - | - | 640.9 | 619.2 | 1260.1 | 640.4 | 633.2 | 1273.6 | 18.9 | 45.5 | 64.4 | 49.4 | 78.7 | 128.1 | - | - | - | - | - | - | 0.1 | 0.0 | 0.1 | 0.1 | 0.0 | 0.1 | - | - | - | - | - | - | 659.9 | 664.7 | 1324.6 | 689.9 | 712.0 | 1401.8 |
| Change in liabilities for investment contracts and other funds | - | - | - | - | - | - | (444.1) | (398.2) | (842.3) | (462.6) | (416.0) | (878.6) | (0.7) | (0.9) | (1.6) | (0.8) | (0.6) | (1.5) | - | - | - | - | - | - | (3.6) | (3.6) | (7.2) | (3.4) | (3.4) | (6.8) | - | - | - | - | - | - | (448.5) | (402.7) | (851.2) | (466.8) | (420.0) | (886.8) |
| Re-/Insurance finance income/(expenses) | (588.2) | (644.9) | (1233.2) | (658.8) | (679.0) | (1337.8) | (1380.1) | (1305.2) | (2685.4) | (1181.4) | (1301.7) | (2483.1) | (8.8) | (38.3) | (47.2) | (49.8) | (80.3) | (130.1) | - | - | - | - | - | - | (10.4) | (26.1) | (36.4) | (74.8) | (64.5) | (139.3) | 0.0 | (0.0) | 0.0 | (0.0) | (0.0) | (0.0) | (1987.5) | (2014.5) | (4002.1) | (1964.9) | (2125.5) | (4090.3) |
| Net investment result | 797.4 | 741.9 | 1539.3 | 653.2 | 855.1 | 1508.2 | 290.0 | 313.8 | 603.8 | 231.1 | 424.4 | 655.5 | 29.1 | 29.2 | 58.3 | 23.3 | 21.8 | 45.1 | 201.6 | 192.8 | 394.4 | 196.2 | 159.6 | 355.8 | 0.6 | 44.0 | 44.6 | 13.1 | (15.3) | (2.2) | (110.9) | (86.4) | (197.2) | (74.2) | (73.9) | (148.1) | 1207.8 | 1235.3 | 2443.1 | 1042.7 | 1371.7 | 2414.4 |
| Fee income | 243.3 | 239.9 | 483.2 | 267.0 | 263.3 | 530.3 | 460.1 | 491.3 | 951.4 | 508.2 | 596.8 | 1105.0 | 2265.6 | 2311.1 | 4576.8 | 2273.1 | 2464.2 | 4737.2 | 0.0 | (0.8) | (0.7) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.2 | 0.2 | 0.0 | (0.0) | - | 0.0 | (0.0) | - | 2969.1 | 3041.6 | 6010.7 | 3048.3 | 3324.4 | 6372.7 |
| Fee business expenses | (185.8) | (199.6) | (385.4) | (226.8) | (220.7) | (447.5) | (325.8) | (319.8) | (645.6) | (352.9) | (389.4) | (742.3) | (1250.0) | (1285.2) | (2535.2) | (1229.5) | (1401.4) | (2630.9) | (0.2) | (0.0) | (0.2) | (0.1) | (0.0) | (0.1) | (0.0) | (0.0) | (0.0) | - | - | - | (4.0) | (4.7) | (8.8) | (5.1) | (4.2) | (9.3) | (1765.8) | (1809.4) | (3575.1) | (1814.4) | (2015.7) | (3830.0) |
| Fee result | 57.4 | 40.3 | 97.7 | 40.2 | 42.6 | 82.8 | 134.3 | 171.5 | 305.9 | 155.3 | 207.4 | 362.7 | 1015.6 | 1025.9 | 2041.6 | 1043.6 | 1062.8 | 2106.4 | (0.1) | (0.8) | (0.9) | (0.0) | (0.0) | (0.1) | 0.0 | 0.0 | 0.1 | 0.0 | 0.2 | 0.2 | (4.0) | (4.8) | (8.8) | (5.1) | (4.2) | (9.3) | 1203.3 | 1232.2 | 2435.5 | 1234.0 | 1308.7 | 2542.7 |
| Other revenues | 205.7 | 255.1 | 460.8 | 201.1 | 203.2 | 404.3 | 159.2 | 99.9 | 259.2 | 78.9 | 77.1 | 156.0 | 29.0 | 37.6 | 66.6 | 23.7 | 37.2 | 60.9 | 127.7 | 122.9 | 250.6 | 95.8 | 89.7 | 185.5 | 12.2 | 12.2 | 24.4 | 21.5 | 14.0 | 35.6 | (335.5) | (367.9) | (703.4) | (285.4) | (262.7) | (548.0) | 198.3 | 159.8 | 358.1 | 135.7 | 158.6 | 294.3 |
| Interest expense on debt | (41.8) | (38.1) | (80.0) | (35.2) | (35.3) | (70.4) | (31.2) | (21.8) | (53.0) | (10.4) | (22.4) | (32.8) | (7.0) | (0.0) | (7.0) | (0.1) | (0.2) | (0.3) | (370.8) | (365.3) | (736.2) | (319.7) | (354.6) | (674.3) | (32.1) | (30.5) | (62.6) | (19.7) | (6.2) | (25.9) | 257.6 | 241.0 | 498.6 | 173.9 | 169.3 | 343.2 | (225.3) | (214.8) | (440.1) | (211.2) | (249.3) | (460.5) |
| Other expenses | (709.8) | (761.5) | (1471.4) | (682.6) | (845.7) | (1528.2) | (333.0) | (367.9) | (700.9) | (363.4) | (494.1) | (857.5) | (74.9) | (76.6) | (151.5) | (83.4) | (105.1) | (188.4) | (369.4) | (480.1) | (849.6) | (430.7) | (409.9) | (840.7) | (27.4) | (73.8) | (101.2) | 3.2 | (19.4) | (16.3) | 192.7 | 218.1 | 410.8 | 190.9 | 171.5 | 362.3 | (1321.8) | (1541.9) | (2863.7) | (1366.1) | (1702.6) | (3068.7) |
| Restructuring costs and other items not relevant for BOP | 125.7 | 185.6 | 311.3 | 104.0 | 242.5 | 346.6 | 26.1 | 17.9 | 44.0 | 64.4 | 136.0 | 200.4 | 35.4 | 34.6 | 70.0 | 40.8 | 54.8 | 95.6 | 53.1 | 18.3 | 71.4 | 61.4 | 12.7 | 74.1 | 0.2 | 87.3 | 87.5 | (8.0) | 1.1 | (6.9) | - | - | - | - | - | - | 240.4 | 343.7 | 584.1 | 262.7 | 447.1 | 709.8 |
| Other result | (420.3) | (358.9) | (779.2) | (412.6) | (435.2) | (847.7) | (178.8) | (271.9) | (450.7) | (230.5) | (303.4) | (533.9) | (17.4) | (4.5) | (21.9) | (19.0) | (13.2) | (32.2) | (559.5) | (704.3) | (1263.8) | (593.2) | (662.1) | (1255.3) | (47.2) | (4.7) | (51.9) | (3.0) | (10.5) | (13.5) | 114.9 | 91.1 | 206.0 | 79.4 | 78.1 | 157.5 | (1108.3) | (1253.2) | (2361.5) | (1178.9) | (1346.2) | (2525.1) |
| Income tax (expense)/benefit attributable to policyholders (BOP relevant) | (2.0) | (2.8) | (4.8) | (0.4) | (1.7) | (2.2) | (130.5) | (32.3) | (162.7) | (77.1) | (141.2) | (218.4) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | (132.5) | (35.1) | (167.6) | (77.6) | (143.0) | (220.6) |
| Business operating profit before non-controlling interests | 2295.6 | 2057.8 | 4353.3 | 2507.0 | 2778.8 | 5285.8 | 1286.8 | 1418.1 | 2704.9 | 1264.6 | 1489.5 | 2754.2 | 1114.9 | 1170.7 | 2285.6 | 1154.3 | 1232.8 | 2387.2 | (358.3) | (511.9) | (870.2) | (397.3) | (502.7) | (900.0) | (40.4) | (63.5) | (104.0) | 10.5 | (58.7) | (48.2) | - | - | - | 0.1 | 0.1 | 0.1 | 4298.6 | 4071.1 | 8369.7 | 4539.1 | 4939.8 | 9479.0 |
| Non-controlling interest | 71.4 | 77.5 | 148.9 | 77.9 | 79.2 | 157.2 | 239.3 | 230.8 | 470.1 | 234.0 | 232.0 | 466.0 | - | - | - | - | - | - | (0.0) | (0.0) | (0.1) | (0.0) | (0.2) | (0.3) | - | - | - | - | - | - | - | - | - | - | - | - | 310.6 | 308.3 | 618.9 | 311.8 | 311.0 | 622.8 |
| Business operating profit | 2224.2 | 1980.2 | 4204.5 | 2429.0 | 2699.6 | 5128.6 | 1047.5 | 1187.3 | 2234.9 | 1030.7 | 1257.5 | 2288.2 | 1114.9 | 1170.7 | 2285.6 | 1154.3 | 1232.8 | 2387.2 | (358.2) | (511.9) | (870.1) | (397.3) | (502.5) | (899.7) | (40.4) | (63.5) | (104.0) | 10.5 | (58.7) | (48.2) | - | - | - | 0.1 | 0.1 | 0.1 | 3988.0 | 3762.8 | 7750.8 | 4227.3 | 4628.8 | 8856.1 |
Property & Casualty (P&C) by Country and Customer Unit
P&C by Country and Region
USD millions (ratios as %) | H1/H2/FY for 2024 and 2025 | Source: Zurich Insurance Group
| Gross written premium | Insurance revenue | Business operating profit | Combined ratio | Loss ratio | Expense ratio | |||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | |||||||||||||||||||||||||
| H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | |
| Germany | 1963.2 | 1434.4 | 3397.7 | 2185.6 | 1749.2 | 3934.8 | 1546.2 | 1697.4 | 3243.5 | 1723.6 | 2028.0 | 3751.6 | 0.5 | 27.8 | 28.3 | 204.1 | 170.7 | 374.8 | 104.7% | 104.0% | 104.3% | 92.4% | 95.5% | 94.1% | 73.6% | 73.4% | 73.5% | 63.2% | 65.1% | 64.3% | 31.1% | 30.6% | 30.8% | 29.2% | 30.4% | 29.8% |
| Ireland | 250.0 | 224.5 | 474.4 | 248.1 | 242.0 | 490.2 | 229.5 | 239.0 | 468.5 | 236.1 | 255.3 | 491.3 | 32.6 | 39.8 | 72.5 | 24.0 | 53.7 | 77.7 | 88.5% | 86.8% | 87.7% | 93.4% | 82.7% | 87.8% | 59.8% | 58.7% | 59.2% | 64.7% | 53.5% | 58.9% | 28.7% | 28.1% | 28.4% | 28.7% | 29.2% | 29.0% |
| Italy | 936.2 | 950.3 | 1886.4 | 982.3 | 1081.1 | 2063.5 | 865.8 | 935.4 | 1801.2 | 935.5 | 1047.8 | 1983.3 | 106.8 | 85.2 | 191.9 | 122.3 | 94.0 | 216.2 | 90.3% | 93.2% | 91.8% | 89.5% | 93.9% | 91.8% | 61.2% | 64.9% | 63.1% | 59.4% | 64.1% | 61.9% | 29.1% | 28.3% | 28.7% | 30.1% | 29.8% | 29.9% |
| Spain | 808.4 | 722.2 | 1530.7 | 896.6 | 874.3 | 1770.9 | 712.8 | 746.6 | 1459.4 | 783.7 | 892.9 | 1676.6 | 37.0 | 34.8 | 71.8 | 59.7 | 62.9 | 122.6 | 96.1% | 96.2% | 96.2% | 93.4% | 94.5% | 94.0% | 62.7% | 61.7% | 62.2% | 59.7% | 61.0% | 60.4% | 33.4% | 34.5% | 34.0% | 33.8% | 33.5% | 33.6% |
| Switzerland | 2920.4 | 1337.1 | 4257.5 | 3108.7 | 1611.2 | 4720.0 | 1948.5 | 2114.6 | 4063.1 | 2132.5 | 2361.5 | 4494.1 | 168.2 | 160.8 | 329.0 | 185.1 | 198.7 | 383.8 | 95.4% | 96.3% | 95.9% | 93.1% | 94.9% | 94.0% | 73.9% | 75.6% | 74.8% | 72.5% | 73.9% | 73.2% | 21.5% | 20.7% | 21.1% | 20.5% | 21.0% | 20.8% |
| United Kingdom | 2546.3 | 2411.7 | 4958.0 | 2682.7 | 2465.2 | 5147.8 | 2293.8 | 2483.4 | 4777.2 | 2430.6 | 2510.9 | 4941.5 | 293.7 | 231.1 | 524.8 | 363.6 | 294.7 | 658.3 | 89.4% | 93.8% | 91.7% | 87.5% | 91.6% | 89.6% | 63.5% | 67.3% | 65.5% | 60.3% | 63.4% | 61.9% | 25.9% | 26.5% | 26.2% | 27.2% | 28.2% | 27.7% |
| Rest of Europe, Middle East & Africa | 1709.7 | 1400.9 | 3110.6 | 1904.8 | 1674.6 | 3579.5 | 1392.6 | 1445.5 | 2838.1 | 1559.1 | 1754.8 | 3313.9 | 142.0 | 127.2 | 269.2 | 80.0 | 128.9 | 209.0 | 95.8% | 93.2% | 94.5% | 99.8% | 95.7% | 97.7% | 69.3% | 69.8% | 69.6% | 75.6% | 69.3% | 72.2% | 26.5% | 23.3% | 24.9% | 24.2% | 26.5% | 25.4% |
| Europe, Middle East & Africa | 11134.3 | 8481.1 | 19615.3 | 12008.9 | 9697.7 | 21706.6 | 8989.3 | 9661.8 | 18651.1 | 9801.1 | 10851.2 | 20652.3 | 780.8 | 706.7 | 1487.5 | 1038.9 | 1003.5 | 2042.4 | 94.9% | 96.0% | 95.5% | 92.3% | 94.0% | 93.2% | 68.0% | 69.7% | 68.9% | 65.9% | 66.6% | 66.3% | 26.9% | 26.3% | 26.6% | 26.5% | 27.4% | 26.9% |
| United States | 11120.0 | 9367.4 | 20487.4 | 11332.0 | 9616.1 | 20948.2 | 9404.6 | 10424.1 | 19828.7 | 9562.2 | 10572.2 | 20134.4 | 1067.1 | 1051.4 | 2118.4 | 1066.5 | 1281.5 | 2348.1 | 92.7% | 93.3% | 93.0% | 92.2% | 91.9% | 92.0% | 68.0% | 69.1% | 68.6% | 66.6% | 66.8% | 66.7% | 24.6% | 24.2% | 24.4% | 25.6% | 25.1% | 25.3% |
| Rest of North America | 483.8 | 612.7 | 1096.5 | 1114.3 | 1047.9 | 2162.2 | 565.6 | 590.8 | 1156.4 | 957.9 | 1026.6 | 1984.5 | 169.2 | 25.7 | 194.9 | 137.8 | 167.8 | 305.6 | 76.3% | 101.6% | 89.2% | 86.7% | 88.0% | 87.4% | 46.8% | 74.8% | 61.1% | 36.2% | 48.1% | 42.4% | 29.6% | 26.8% | 28.2% | 50.5% | 39.9% | 45.0% |
| North America | 11603.7 | 9980.1 | 21583.9 | 12446.3 | 10664.0 | 23110.3 | 9970.2 | 11014.9 | 20985.1 | 10520.1 | 11598.8 | 22118.9 | 1236.3 | 1077.1 | 2313.3 | 1204.3 | 1449.4 | 2653.7 | 91.7% | 93.7% | 92.8% | 91.7% | 91.5% | 91.6% | 66.8% | 69.4% | 68.2% | 63.8% | 65.1% | 64.5% | 24.9% | 24.4% | 24.6% | 27.8% | 26.4% | 27.1% |
| Australia | 672.8 | 719.2 | 1392.0 | 621.5 | 697.2 | 1318.7 | 660.1 | 701.7 | 1361.8 | 639.0 | 664.4 | 1303.3 | 59.0 | 44.4 | 103.4 | 81.5 | 62.4 | 143.8 | 93.8% | 96.5% | 95.2% | 90.0% | 94.1% | 92.1% | 58.1% | 61.0% | 59.6% | 55.6% | 61.5% | 58.6% | 35.8% | 35.5% | 35.6% | 34.3% | 32.6% | 33.5% |
| Japan | 409.9 | 412.2 | 822.1 | 445.3 | 432.5 | 877.8 | 384.3 | 440.2 | 824.5 | 439.0 | 447.0 | 886.0 | 23.9 | 68.8 | 92.8 | 54.7 | 47.9 | 102.6 | 93.9% | 84.5% | 88.9% | 87.6% | 89.7% | 88.6% | 57.0% | 50.0% | 53.3% | 53.4% | 54.0% | 53.7% | 36.8% | 34.5% | 35.6% | 34.2% | 35.6% | 34.9% |
| Rest of Asia Pacific | 764.6 | 983.9 | 1748.5 | 1043.5 | 1038.8 | 2082.3 | 701.9 | 904.9 | 1606.7 | 926.4 | 991.4 | 1917.8 | 62.3 | 84.4 | 146.8 | 43.8 | 56.0 | 99.9 | 93.5% | 92.7% | 93.1% | 99.0% | 98.0% | 98.5% | 63.2% | 63.1% | 63.2% | 67.0% | 66.8% | 66.9% | 30.3% | 29.6% | 29.9% | 32.0% | 31.2% | 31.6% |
| Asia Pacific | 1847.3 | 2115.3 | 3962.6 | 2110.2 | 2168.5 | 4278.8 | 1746.3 | 2046.8 | 3793.0 | 2004.4 | 2102.8 | 4107.2 | 145.3 | 197.6 | 343.0 | 180.0 | 166.3 | 346.3 | 93.7% | 92.2% | 92.9% | 93.6% | 95.0% | 94.3% | 59.9% | 59.6% | 59.7% | 60.4% | 62.4% | 61.4% | 33.8% | 32.7% | 33.2% | 33.2% | 32.6% | 32.9% |
| Argentina | 278.4 | 303.9 | 582.3 | 287.3 | 265.2 | 552.5 | 224.5 | 264.2 | 488.7 | 268.4 | 239.6 | 508.0 | 26.1 | 6.5 | 32.5 | 22.3 | 12.6 | 34.8 | 118.3% | 106.4% | 111.8% | 99.3% | 99.2% | 99.2% | 76.1% | 67.8% | 71.6% | 62.6% | 59.4% | 61.1% | 42.1% | 38.5% | 40.2% | 36.7% | 39.8% | 38.1% |
| Brazil | 482.5 | 520.4 | 1003.0 | 495.6 | 567.5 | 1063.0 | 450.1 | 446.1 | 896.1 | 448.5 | 506.6 | 955.1 | 35.1 | 34.4 | 69.5 | 32.2 | 37.5 | 69.6 | 97.7% | 98.4% | 98.0% | 97.1% | 99.1% | 98.2% | 41.6% | 43.7% | 42.6% | 43.8% | 45.4% | 44.7% | 56.1% | 54.7% | 55.4% | 53.3% | 53.7% | 53.5% |
| Rest of Latin America | 1003.4 | 917.8 | 1921.2 | 865.9 | 1019.6 | 1885.6 | 898.7 | 878.4 | 1777.1 | 849.6 | 932.7 | 1782.3 | 60.3 | 60.3 | 120.6 | 69.3 | 45.1 | 114.4 | 89.2% | 89.0% | 89.1% | 88.0% | 90.8% | 89.5% | 52.2% | 50.0% | 51.1% | 48.1% | 50.2% | 49.2% | 37.0% | 39.1% | 38.0% | 39.9% | 40.6% | 40.3% |
| Latin America | 1764.3 | 1742.1 | 3506.4 | 1648.8 | 1852.3 | 3501.1 | 1573.3 | 1588.7 | 3161.9 | 1566.5 | 1679.0 | 3245.5 | 121.5 | 101.1 | 222.7 | 123.8 | 95.1 | 218.9 | 95.8% | 94.5% | 95.1% | 92.5% | 94.5% | 93.6% | 52.6% | 51.2% | 51.9% | 49.4% | 50.1% | 49.7% | 43.2% | 43.4% | 43.3% | 43.2% | 44.4% | 43.8% |
| Group Reinsurance | 546.7 | 343.3 | 890.0 | 564.3 | 352.0 | 916.3 | 398.3 | 400.2 | 798.5 | 413.6 | 416.9 | 830.5 | (59.6) | (102.4) | (162.0) | (117.9) | (14.7) | (132.7) | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm |
| Eliminations | (1554.0) | (1380.0) | (2934.0) | (1634.8) | (1456.7) | (3091.5) | (1231.6) | (1366.5) | (2598.1) | (1291.6) | (1429.1) | (2720.7) | (0.0) | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm |
| Total | 25342.3 | 21281.9 | 46624.2 | 27143.7 | 23277.8 | 50421.5 | 21445.8 | 23345.8 | 44791.6 | 23014.1 | 25219.5 | 48233.6 | 2224.2 | 1980.2 | 4204.5 | 2429.0 | 2699.6 | 5128.6 | 93.6% | 94.9% | 94.2% | 92.4% | 92.9% | 92.6% | 64.6% | 66.5% | 65.6% | 62.4% | 63.0% | 62.7% | 28.9% | 28.4% | 28.6% | 30.0% | 29.8% | 29.9% |
P&C by Customer Unit
USD millions (ratios as %) | H1/H2/FY for 2024 and 2025 | Source: Zurich Insurance Group
| Gross written premium | Insurance revenue | Business operating profit | Combined ratio | Loss ratio | Expense ratio | |||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | |||||||||||||||||||||||||
| H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | H1 | H2 | FY-24 | H1 | H2 | FY-25 | |
| Commercial insurance | 16408.4 | 13438.1 | 29846.5 | 16885.9 | 14093.3 | 30979.2 | 13751.8 | 14982.8 | 28734.6 | 14121.4 | 15477.4 | 29598.8 | 1781.4 | 1605.2 | 3386.5 | 1824.1 | 1965.9 | 3790.0 | 91.4% | 93.1% | 92.3% | 90.5% | 91.5% | 91.0% | 66.3% | 68.5% | 67.4% | 64.6% | 66.0% | 65.4% | 25.0% | 24.7% | 24.8% | 25.8% | 25.5% | 25.7% |
| Retail and SME | 8865.2 | 7872.5 | 16737.7 | 10174.7 | 9220.8 | 19395.5 | 7660.6 | 8323.8 | 15984.5 | 8844.8 | 9708.1 | 18552.9 | 502.5 | 477.4 | 979.9 | 722.8 | 748.5 | 1471.3 | 96.4% | 96.5% | 96.5% | 94.1% | 94.6% | 94.4% | 60.9% | 61.8% | 61.3% | 57.7% | 58.4% | 58.1% | 35.6% | 34.7% | 35.1% | 36.3% | 36.3% | 36.3% |
| Group Reinsurance | 546.7 | 343.3 | 890.0 | 564.3 | 352.0 | 916.3 | 398.3 | 400.2 | 798.5 | 413.6 | 416.9 | 830.5 | (59.6) | (102.4) | (162.0) | (117.9) | (14.7) | (132.7) | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm |
| Eliminations | (477.9) | (372.1) | (850.0) | (481.3) | (388.2) | (869.5) | (365.0) | (361.0) | (726.1) | (365.8) | (382.9) | (748.7) | - | - | - | - | - | - | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm | nm |
| Total | 25342.3 | 21281.9 | 46624.2 | 27143.7 | 23277.8 | 50421.5 | 21445.7 | 23345.8 | 44791.5 | 23014.1 | 25219.5 | 48233.6 | 2224.2 | 1980.2 | 4204.5 | 2429.0 | 2699.6 | 5128.6 | 93.6% | 94.9% | 94.2% | 92.4% | 92.9% | 92.6% | 64.6% | 66.5% | 65.6% | 62.4% | 63.0% | 62.7% | 28.9% | 28.4% | 28.6% | 30.0% | 29.8% | 29.9% |