Zurich Insurance set to sustain strong earnings despite pressures
It achieved its 2023 to 2025 targets early and set new goals through 2027.
Zurich Insurance Group is expected to maintain strong earnings and capital despite tougher pricing and global uncertainties, Moody’s Ratings said.
Zurich achieved its 2023 to 2025 targets early and set new goals through 2027, including sustaining core return on equity above 23% after reporting 24.6% in 2024.
In the first half of the year, business operating profit rose 5% to $4.2b, with annualised core ROE at 26.3%.
Moody’s said Zurich’s diversified earnings and strong commercial P&C and fee-based life businesses position it to manage macroeconomic and pricing pressures whilst pursuing growth in middle market and specialty commercial lines and global life protection.