Zurich Insurance Group (ZURN) posted solid results in the first quarter of 2025:
- P&C division: Revenues increased by 5% to USD 10.78 billion, supported by premium increases and strong profitability in the Commercial segment. (Nasdaq)
- Life InsuranceGross written premiums and deposits increased by 18% to USD 9.36 billion, driven by capital-efficient savings and protection products. (Nasdaq)
- Farmer's ExchangesGross written premiums increased by 5% to USD 7.4 billion, supported by new business and increased customer retention. (Nasdaq)
- Natural catastrophesThe combined ratio was impacted by higher natural catastrophe losses, in particular the wildfires in California. (Reuters)
- Capital strength: The Swiss Solvency Test (SST) ratio was 256%, underlining the company's strong capital position. (Zurich Insurance Group)
Overall, despite the challenges posed by natural catastrophes, Zurich delivered a robust performance with growth in all business segments.
Comment by FuW:
In property and casualty insurance, Zurich generated gross premiums of $13.3 billion in the first quarter. Insurance sales amounted to 10.8 billion dollars. Both figures are 5% higher than in the same period last year. New life insurance business increased by 27% year-on-year to $5.08 billion. Premium income at US partner Farmers also grew by 5% to USD 7.4 billion.
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