Zurich Insurance Group Ltd. ADR (ZURVY)
OTCQX OTCQX Primary Summary
Zurich Insurance: Solid Results, De-Risked Outlook, And Scope For A Larger Buyback
Zurich Insurance Group's Q3 update shows solid premium growth, especially in Life & Health and Farmers divisions. We now have supportive evidence that ZURVY improved its cost management on lower Nat-cat losses. Zurich's financial strength is highlighted by a 257% Solvency II ratio and potential for higher shareholders' remuneration. Guidance remains intact, and so does our valuation. Buy confirmed.
Zurich Insurance: Income Remains The Most Attractive Feature Of Its Investment Case
Zurich Insurance remains a quality European insurer with strong capitalization and a 5.2% forward dividend yield, but limited upside potential. ZURVY's operational performance is solid, with growth in gross premiums and record profits in core segments, yet bottom-line growth is muted. The company's premium valuation, conservative capital return policy, and modest growth targets justify a 'Hold' rating despite attractive income.
Zurich Insurance: Strong Execution With Positive Farmers Growth Ahead
Zurich Insurance delivered record H1 results, with sector-leading EBIT, ROE, and broad-based profit growth across all divisions, validating our buy thesis. Our investment thesis is supported by rising individual risk aversion and robust capital allocation. With a 10% total return outlook and continued EPS momentum, ZURVY remains a top pick for growth and yield in the insurance sector.
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Zurich Insurance Group Ltd. ADR Profile
| Insurance Industry | Financials Sector | Mr. Mario Greco CEO | OTCQX Exchange | US9898251049 ISIN |
| CH Country | 60,000 Employees | 12 Apr 2024 Last Dividend | - Last Split | - IPO Date |
Overview
Zurich Insurance Group AG is a global insurer headquartered in Zurich, Switzerland, with operations spanning Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. Founded in 1872, the company delivers a wide range of insurance products and related services through its comprehensive segments, including Property & Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses. Catering to individuals, small and medium-sized businesses, as well as multinational corporations, Zurich Insurance Group AG distributes its products primarily through agents, brokers, and bank channels, aiming to meet the diverse needs of its clientele with a focus on offering tailored insurance solutions.
Products and Services
Zurich Insurance Group AG provides a broad spectrum of insurance products and related services, encompassing:
- Motor and Home Insurance: Offers coverage for cars, homes, and personal travel, addressing the common needs for asset protection among individuals.
- General Liability and Critical Illness Insurance: Protects against the financial implications of legal claims and critical health conditions, offering peace of mind and support during challenging times.
- Life Insurance: Offers financial security to beneficiaries in the event of the policyholder's death, including savings and investment products, and pension and retirement planning solutions for long-term financial wellbeing.
- Commercial Insurance: Includes property, casualty, energy and engineering lines, marine coverage, and specialized products like commercial management liability, financial institutions, professional indemnity, as well as cyber, accident and health, and credit lines and surety for businesses of various sizes.
- Non-Claims and Ancillary Services for Farmers Exchanges: Provides a range of services beyond traditional claims to support the agricultural sector, enhancing the resilience and operational efficiency of farming businesses.
- Employee Benefit Insurance: Offers products that cater to the needs of employees, including health and welfare benefits, contributing to the attractiveness of employers and the overall wellbeing of workforces.
- Climate Resilience and Risk Engineering Services: Delivers expertise on managing climate-related risks and leveraging engineering insights to mitigate potential losses, crucial in an era of increasing environmental challenges.
- Cyber Resilience Services: Provides comprehensive solutions to protect businesses against the growing threat of cyber incidents, offering a blend of insurance coverage and proactive risk management to enhance digital security.
Through this diverse portfolio, Zurich Insurance Group AG aims to address the evolving risks faced by its clients, offering tailored solutions that span from personal insurance needs to complex corporate risk management strategies.
Contact Information
