Zurich Insurance Group

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Zurich Insurance Group
  • Creation date: 1872 in Zurich, Switzerland
  • Classes of business: Life and non-life
  • Rating:
    - A.M. Best : A+ / Stable
    - Standard & Poor’s : AA / Stable
    - Moody's : Aa3 / Stable
  • Presence: in over 215 countries
  • Number of employees: 55 089

Zurich Insurance Group in 2020

Michel M. Liès
Mario Greco
Michel M. Liès
Chairman of the Board of Directors
Mario Greco
Group CEO
Share capital*
1 449 million USD
Turnover
48 221 million USD
Total assets
439 299 million USD
Shareholder’s equity
38 278 million USD
Net result
4 071 million USD
Net non-life loss ratio
66.43%
Net non-life management expenses ratio
32.45%
Net non-life combined ratio
98.88%

* Including additional paid-in capital

Management

Michel LièsChairman of the Board of Directors
Christoph FranzVice-Chairman of the Board of Directors
Mario GrecoChief Executive Officer (CEO)
George QuinnChief Financial Officer (CFO)
Peter GigerChief Risk Officer (CRO)
Urban AngehrnChief Investment Officer (CIO)
Ericson ChanIT Manager
Sierra SignorelliMarketing Manager, insurance
Alison MartinEMEA Area Manager

Shareholding as at 31/12/2020

Individual shareholders26.40%
Legal entities30.30%
Others43.30%

Zurich Insurance Group : main technical highlights

Figures in millions USD
Highlights20162017201820192020
Gross written premiums
48 20846 68547 03848 05648 221
Gross non-life written premiums
33 12233 02433 50534 18435 518
Gross life written premiums
12 85112 03412 66213 03811 980
Other activities
2 2351 627871834723
Net written premiums
42 77241 13641 23041 25140 567
Net non-life written premiums
26 10826 53226 46526 36226 918
Net earned premiums
42 62241 05741 00740 30239 944
Net non-life earned premiums
26 10226 03326 43125 60826 396
Net incurred losses
30 44128 64327 64627 57027 741
Net non-life incurred losses
17 34617 99617 29116 47517 536
Management expenses
16 01616 25116 32616 54916 561
Non-life management expenses
8 6438 6589 1288 5108 735
Net non-life loss ratio (1)
66.45%69.13%65.42%64.34%66.43%
Net non-life management expenses ratio (2)
33.10%32.63%34.49%32.28%32.45%
Net non-life combined ratio (3)
99.55%101.76%99.91%96.62%98.88%
Net result after taxes
3 4783 3093 9774 3844 071

(1) Net non-life loss ratio = net non-life incurred losses / net non-life earned premiums
(2) Net non-life management expenses ratio = non-life management expenses / written premiums net of non-life reinsurance
(3) Net non-life combined ratio = net non-life loss ratio + net non-life management expenses ratio

Read also | Zurich Insurance: 2021 results

Zurich Insurance Group : turnover per class of business

Figures in millions USD
Classes of business201620172018201920202020 shares
Property damage
7 9737 74510 14211 02712 23725.38%
Motor
7 7857 6817 5637 2227 40915.37%
Special risks
7 0237 4056 2496 2365 68611.79%
Third party liability
5 6415 4434 9575 1105 61211.64%
Workmen's compensation
3 3473 4083 2283 1582 9816.18%
Acceptances
1 3531 3421 3661 4311 5933.30%
Total non-life33 12233 02433 50534 18435 51873.66%
Life
12 85112 03412 66213 03811 98024.84%
Other activities
2 2351 6278718347231.50%
Grand total48 20846 68547 03848 05648 221100%

Zurich Insurance Group : non-life turnover breakdown per region

Figures in millions USD
Regions201620172018201920202020 shares
North America
15 16715 13714 71615 22316 03645.15%
Europe. Middle East. Africa
14 68814 07514 60014 55815 83944.59%
Asia-Pacific
2 2692 4052 8583 0302 9268.24%
Latin America
2 3292 6392 7042 8712 2996.47%
Reinsurance
2402143645935971.68%
Readjustment
-1 571-1 446-1 737-2 091-2 179-6.13%
Total non-life33 12233 02433 50534 18435 518100%

Zurich Insurance Group : life turnover breakdown per region

Figures in millions USD
Regions201620172018201920202020 shares
Europe. Middle East. Africa
9 9118 3648 5098 0257 42061.94%
Asia-Pacific
6979311 2491 8922 24218.71%
Latin America
2 2082 6902 8313 0092 19318.31%
North America
4958801221371.14%
Reinsurance
-72028330.28%
Readjustment
-14-16-27-38-45-0.38%
Total life12 85112 03412 66213 03811 980100%

Zurich Insurance Group : net non-life written premiums per region

Figures in millions USD
Regions201620172018201920202019-2020
evolution
North America
10 00810 5889 7289 67210 0664.07%
Europe. Middle East. Africa
12 60011 86612 21111 81812 7307.72%
Asia-Pacific
1 8842 0132 3722 5252 359-6.57%
Latin America
1 8682 2202 2372 2891 734-24.25%
Reinsurance
-252-155-835829-50%
Total non-life26 10826 53226 46526 36226 9182.11%

Zurich Insurance Group : net non-life earned premiums per region

Figures in millions USD
Régions201620172018201920202019-2020
evolution
North America
10 01910 45610 0059 5569 8162.72%
Europe. Middle East. Africa
12 77911 86512 08611 49112 3437.41%
Asia-Pacific
1 8841 9122 2502 4492 439-0.41%
Latin America
1 6441 9332 1452 1571 771-17.90%
Reinsurance
-224-133-55-4527-160%
Total non-life26 10226 03326 43125 60826 3963.08%

Zurich Insurance Group : net non life incurred losses per region: 2016-2020

Figures in millions USD
Régions201620172018201920202019-2020
evolution
North America
6 9477 9177 1096 5556 7613.14%
Europe. Middle East. Africa
8 6038 4787 8847 4388 29811.56%
Asia-Pacific
9641 0551 3041 3581 4768.69%
Latin America
739805960840641-23.69%
Reinsurance
93-2593428436026.76%
Total non-life17 34617 99617 29116 47517 5366.44%

Zurich Insurance Group : non-life management expenses per region

Figures in millions USD
Régions201620172018201920202019-2020
evolution
North America
2 8702 8172 8332 6042 7696.34%
Europe. Middle East. Africa
4 2303 9164 0563 6263 8736.81%
Asia-Pacific
7058441 0431 0201 0886.67%
Latin America
8181 0551 1551 264979-22.55%
Reinsurance
292941-426-750%
Réajustement
-9-3----
Total non-life8 6438 6589 1288 5108 7352.64%

Zurich Insurance Group : net non-life loss ratio per region

Régions20162017201820192020
North America
69.34%75.72%71.05%68.60%68.88%
Europe. Moyen-Orient. Afrique
67.32%71.45%65.23%64.73%67.23%
Asia-Pacific
51.17%55.18%57.96%55.45%60.52%
Latin America
44.95%41.65%44.76%38.94%36.19%
Reinsurance 
-41.52%194.74%-61.82%-631.11%1333.33%
Total non-life66.45%69.13%65.42%64.34%66.43%

Zurich Insurance Group : net non-life management expenses ratio per region

Régions20162017201820192020
North America
28.68%26.61%29.12%26.92%27.51%
Europe. Middle East. Africa
33.57%33.00%33.22%30.68%30.42%
Asia-Pacific
37.42%41.93%43.97%40.40%46.12%
Latin America
43.79%47.52%51.63%55.22%56.46%
Reinsurance
-11.51%-18.71%-49.40%-6.90%89.66%
Total non-life33.10%32.63%34.49%32.28%32.45%

Zurich Insurance Group : net non-life combined ratios per region

Régions20162017201820192020
North America
98.02%102.33%100.17%95.52%96.39%
Europe. Middle East. Africa
100.89%104.45%98.45%95.41%97.65%
Asia-Pacific
88.59%97.11%101.93%95.85%106.64%
Latin America
88.74%89.17%96.39%94.16%92.65%
Reinsurance
-53.03%176.03%-111.22%-638.01%1422.99%
Total non-life99.55%101.76%99.91%96.62%98.88%
Zurich Insurance Group

Zurich Insurance Group : Contact


Head Office
Corporate Center Austrasse 46, 8045 Zurich, Switzerland
Phone
+41 44 625 25 25 / +41 44 625 21 00
Fax
+41 44 625 35 55
E-mail
media [at] zurich [dot] com
Website
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Wed, 05/05/2021 - 13:23
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