Zurich Insurance Group: 2024 results

Zurich Insurance Group closed the 2024 financial year with a 34% increase in net profit to 5.814 billion USD.

The group's operating result was up by 5% over one year reaching 7.751 billion USD.

The non-life (P&C) segment reported a 5% increase in written premiums which reached 46.624 billion USD at end-December 2024. Insurance Revenue stood at 44.792 billion USD, reflecting a 6% progression compared to the same period in 2023. The P&C combined ratio improved slightly by 0.2 points to 94.2%.

The life business posted a turnover of 33.061 billion USD, climbing by 3% over twelve months.

During the reporting period, the company's shareholders' equity amounted to 25.472 billion USD.

The Group's solvency ratio currently stands at 252%.

The insurer is expecting pre-tax losses totalling 200 million USD as a result of the Los Angeles fires.

Zurich Insurance is proposing a dividend of 28 CHF (31 USD) per share for the 2024 financial year.