- 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 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 Liès | Chairman of the Board of Directors |
Christoph Franz | Vice-Chairman of the Board of Directors |
Mario Greco | Chief Executive Officer (CEO) |
George Quinn | Chief Financial Officer (CFO) |
Peter Giger | Chief Risk Officer (CRO) |
Urban Angehrn | Chief Investment Officer (CIO) |
Ericson Chan | IT Manager |
Sierra Signorelli | Marketing Manager, insurance |
Alison Martin | EMEA Area Manager |
Shareholding as at 31/12/2020
Individual shareholders | 26.40% |
Legal entities | 30.30% |
Others | 43.30% |
Zurich Insurance Group : main technical highlights
Figures in millions USDHighlights | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Gross written premiums | 48 208 | 46 685 | 47 038 | 48 056 | 48 221 |
Gross non-life written premiums | 33 122 | 33 024 | 33 505 | 34 184 | 35 518 |
Gross life written premiums | 12 851 | 12 034 | 12 662 | 13 038 | 11 980 |
Other activities | 2 235 | 1 627 | 871 | 834 | 723 |
Net written premiums | 42 772 | 41 136 | 41 230 | 41 251 | 40 567 |
Net non-life written premiums | 26 108 | 26 532 | 26 465 | 26 362 | 26 918 |
Net earned premiums | 42 622 | 41 057 | 41 007 | 40 302 | 39 944 |
Net non-life earned premiums | 26 102 | 26 033 | 26 431 | 25 608 | 26 396 |
Net incurred losses | 30 441 | 28 643 | 27 646 | 27 570 | 27 741 |
Net non-life incurred losses | 17 346 | 17 996 | 17 291 | 16 475 | 17 536 |
Management expenses | 16 016 | 16 251 | 16 326 | 16 549 | 16 561 |
Non-life management expenses | 8 643 | 8 658 | 9 128 | 8 510 | 8 735 |
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 | 3 478 | 3 309 | 3 977 | 4 384 | 4 071 |
(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 [4]
Zurich Insurance Group : turnover per class of business
Figures in millions USDClasses of business | 2016 | 2017 | 2018 | 2019 | 2020 | 2020 shares |
---|---|---|---|---|---|---|
Property damage | 7 973 | 7 745 | 10 142 | 11 027 | 12 237 | 25.38% |
Motor | 7 785 | 7 681 | 7 563 | 7 222 | 7 409 | 15.37% |
Special risks | 7 023 | 7 405 | 6 249 | 6 236 | 5 686 | 11.79% |
Third party liability | 5 641 | 5 443 | 4 957 | 5 110 | 5 612 | 11.64% |
Workmen's compensation | 3 347 | 3 408 | 3 228 | 3 158 | 2 981 | 6.18% |
Acceptances | 1 353 | 1 342 | 1 366 | 1 431 | 1 593 | 3.30% |
Total non-life | 33 122 | 33 024 | 33 505 | 34 184 | 35 518 | 73.66% |
Life | 12 851 | 12 034 | 12 662 | 13 038 | 11 980 | 24.84% |
Other activities | 2 235 | 1 627 | 871 | 834 | 723 | 1.50% |
Grand total | 48 208 | 46 685 | 47 038 | 48 056 | 48 221 | 100% |
Zurich Insurance Group : non-life turnover breakdown per region
Figures in millions USDRegions | 2016 | 2017 | 2018 | 2019 | 2020 | 2020 shares |
---|---|---|---|---|---|---|
North America | 15 167 | 15 137 | 14 716 | 15 223 | 16 036 | 45.15% |
Europe. Middle East. Africa | 14 688 | 14 075 | 14 600 | 14 558 | 15 839 | 44.59% |
Asia-Pacific | 2 269 | 2 405 | 2 858 | 3 030 | 2 926 | 8.24% |
Latin America | 2 329 | 2 639 | 2 704 | 2 871 | 2 299 | 6.47% |
Reinsurance | 240 | 214 | 364 | 593 | 597 | 1.68% |
Readjustment | -1 571 | -1 446 | -1 737 | -2 091 | -2 179 | -6.13% |
Total non-life | 33 122 | 33 024 | 33 505 | 34 184 | 35 518 | 100% |
Zurich Insurance Group : life turnover breakdown per region
Figures in millions USDRegions | 2016 | 2017 | 2018 | 2019 | 2020 | 2020 shares |
---|---|---|---|---|---|---|
Europe. Middle East. Africa | 9 911 | 8 364 | 8 509 | 8 025 | 7 420 | 61.94% |
Asia-Pacific | 697 | 931 | 1 249 | 1 892 | 2 242 | 18.71% |
Latin America | 2 208 | 2 690 | 2 831 | 3 009 | 2 193 | 18.31% |
North America | 49 | 58 | 80 | 122 | 137 | 1.14% |
Reinsurance | - | 7 | 20 | 28 | 33 | 0.28% |
Readjustment | -14 | -16 | -27 | -38 | -45 | -0.38% |
Total life | 12 851 | 12 034 | 12 662 | 13 038 | 11 980 | 100% |
Zurich Insurance Group : net non-life written premiums per region
Figures in millions USDRegions | 2016 | 2017 | 2018 | 2019 | 2020 | 2019-2020 evolution |
---|---|---|---|---|---|---|
North America | 10 008 | 10 588 | 9 728 | 9 672 | 10 066 | 4.07% |
Europe. Middle East. Africa | 12 600 | 11 866 | 12 211 | 11 818 | 12 730 | 7.72% |
Asia-Pacific | 1 884 | 2 013 | 2 372 | 2 525 | 2 359 | -6.57% |
Latin America | 1 868 | 2 220 | 2 237 | 2 289 | 1 734 | -24.25% |
Reinsurance | -252 | -155 | -83 | 58 | 29 | -50% |
Total non-life | 26 108 | 26 532 | 26 465 | 26 362 | 26 918 | 2.11% |
Zurich Insurance Group : net non-life earned premiums per region
Figures in millions USDRégions | 2016 | 2017 | 2018 | 2019 | 2020 | 2019-2020 evolution |
---|---|---|---|---|---|---|
North America | 10 019 | 10 456 | 10 005 | 9 556 | 9 816 | 2.72% |
Europe. Middle East. Africa | 12 779 | 11 865 | 12 086 | 11 491 | 12 343 | 7.41% |
Asia-Pacific | 1 884 | 1 912 | 2 250 | 2 449 | 2 439 | -0.41% |
Latin America | 1 644 | 1 933 | 2 145 | 2 157 | 1 771 | -17.90% |
Reinsurance | -224 | -133 | -55 | -45 | 27 | -160% |
Total non-life | 26 102 | 26 033 | 26 431 | 25 608 | 26 396 | 3.08% |
Zurich Insurance Group : net non life incurred losses per region: 2016-2020
Figures in millions USDRégions | 2016 | 2017 | 2018 | 2019 | 2020 | 2019-2020 evolution |
---|---|---|---|---|---|---|
North America | 6 947 | 7 917 | 7 109 | 6 555 | 6 761 | 3.14% |
Europe. Middle East. Africa | 8 603 | 8 478 | 7 884 | 7 438 | 8 298 | 11.56% |
Asia-Pacific | 964 | 1 055 | 1 304 | 1 358 | 1 476 | 8.69% |
Latin America | 739 | 805 | 960 | 840 | 641 | -23.69% |
Reinsurance | 93 | -259 | 34 | 284 | 360 | 26.76% |
Total non-life | 17 346 | 17 996 | 17 291 | 16 475 | 17 536 | 6.44% |
Zurich Insurance Group : non-life management expenses per region
Figures in millions USDRégions | 2016 | 2017 | 2018 | 2019 | 2020 | 2019-2020 evolution |
---|---|---|---|---|---|---|
North America | 2 870 | 2 817 | 2 833 | 2 604 | 2 769 | 6.34% |
Europe. Middle East. Africa | 4 230 | 3 916 | 4 056 | 3 626 | 3 873 | 6.81% |
Asia-Pacific | 705 | 844 | 1 043 | 1 020 | 1 088 | 6.67% |
Latin America | 818 | 1 055 | 1 155 | 1 264 | 979 | -22.55% |
Reinsurance | 29 | 29 | 41 | -4 | 26 | -750% |
Réajustement | -9 | -3 | - | - | - | - |
Total non-life | 8 643 | 8 658 | 9 128 | 8 510 | 8 735 | 2.64% |
Zurich Insurance Group : net non-life loss ratio per region
Régions | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
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-life | 66.45% | 69.13% | 65.42% | 64.34% | 66.43% |
Zurich Insurance Group : net non-life management expenses ratio per region
Régions | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
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-life | 33.10% | 32.63% | 34.49% | 32.28% | 32.45% |
Zurich Insurance Group : net non-life combined ratios per region
Régions | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
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-life | 99.55% | 101.76% | 99.91% | 96.62% | 98.88% |
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 |
media [at] zurich [dot] com | |
Website | www.zurich.com [5] |