Zurich Insurance: highest operating results since 2007

27th February 2023
-IAM, News

Olivier Aeschlimann, Senior Financial Analyst

The insurance group published very good figures for the 2022 financial year, with an operating result at its highest since 2007. The 2022 financial year ended the second three-year cycle of the group’s strategy, aimed at transforming Zürich Insurance into a simpler, more innovative, and customer-centric organization. According to the CEO, Mario Greco, the financial objectives set have been exceeded and the group has demonstrated its agility and ability to execute the strategy in a particularly difficult environment characterized by high volatility. The company therefore begins 2023 with a very strong capital position, a solvency ratio of 265%. The combined ratio of the “Property &Casualty” segment was at 94.3%, driven by the continued improvement in margins. These good results have led management to propose a 9% dividend increase for 2023.