Zurich Insurance Group has reported net income attributable to shareholders after tax of $3.06bn (SFr2.47bn) for the first half of 2025 (H1 2025), a 1% increase from $3.02bn in the same period last year.
For the half year ended 30 June 2025, the company also reported a 6% rise in group business operating profit (BoP) to $4.2bn.
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The insurer’s diluted earnings per share saw a marginal decrease of 0.68% to SFr18.37.
The property and casualty (P&C) division’s BoP grew by 9% to $2.4bn for H1, fuelled by enhanced insurance revenue and technical results.
The division’s gross written premium (GWP) and policy fees increased by 7% to $27.14bn.
This increase in GWP is attributed to currency fluctuations and the integration of previously acquired businesses, namely the AIG global personal travel insurance and assistance business and the Zurich Kotak General Insurance business.
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By GlobalDataThe P&C segment’s insurance revenue saw a 7% climb to $23.01bn from the prior year’s $21.4bn in H1 2025.
The Life segment’s H1 BoP experienced a slight dip of 2%, although it managed to sustain the prior year’s high, with gross premiums and deposits in the segment witnessing 12% growth to $18.2bn.
Revenue from Life insurance short-term contracts edged up by 1% to $1.37bn.
The Farmers Exchanges, which are under policyholder ownership, achieved a 5% increase in GWP to $15.01bn for H1 2025, propelled by new business acquisition and improved retention.
The Farmers segment also reported its half-year BOP, with a 4% rise to $1.2bn.
The H1 net investment result on Group investments fell by 10% to $3.04bn.
Zurich Group CEO Mario Greco said: “I am proud of these outstanding results, which reinforce the strength of our underwriting discipline and operational execution. This performance underscores our ability to effectively manage our diversified portfolio, strong capital position and high cash conversion to deliver continued industry-leading value to our shareholders, even in a volatile market environment.”
In July 2025, Zurich Canada realigned its operations, focusing on four key customer segments: National, Middle Market, SME and Retail.
