Zurich Insurance Group has announced robust financial results for the fiscal year 2025, with net profit attributable to shareholders rising by 17% to USD 6.8 billion. The performance reflects the company’s disciplined management across both its Property & Casualty (P&C) and Life segments.
Earnings per share (EPS) reached USD 45.13, up 13% from the previous year, underpinned by high profitability and efficient capital management. The group highlighted that disciplined underwriting, favourable claims experience, and stringent cost control were key drivers behind the sustained growth of its core businesses.
Property & Casualty Segment Performance
The P&C segment delivered a Business Operating Profit (BOP) of USD 5.1 billion, marking a 22% increase year-on-year. The combined ratio improved to 92.6%, demonstrating enhanced underwriting efficiency. Gross Written Premiums (GWP) exceeded USD 50 billion, reflecting a 5% growth on a comparable basis. These results underline the segment’s ability to balance profitable growth with disciplined risk management.
Life Segment Highlights
The Life segment reported a BOP of USD 2.3 billion, representing a 2% year-on-year increase. Excluding one-off items from the previous year, underlying growth was 10%, indicating stable demand for life insurance products. Life GWP rose by 7% on a comparable basis, while the Contractual Service Margin (CSM) reached record levels, reinforcing a strong balance sheet and providing assurance for future profitability.
Key Financial Metrics – 2025
| Indicator | 2025 | Year-on-Year Change |
|---|---|---|
| Net Profit (Shareholders) | USD 6.8 bn | +17% |
| Earnings Per Share | USD 45.13 | +13% |
| P&C BOP | USD 5.1 bn | +22% |
| P&C Combined Ratio | 92.6% | Improved |
| P&C GWP | >USD 50 bn | +5% |
| Life BOP | USD 2.3 bn | +2% (10% underlying) |
| Life GWP | – | +7% |
| Life CSM | Record | – |
Zurich Insurance’s leadership described the 2025 results as a reflection of disciplined underwriting, strategic growth initiatives, and commitment to long-term shareholder value. The group also emphasised that the results position it strongly for expansion in both mature and emerging markets, particularly as global economic conditions stabilise.
Overall, the 2025 financial performance highlights Zurich Insurance Group’s resilience, operational excellence, and capacity to capitalise on growth opportunities across its diversified insurance portfolio. The results underscore the company’s strategic approach to balancing profitability, risk management, and sustainable growth.