Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on ZURICH INSURANCE GROUP AG. We currently have 13 research reports from 2 professional analysts.
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ZURICH INSURANCE GROUP AG
ZURICH INSURANCE GROUP AG
New payout ratio target of 75%
17 Nov 16
Today is Investor Day 2016. Zurich released therefore new targets for the three years 2017 to 2019: • A business operating profit after tax return on equity (BOPAT ROE) in excess of 12% from 2017, growing over the period. • $1.5bn in net savings by 2019 compared to the 2015 baseline. • Cash remittances in excess of $9.5bn. • A Zurich Economic Capital Model (Z-ECM) ratio of 100% – 120%, unchanged from the previous financial targets. • A new dividend policy with a target payout ratio of around 75% of net income after tax attributable to shareholders (NIAS). A dividend proposal to shareholders of CHF17 a share will be maintained while growing towards the target payout range.
Recovered Q3 net profit beats expectations
10 Nov 16
Net income attributable to shareholders made a jump to $912m for Q3 16 compared to $207m for Q3 15. Gross written premiums were down by 4% to $11.1bn for Q3 16 compared to the same period last year. The net investment result on group investments rose by 3% to $1.7bn for Q3 16. Insurance claims declined by 10% to $7.85bn in Q3 16. Pre-tax profit more than tripled from $453m for Q3 15 to $1.52bn for Q3 16. The tax ratio was down from 39% for Q3 15 to 35% for Q3 16. Net income attributable to shareholders increased by 11.5% to $2.53bn for 9M 16 compared to 9M 15. The non-life combined ratio improved from 101.9% for 9M 15 to 98.4% for 9M 16. Shareholders’ equity increased by 4% at the end of September 2016 versus end 2015. The Swiss Solvency ratio was 189% at 1 January 2016.
Recovered Q2 net profit beats expectations
11 Aug 16
Net income attributable to shareholders decreased by 12% to $739m for Q2 16 compared to Q2 15. Gross written premiums were up by 10% to $13.0bn for Q2 16 compared to the same period last year. The net investment result on group investments rose by 2% to $1.9bn for Q2 16, a RoI of 1.0% (not annualised) after 0.9% for Q2 15. Insurance claims were up by 47% to $8.1bn in Q2 16. Pre-tax profit rose by 16% to $1.27bn for Q2 16 compared to the same period last year. The tax ratio was up from 17% for Q2 15 to 34% for Q2 16. The non-life combined ratio was stable at 98.4% for H1 16 compared to H1 15. Shareholders’ equity increased by 1% at the end of June 2016 versus end 2015. RoE was 11.1% for Q2 16 compared to 12.0% for Q2 15. The Swiss Solvency ratio was 189% at 1 January 2016.
Mario Greco reshapes management and structure
10 Jun 16
Zurich announced today that it “has begun a process to reshape and simplify the Group to create a framework for enhanced future success. Over the coming months, the business will move to a simpler, more customer-oriented structure, reducing complexity, creating greater accountability and empowering teams to deliver products and services in a differentiated way. The new structure is the acceleration and globalization of work already underway in key markets like Switzerland, Germany and Italy, combining life and non-life under one leadership team and applying a unified go-to-market approach. Decisive action on reshaping the business over the coming months will create the platform on which Zurich will build its longer-term profitability strategy.” “Zurich will be organized in a customer-oriented structure in which the heads of regions (North America; Europe, Middle East and Africa; Latin America; Asia Pacific), Global Corporate, Farmers and Investment Management will report to the Group CEO. Zurich is also creating the new role of Chief Operating Officer. The new responsibility will also enhance our ability to manage costs throughout the whole organization.” The executive committee of Zurich is going to decrease from 11 to 8 members from July 2016 onwards.
Good start to 2016 despite weaker yoy results
12 May 16
Net income attributable to shareholders decreased by 28% to $875m for Q1 16 compared to Q1 15. Gross written premiums were down by 7% to $12.8bn for Q1 16 compared to the same period last year. The net investment result on group investments declined by 20% to $1.5bn for Q1 16, a RoI of 0.9% (not annualised) after 1.0% for Q1 15. Insurance claims were down by 4% to $7.6bn in Q1 16. The non-life combined ratio rose from 96.7% for Q1 15 to 97.7% for Q1 16 but declined compared to 103.6% for FY2015. Shareholders’ equity decreased by 1% in Q1 16 versus end 2015 due to the dividend payment which was recognised in Q1 16 by the early AGM at the end of March. RoE was 11.3% for Q1 16 compared to 13.0% for Q1 15. The Swiss Solvency ratio was 189% at 1 January 2016.
N+1 Singer - Best Ideas 2017 - Top picks
04 Jan 17
Today we publish our Best Ideas for 2017 - 12 stocks that we believe have excellent prospects in the current year together with a detailed discussion of what we see as the key sector and market themes for 2017. Our top picks are Cineworld, Elementis, Herald Investment Trust, Hill & Smith, IQE, MySale, Redde, ReNeuron, RhythmOne, SDL, Servelec and Severfield.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
11 Jan 17
Joules Group (JOU): Strong festive trading (BUY) | Shoe Zone (SHOE): Tough FY16 could be just the beginning (HOLD) | H&T (HAT): Alternative lender emerging (BUY) | Omega Diagnostics* (ODX): ISO accreditation received for Pune, India (CORP) | Redcentric* (RCN): Interims – restoring forecasts (CORP)
Small Cap Breakfast
17 Jan 17
Global Energy Development (GED.L) — To be renamed Nautilus Marine Services. Schedule 1 from developer and seller of hydrocarbons and related products. Reverse takeover. Raising $10.5m via a convertible. Expected 9 Feb. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January.
Making Mobiles Better
17 Jan 17
Mobile phones are increasingly the key connection for the modern world. This means that the performance of mobile phones, and their networks, is going to become more critical for all the apps and businesses that rely on them. New technologies such as VR, AR, and AV will need better, more reliable connections to really move into the mainstream. In this thematic piece we attempt to identify some of the most important issues facing mobile phone networks and their users, and start to identify solutions and enablers that will solve these problems and create value by doing so.