Zurich Insurance wants to reveal its next financial ambitions

(Keystone-ATS) The insurer Zurich Insurance wants to present its next financial objectives for the period 2025 to 2027 in November, after having repeated that it can exceed those of the previous cycle.

The Zurich group “is on track to exceed all its current objectives” set for the period from 2023 to 2025. He also estimated that “the evolution of the market still presents attractive opportunities” which the insurer intends to seize, said he indicated in a press release published Thursday.

Future financial objectives will be revealed on November 21, during the investor day which will be organized by the group in London.

At the beginning of August, management said it expected growth of more than 10% in earnings per share for the period 2023 to 2025. Growth of around 5% in revenue is anticipated in general insurance and in the Farmers unit, as well as operating profit in life insurance at least as high as in 2023. The insurer then estimated be able to “exceed” all of your financial objectives.

Shareholder remuneration anticipates a payout rate of 75% of net profit in the form of dividends, in addition to the 1.1 billion francs share buyback program launched in February.