- Zurich Insurance’s property and casualty operating profit reached $4.20 billion, aligning closely with expectations.
- The Farmers segment reported an operating profit of $2.29 billion, outperforming estimates of $2.21 billion.
- The property and casualty combined ratio was 94.2%, slightly higher than the expected 93.9%.
- Property and casualty gross written premiums totaled $46.62 billion.
- Farmers gross written premiums came in at $28.37 billion, just under the expected $28.39 billion.
- Market recommendations include: 4 buys, 15 holds, and 7 sells.
A look at Zurich Insurance Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Zurich Insurance Group is projected to have a promising long-term outlook. With a high Dividend score of 5 and a strong Momentum score of 5, the company shows reliability in providing dividends and strong upward market momentum. Additionally, the Growth score of 4 indicates potential for expansion and development within the company. While the Value and Resilience scores are slightly lower at 3, Zurich Insurance Group still presents a solid overall performance across different factors.
Zurich Insurance Group AG, a provider of insurance-based financial services, caters to a wide range of customers from individuals to multinational corporations. With a strategic focus on delivering both general and life insurance products, the company positions itself as a key player in the insurance industry. The combination of high scores in Dividend and Momentum, along with positive Growth prospects, suggests that Zurich Insurance Group is well-positioned for sustained growth and stability in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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