Zurich Insurance Earnings Rise on Growth Across Business Lines

By Elena Vardon

Zurich Insurance said it delivered record annual earnings across all of its businesses, putting it on the path to meet or surpass its mid-term targets.

The Swiss insurer on Thursday posted a 17% rise in net profit for 2025 to $6.80 billion, against a $6.53 billion estimate taken from a company-compiled consensus.

Business operating profit--a closely watched metric by analysts and investors--was $8.86 billion, up 14% on year and ahead of consensus' $8.76 billion.

Its property and casualty combined operating ratio--a measure of underwriting profitability--reached 92.6%, roughly in line with expectations. Gross written premiums grew 5% to $50.42 billion, it said.

The group also reported a rise in key metrics at its life unit and at its wholly owned U.S.-based Farmers Group subsidiary.

"These record results...indicate that we are well on track to achieve or even exceed our 2027 targets, and position us well to capture future growth opportunities," Chief Executive Mario Greco said.

Zurich's Swiss solvency test ratio--a measurement of capital strength--had improved to 259% by the end of the period and compares with consensus' expectation of a 260% ratio.

The board proposed a dividend of 30 Swiss francs ($38.80) per share, up 7% compared to a year prior.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

February 19, 2026 01:27 ET (06:27 GMT)