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Zurich Insurance Group AG
XMUN:ZFIN

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Zurich Insurance Group AG Logo
Zurich Insurance Group AG
XMUN:ZFIN
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Price: 608.8 EUR -1.2%
Market Cap: €89.1B

Zurich Insurance Group AG
Investor Relations

Zurich Insurance Group is a global insurer that sells protection for people, businesses, and large institutions. It writes property and casualty insurance, life insurance, and other risk-transfer products that help customers cover losses from accidents, damage, liability claims, illness, and death. Its main customers include individuals, small and midsize companies, multinational corporations, and public-sector clients. The company makes money by collecting insurance premiums and investing the cash it holds before claims are paid. It also earns fees from services tied to insurance programs, such as risk management and claims handling. Like other insurers, its business depends on pricing risk carefully, spreading that risk across a large pool of policyholders, and paying claims from the pool of premiums it collects. Zurich sits in the middle of the insurance value chain as both a risk carrier and a service provider. It works through agents, brokers, direct sales, and business partnerships, which helps it reach many customer types in different countries. That mix of personal insurance, commercial insurance, and life coverage gives the company a broad, stable role in the market: it helps clients protect assets, income, and operations when unexpected losses happen.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 13, 2026
AI Summary
Q1 2026

Strong start: Zurich said it began 2026 with strong, high-quality growth across targeted businesses, especially Specialty, Middle Market and Life Protection.

P&C growth: Commercial P&C grew 8% like-for-like, supported by broad-based rate strength, disciplined underwriting and gains in North America and EMEA.

Life momentum: Life had a very strong quarter, with protection premiums up 9% like-for-like and new business CSM up 18% year-on-year.

Farmers improving: Farmers posted higher policy counts and stronger retention, with policies in force up 84,000 in Q1 and another 49,000 in April.

Capital strength: Zurich ended the quarter with a very strong SST ratio of 265%, and management said capital generation was helped by earnings, market tailwinds and actions to reduce risk.

Outlook: Management repeatedly said it remains confident Zurich can meet or exceed its 2027 targets, and sees commercial pricing trends staying supportive through the rest of the year.

Key Financials
Commercial P&C gross written premiums
8%
Commercial P&C gross written premiums
9%
Global Specialty gross written premiums
7%
U.S. construction gross written premiums
21%
Construction book premiums
$800 million
Middle Market premiums
7%
Middle Market premiums
$2.2 billion
Middle Market EMEA growth
15%
Retail P&C gross written premiums
7%
Retail P&C rates
5%
Life gross written premiums
5%
Life gross written premiums
-5%
Life protection premiums
9%
New business CSM
18%
New business CSM margin
7.4%
Life short-term insurance contracts
9%
Life investment fee revenue
10%
Farmers fee income
4%
Farmers gross written premiums
4%
Farmers policies in force
84,000
Farmers policies in force
49,000
Farmers exchange surplus ratio
56.4%
SST ratio
265%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Mario Greco
Group CEO & Member of Executive Committee

Mario Greco is a prominent business executive known for his leadership in the insurance industry. He currently serves as the Chief Executive Officer (CEO) of Zurich Insurance Group AG, a position he has held since March 2016. Greco is credited with driving significant growth and strategic transformation within the company. Born in Italy, Mario Greco began his career with a solid educational foundation, earning a degree in economics from the University of Rome and an MBA from the University of Rochester in New York. He has amassed a wealth of experience in the financial services sector over the years. Before joining Zurich Insurance, Greco held several key positions in the industry. He worked with McKinsey & Company early in his career, where he honed his skills in strategic consulting. Later, he gained extensive experience in the insurance sector, working with several major companies. Notably, he served as CEO of Italian insurance giant Generali Group from 2012 to 2016. Prior to that, he held leadership roles at Zurich Insurance from 2007 to 2012, including CEO of General Insurance. Under his leadership at Zurich, Greco has focused on sustainable growth, customer engagement, and digital innovation, enhancing the company’s competitive edge in the global market. His efforts have been recognized as pivotal in maintaining Zurich's status as a leading player in the insurance industry.

Ms. Claudia Cordioli
Group CFO & Member of Executive Committee

Claudia Cordioli is a prominent figure in the insurance industry, currently serving as a key executive at Zurich Insurance Group AG, a global insurance leader. She has been with Zurich for several years, holding increasingly senior roles due to her extensive expertise and leadership skills. Cordioli is known for her strategic vision and ability to drive significant business transformation. In her current role, she handles major responsibilities that likely include overseeing various business segments and implementing strategies to ensure the company's growth and sustainability in a competitive market. Previously, Cordioli has held important positions within Zurich, such as Head of International Programs and Group, where she managed complex international insurance solutions. Her experience also extends to financial roles; she has worked as the CFO for Europe, Middle East, and Africa (EMEA) at Swiss Re, indicating her strong background in financial management and strategic planning within the insurance sector. Her educational background includes a solid foundation in finance and management, contributing to her insights and effectiveness in her roles. Cordioli is also recognized for championing diversity and inclusion within the industry, advocating for initiatives that promote a more balanced and innovative workforce. Overall, Claudia Cordioli is respected for her contributions to the insurance industry, marked by her leadership capabilities, strategic acumen, and commitment to fostering an inclusive corporate culture.

Mr. Kristof Frans Rosa Terryn
CEO of North America & Member of the Executive Committee

Kristof Frans Rosa Terryn is a notable executive within the financial services industry, particularly known for his role at Zurich Insurance Group AG. Kristof Terryn joined Zurich Insurance in 2004 and has since held several key positions, demonstrating extensive expertise and leadership within the company. He initially served in a range of management roles, which included overseeing group operations. Over time, Terryn ascended to more significant roles; he became the CEO of Global Life in 2013, a position that involved enhancing the company's life insurance business. Two years later, in 2015, he was appointed CEO of General Insurance. In 2016, Terryn took on the role of Group Chief Operating Officer (COO), where he was responsible for Zurich’s operations and technology functions, emphasizing efficiency and customer-focused strategies. His work has been crucial in driving operational excellence and innovation within the company. Terryn's contributions are deeply linked to Zurich's strategic initiatives and transformation efforts, reflecting his capacity to lead complex operations in a global context. His academic background includes a Master’s degree in Applied Economic Sciences from the University of Antwerp in Belgium, which has provided him with a strong foundation in economics and management.

Ms. Tulsi Ratakonda Naidu
CEO of APAC & Member of the Executive Committee

Tulsi Ratakonda Naidu is a prominent executive in the insurance and financial services industry, known for her leadership roles at Zurich Insurance Group AG. Born in India, she pursued her education in mathematics and management, which laid the foundation for her successful career in the financial sector. Tulsi Naidu joined Zurich Insurance in September 2016 as the CEO of Zurich’s UK business, where she played a critical role in transforming and strengthening the company's market position in the UK. Her leadership has been marked by a focus on innovation, customer-centric strategies, and digital transformation, helping the company navigate the evolving landscape of the insurance industry. Before her tenure at Zurich, she held various senior roles at Prudential, where she gained extensive experience in operations, technology, and broader business management. Her career has been characterized by a strategic approach to business challenges and a strong emphasis on diversity and inclusiveness in the workplace. Naidu’s contributions to the industry have been widely recognized, and she is well-respected for her thought leadership and commitment to fostering a culture of integrity and excellence. Her efforts have helped Zurich Insurance Group AG strengthen its presence and adaptability in a rapidly changing world.

Ms. Alison Martin
CEO of EMEA & Bank Distribution and Member of the Executive Committee

Alison Martin is a notable figure in the insurance industry, recognized for her leadership roles and extensive experience. She joined Zurich Insurance Group AG in October 2017 as the Group Chief Risk Officer and was later appointed as CEO for Europe, Middle East & Africa (EMEA) and Bank Distribution in July 2019. Her role expanded further in 2020 when she became responsible for sustainability across the company. Before her tenure at Zurich, Martin had a successful career at Swiss Re, where she held various senior leadership positions, including Head of Life & Health Business Management. Her professional journey is marked by her expertise in risk management, strategic development, and a keen focus on sustainability, which has helped Zurich Insurance advance its position in these areas. Educationally, Alison Martin holds a Bachelor’s degree in Statistics from the University of Warwick and is both a Fellow of the Chartered Institute of Management Accountants and a Chartered Global Management Accountant, highlighting her robust background in finance and management. Her leadership at Zurich has been characterized by a strategic vision that seeks to integrate sustainability with business objectives, thereby positioning Zurich Insurance Group as a forward-thinking player in the global insurance sector.

Ms. Sierra Signorelli
CEO of Commercial Insurance & Member of the Executive Committee

Sierra Signorelli is a notable executive in the insurance industry, currently serving as the Chief Underwriting Officer for Zurich Insurance Group AG. With a strong background in insurance and risk management, she plays a crucial role in leading Zurich's underwriting strategy and operations on a global scale. Before her role at Zurich, Signorelli amassed extensive experience in the industry, having held various leadership positions in underwriting, risk assessment, and strategic business development. Her expertise spans across different markets and sectors, bringing a deep understanding of the complexities and dynamics of global insurance. She is recognized for her leadership skills, with a focus on innovation, sustainability, and customer-centric solutions in underwriting. Her vision aids Zurich in addressing emerging risks and opportunities in the rapidly evolving insurance landscape, especially with respect to digital transformation and environmental considerations. Under her leadership, Zurich aims to further strengthen its underwriting capabilities, enhancing profitability and ensuring that the company meets its strategic objectives across its diverse portfolio of insurance products and services.

Mr. Peter Giger
Group Chief Risk Officer & Member of Executive Committee

Peter Giger is a Swiss business executive known for his role at Zurich Insurance Group AG. He serves as the Group Chief Risk Officer, having joined the company in 2019. In this capacity, Giger is responsible for overseeing the company's risk management framework and ensuring that risks are effectively identified, assessed, and managed across the organization. His role is crucial in safeguarding the company's financial stability and reputation, particularly amidst the complexities of the global insurance market. Before joining Zurich Insurance Group, Peter Giger held various leadership roles, including serving as the Head of the Insurance Division at the Swiss Financial Market Supervisory Authority (FINMA), where he was instrumental in shaping regulatory policies. Giger's extensive experience in both regulatory and corporate environments has equipped him with a comprehensive understanding of risk management, governance, and compliance in the financial services industry. Peter Giger holds a degree in Banking and Finance and has a strong background in economics, which supports his strategic approach to risk management in the insurance sector. His leadership contributes significantly to Zurich Insurance Group's ability to navigate the evolving landscape of risks in today's business environment.

Mr. Ericson Chan
Group Chief Information & Digital Officer and Member of the Executive Committee

Ericson Chan is a recognized leader in the field of technology and digital transformation. He serves as the Group Chief Information and Digital Officer at Zurich Insurance Group AG, a global insurance company. Chan was appointed to this role in October 2020 and is responsible for driving the company's digital strategy, overseeing information technology, data, and operations. Before joining Zurich, Chan had an extensive career in technology and innovation. He previously worked at Ping An Technology, a subsidiary of Ping An Insurance, where he served as the CEO. There, he led various innovative projects and digital transformation initiatives, focusing on artificial intelligence, big data, and cloud computing. Chan's career also includes significant experience at Standard Chartered Bank, where he held various IT leadership roles, contributing to the bank's digital transformation efforts. His expertise lies in leveraging technology to improve customer experiences and operational efficiencies. Ericson Chan holds a Bachelor’s degree in Electrical Engineering from the University of Washington and a Master’s degree in Electrical Engineering from Cornell University. His leadership at Zurich Insurance focuses on harnessing digital solutions to foster innovation and sustainable growth.

Ms. Laurence Maurice
CEO of Latin America & Member of the Executive Committee

Laurence Maurice serves as a key executive at Zurich Insurance Group AG, one of the leading insurance companies globally. In her role, she provides strategic direction and leadership, contributing to the company's robust insurance services, risk management, and comprehensive financial solutions. With a wealth of experience in the financial and insurance sectors, Maurice is known for her expertise in driving operational efficiency and fostering innovation within the company. Her leadership is integral to maintaining Zurich's reputation for reliability and customer-centric services, aligning with the company's commitment to sustainability and global market expansion.

Mr. Stephan Van Vliet
Group Chief Investment Officer & Member of Executive Committee

Stephan Van Vliet is a recognized professional in the insurance industry, serving as the Group Chief Investment Officer (CIO) at Zurich Insurance Group AG. In this role, he oversees the management of investment strategies, risk assessment, and asset allocation for Zurich's global investment portfolio. Van Vliet's leadership in investment management is pivotal for maintaining Zurich's financial strength and supporting its long-term business objectives. Before joining Zurich, Van Vliet accrued extensive experience in financial services, having held various senior roles in asset management and insurance sectors. His career is noted for a strong focus on optimizing investment returns while managing risk effectively. Van Vliet holds degrees in finance and economics, which have underpinned his strategic approach to investment management. His work is crucial in aligning Zurich's investment practices with evolving market conditions and regulatory environments.

Contacts

Address
ZUERICH
Zurich
Mythenquai 2
Contacts
+41446252525.0
www.zurich.com
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