Zurich Insurance confident after first quarter, notes uncertainty
Idag, 09:47
(Alliance News) - Zurich Insurance Group AG on Wednesday reported a strong start to 2026, with gross written premiums ticking up from the year prior.
The insurer posted USD15.56 billion in Property & Casualty GWP for the three months ended March 31, up 17% from USD13.32 billion on-year.
Commercial Insurance GWP rose 18%, "supported by disciplined underwriting and strong customer demand", while Retail GWP rose 15%, driven by growth in the Motor segment, with Travel performing well. The travel outlook, however, remains "dependent on the development of macroeconomic and geopolitical uncertainties indirectly affecting global travel demand".
"The group's exposure to geopolitical conflicts and tensions in the Middle East remains limited, with no material impact on performance expected. Against a backdrop of heightened geopolitical and macroeconomic uncertainty, Zurich continues to focus on supporting its customers as risks across the market continue to be reassessed," the company said.
P&C insurance revenue rose 11% to USD12.0 billion from USD10.78 billion.
Life GWP and deposits increased by 5% to USD9.85 billion from USD9.36 billion. Farmers Exchanges GWP increased by 4% to USD7.72 billion from USD7.40 billion.
Chief Financial Officer Claudia Cordioli commented: "All our businesses started the year strongly, with growth accelerating across targeted business lines and customer segments, including Specialty, Middle Market and Life Protection. Combined with our geographic diversification, these results highlight the resilience of our business model and the strength of our franchise. Thanks to our strong capital position, we are well positioned to navigate the current uncertain environment and stay on track to meet or exceed our 2027 targets."
The company's Swiss Solvency Test ratio was estimated at 265% as of March 31, up from 259% at December 31.
Zurich Insurance shares rose 3.7% to CHF560.80 on Wednesday morning in Zurich.
By Holly Munks, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2026 Alliance News Ltd. All Rights Reserved.
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Zurich Insurance confident after first quarter, notes uncertainty
Idag, 09:47
(Alliance News) - Zurich Insurance Group AG on Wednesday reported a strong start to 2026, with gross written premiums ticking up from the year prior.
The insurer posted USD15.56 billion in Property & Casualty GWP for the three months ended March 31, up 17% from USD13.32 billion on-year.
Commercial Insurance GWP rose 18%, "supported by disciplined underwriting and strong customer demand", while Retail GWP rose 15%, driven by growth in the Motor segment, with Travel performing well. The travel outlook, however, remains "dependent on the development of macroeconomic and geopolitical uncertainties indirectly affecting global travel demand".
"The group's exposure to geopolitical conflicts and tensions in the Middle East remains limited, with no material impact on performance expected. Against a backdrop of heightened geopolitical and macroeconomic uncertainty, Zurich continues to focus on supporting its customers as risks across the market continue to be reassessed," the company said.
P&C insurance revenue rose 11% to USD12.0 billion from USD10.78 billion.
Life GWP and deposits increased by 5% to USD9.85 billion from USD9.36 billion. Farmers Exchanges GWP increased by 4% to USD7.72 billion from USD7.40 billion.
Chief Financial Officer Claudia Cordioli commented: "All our businesses started the year strongly, with growth accelerating across targeted business lines and customer segments, including Specialty, Middle Market and Life Protection. Combined with our geographic diversification, these results highlight the resilience of our business model and the strength of our franchise. Thanks to our strong capital position, we are well positioned to navigate the current uncertain environment and stay on track to meet or exceed our 2027 targets."
The company's Swiss Solvency Test ratio was estimated at 265% as of March 31, up from 259% at December 31.
Zurich Insurance shares rose 3.7% to CHF560.80 on Wednesday morning in Zurich.
By Holly Munks, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2026 Alliance News Ltd. All Rights Reserved.
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