Zurich Insurance Posts Record Profit, CEO Bullish on AI
What happened
Zurich Insurance Group reported record profits of $8.9 billion for 2025, beating forecasts. The company's property and casualty division surpassed $50 billion in gross written premiums for the first time. In a subsequent call, CEO Mario Greco stated he does not believe AI will lead to an overall reduction in jobs.
Why it matters
- The record profit represents a 14% increase in business operating profit year-over-year. Net income attributable to shareholders saw a 17% rise to $6.8 billion. - Growth in the Property and Casualty (P&C) division was driven by an 8% increase in gross written premiums, with the commercial business growing 4% and the retail business growing 7% on a like-for-like basis. - The company has proposed a 7% dividend increase to 30 Swiss francs ($38.80) per share. - This strong performance puts Zurich on track to meet or exceed its ambitious 2025-2027 financial targets, which include achieving a core return on equity of more than 23% and a compound annual growth rate in earnings per share of over 9%. - In late 2025, Zurich launched the "Zurich AI Lab" in collaboration with the University of St. Gallen and ETH Zurich to pioneer new AI-driven insurance solutions and transform its business model. - The company already has 541 AI solutions in place or in development, leveraging generative AI at scale across all its markets to enhance performance. - The Farmers Exchanges, for which Zurich's subsidiary provides services, reported their strongest ever business operating profit of $2.4 billion and saw a net increase in policy counts of over 150,000 for the first time in a decade. - Performance in the Asia Pacific region was also a highlight, delivering a record business operating profit of $633 million, an 8% year-over-year increase, with gross written premiums reaching $7.5 billion.
Key numbers
- Zurich Insurance Group reported record profits of $8.9 billion for 2025, beating forecasts.
- The company's property and casualty division surpassed $50 billion in gross written premiums for the first time.
- - The record profit represents a 14% increase in business operating profit year-over-year.
- Net income attributable to shareholders saw a 17% rise to $6.8 billion.
What happens next
- This strong performance puts Zurich on track to meet or exceed its ambitious 2025-2027 financial targets, which include achieving a core return on equity of more than 23% and a compound annual growth rate in earnings per share of over 9%.
- In a subsequent call, CEO Mario Greco stated he does not believe AI will lead to an overall reduction in jobs.
Quick answers
What happened in Zurich Insurance Posts Record Profit, CEO Bullish on AI?
Zurich Insurance Group reported record profits of $8.9 billion for 2025, beating forecasts. The company's property and casualty division surpassed $50 billion in gross written premiums for the first time. In a subsequent call, CEO Mario Greco stated he does not believe AI will lead to an overall reduction in jobs.
Why does Zurich Insurance Posts Record Profit, CEO Bullish on AI matter?
The record profit represents a 14% increase in business operating profit year-over-year. Net income attributable to shareholders saw a 17% rise to $6.8 billion. Growth in the Property and Casualty (P&C) division was driven by an 8% increase in gross written premiums, with the commercial business growing 4% and the retail business growing 7% on a like-for-like basis. The company has proposed a 7% dividend increase to 30 Swiss francs ($38.80) per share. This strong performance puts Zurich on track to meet or exceed its ambitious 2025-2027 financial targets, which include achieving a core return on equity of more than 23% and a compound annual growth rate in earnings per share of over 9%. In late 2025, Zurich launched the "Zurich AI Lab" in collaboration with the University of St. Gallen and ETH Zurich to pioneer new AI-driven insurance solutions and transform its business model. The company already has 541 AI solutions in place or in development, leveraging generative AI at scale across all its markets to enhance performance. The Farmers Exchanges, for which Zurich's subsidiary provides services, reported their strongest ever business operating profit of $2.4 billion and saw a net increase in policy counts of over 150,000 for the first time in a decade. Performance in the Asia Pacific region was also a highlight, delivering a record business operating profit of $633 million, an 8% year-over-year increase, with gross written premiums reaching $7.5 billion.
