Zurich Insurance Group First Half 2024 Earnings: EPS: US$20.98 (vs US$17.06 in 1H 2023)

Zurich Insurance Group (VTX:ZURN) First Half 2024 Results

Key Financial Results

• Revenue: US$33.4b (up 7.3% from 1H 2023).
• Net income: US$3.03b (up 21% from 1H 2023).
• Profit margin: 9.1% (up from 8.0% in 1H 2023). The increase in margin was driven by higher revenue.
• EPS: US$20.98 (up from US$17.06 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Zurich Insurance Group Earnings Insights

Looking ahead, revenue is forecast to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Insurance industry in Switzerland are expected to remain flat.

Performance of the Swiss Insurance industry.

The company's shares are up 1.5% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Zurich Insurance Group that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.