Zurich Insurance Group Full Year 2024 Earnings: Beats Expectations

Zurich Insurance Group (VTX:ZURN) Full Year 2024 Results

Key Financial Results

• Revenue: US$68.8b (down 7.8% from FY 2023).
• Net income: US$5.81b (up 34% from FY 2023).
• Profit margin: 8.4% (up from 5.8% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$40.48 (up from US$29.96 in FY 2023).

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

Zurich Insurance Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%.

Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Insurance industry in Switzerland.

Performance of the Swiss Insurance industry.

The company's shares are up 2.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Zurich Insurance Group you should know about.

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