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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Zurich Insurance Group    ZURN   CH0011075394

ZURICH INSURANCE GROUP

(ZURN)
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Zurich Insurance : Sets out 2020-22 Targets

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11/14/2019 | 01:53am EST

By Max Bernhard

Zurich Insurance Group AG (ZURN.EB) on Thursday set out new financial targets for the coming three years, and said that it plans to grow its retail offering and customer base, as well as improve its commercial portfolio.

Zurich said for the 2020 to 2022 period it targets a business operating profit after tax return on equity above 14%. It also aims to grow that figure over time, the company said.

Over the period, Zurich expects earnings per share to grow organically by at least 5% a year and aims for cash remittances of more than $11.5 billion.

The company said it would stick to its dividend policy, targeting a pay-out ratio of about 75% of net profit.

Write to Max Bernhard at max.bernhard@dowjones.com

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Financials (CHF)
Sales 2019 50 046 M
EBIT 2019 5 467 M
Net income 2019 4 001 M
Debt 2019 3 974 M
Yield 2019 5,15%
P/E ratio 2019 14,4x
P/E ratio 2020 13,1x
EV / Sales2019 1,22x
EV / Sales2020 1,23x
Capitalization 57 046 M
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Technical analysis trends ZURICH INSURANCE GROUP
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 397,13  CHF
Last Close Price 392,00  CHF
Spread / Highest target 20,9%
Spread / Average Target 1,31%
Spread / Lowest Target -20,9%
EPS Revisions
Managers
NameTitle
Mario Greco Group Chief Executive Officer
Michel M. Liès Chairman
Kristof Terryn Group Chief Operating Officer
George Quinn Group Chief Financial Officer
Alison Jane Carnwath Independent Non-Executive Director
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