Financials Zurich Insurance Group Ltd

Equities

Market Closed - Swiss Exchange Other stock markets 12:30:43 2025-03-21 pm EDT			5-day change	1st Jan Change
611.00 ^CHF	+0.16%		+1.43%	+13.40%

Mar. 18	Swiss insurers Baloise, Helvetia explore merger, Bloomberg News reports	RE
Mar. 04	Zurich Insurance Group AG Announces Executive Appointments	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	44,995	51,493	54,135	49,461	53,559	55,650	58,402	62,486
Change	-	14.44%	5.13%	-8.63%	8.28%	3.9%	4.95%	6.99%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	3,775	5,301	5,934	6,508	6,976	7,648	8,248	8,784
Change	-	40.44%	11.95%	9.66%	7.2%	9.62%	7.85%	6.5%
Interest Paid ¹	-365.4	-441.7	-399.2	-402	-396	-383.8	-387.4	-383.6
Earnings before Tax (EBT) ¹	4,802	6,759	5,485	5,694	7,619	8,323	8,752	9,568
Change	-	40.76%	-18.85%	3.82%	33.81%	9.25%	5.15%	9.32%
Net income ¹	3,412	4,802	4,234	3,836	5,233	5,691	6,079	6,504
Change	-	40.74%	-11.83%	-9.4%	36.41%	8.75%	6.83%	6.99%
Announcement Date	2/10/21	2/10/22	2/9/23	2/22/24	2/20/25	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	1,458	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-100%	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	545.1	536.9	1,225	1,215	1,031	1,012	1,384	1,417	1,037	1,036	1,103	1,374	1,374	1,375	1,373	1,519	1,519	1,520	1,518
Change	-	-1.5%	128.1%	-0.81%	-15.08%	-1.87%	36.74%	2.37%	-26.84%	-0.03%	6.48%	24.51%	0%	0.06%	-0.13%	10.64%	0%	0.06%	-0.12%
Announcement Date	8/12/21	8/13/20	2/10/22	2/10/21	8/10/22	8/12/21	2/9/23	2/10/22	8/10/22	8/11/22	2/9/23	-	-	-	-	-	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2020 S2	2021 S1	2022 S1	2022 S2	2023 S1	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2
Net sales	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	2,260	2,505	3,191	2,813	3,249	3,457	3,387	3,879	3,637	4,333	4,015
Change	-	10.86%	27.36%	-11.84%	15.5%	6.39%	-2.02%	14.53%	-6.24%	19.14%	-7.34%
Charge d'intérêts	-	-	-	-	-200	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	3,149	-	-	-	-	-	-
Change	-	-	-	-	-	-100%	-	-	-	-	-
Net income	2,361	2,024	2,073	2,207	2,177	2,623	-	-	-	-	-
Change	-	-14.27%	2.39%	6.48%	-1.37%	20.51%	-100%	-	-	-	-
Announcement Date	2/10/21	8/12/21	8/11/22	2/9/23	8/10/23	8/8/24	2/20/25	-	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	3,163	7,338	5,897	5,704	5,511	6,266	12,490	-
Change	-	131.99%	-19.64%	-3.27%	-3.38%	13.7%	99.33%	-
Announcement Date	2/10/21	2/10/22	2/9/23	2/22/24	2/20/25	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	505.5	542.4	526.2	368.5	333	481.9	514	548.9
Change	-	7.32%	-3%	-29.96%	-9.64%	44.71%	6.67%	6.77%
Free Cash Flow (FCF) ¹	4,715	2,440	4,146	6,107	6,510	5,175	5,895	6,390
Change	-	-48.25%	69.91%	47.31%	6.59%	-20.5%	13.91%	8.4%
Announcement Date	2/10/21	2/10/22	2/9/23	2/22/24	2/20/25	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-
EBIT Margin (%)	8.39%	10.29%	10.96%	13.16%	13.03%	13.74%	14.12%	14.06%
EBT Margin (%)	10.67%	13.13%	10.13%	11.51%	14.23%	14.96%	14.99%	15.31%
Net margin (%)	7.58%	9.33%	7.82%	7.76%	9.77%	10.23%	10.41%	10.41%
FCF margin (%)	10.48%	4.74%	7.66%	12.35%	12.15%	9.3%	10.09%	10.23%
FCF / Net Income (%)	138.17%	50.81%	97.91%	159.2%	124.41%	90.94%	96.98%	98.25%
Profitability
ROA	0.91%	1.19%	1.13%	1.25%	1.62%	1.72%	1.87%	1.88%
ROE	10.46%	13.66%	14.27%	17.22%	24.6%	23.78%	23.94%	23.95%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	0.67x	3.01x	1.42x	0.93x	0.85x	1.21x	2.12x	-
Capital Intensity
CAPEX / Current Assets (%)	1.12%	1.05%	0.97%	0.75%	0.62%	0.87%	0.88%	0.88%
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	10.72%	22.23%	12.69%	6.03%	5.12%	9.31%	8.72%	8.59%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	20	20.72	22.08	26	26	29.72	32.21	34.14
Change	-	3.59%	6.56%	17.77%	0%	14.31%	8.37%	6.02%
Book Value Per Share ¹	236	240.6	166.1	152.2	146	171.8	185.2	200.1
Change	-	1.92%	-30.97%	-8.34%	-4.08%	17.68%	7.81%	8%
EPS ¹	23.98	31.68	29.36	26.21	36.14	39.43	43.39	46.3
Change	-	32.11%	-7.32%	-10.72%	37.86%	9.12%	10.04%	6.7%
Nbr of stocks (in thousands)	148,910	148,496	148,291	146,356	143,990	142,285	142,285	142,285
Announcement Date	2/10/21	2/10/22	2/9/23	2/22/24	2/20/25	-	-	-