Report
Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

Zurich Insurance : Earnings growth increasingly linked to Retail margin improvement

>CMD points to growth ambitions implying 8% p.a. EPS growth in the cycle - Zurich held an CMD and presented the new 3-year strategic cycle targets 2023 to 2025. The group aims to deliver i) a BOPAT ROE of >20%, ii) EPS growth of 8% p.a., iii) an SST ratio of =160% and cumulative cash remittances of > $ 13.5bn. We believe Zurich is currently well on track to deliver on these targets which is reflected in consensus EPS growth estimates of 7.2% CAGR (2023e to 2025e). Ea...
Underlying
Zurich Insurance Group Ltd

Zurich Insurance Group is a multi-line insurance company. Co. provides a range of general insurance and life insurance products and services, serving individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. Co.'s business segments include: General Insurance, which provides property and casualty insurance and services, risk insights; Global Life, which provides protection, savings and investment solutions; and Farmers, which provides management services related to property and casualty insurance.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Benoit Valleaux

Roland Pfaender,MBA,CFA,CCRA

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