Highlights
We continue to deliver strong sustainable performance.
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Net income attributable to shareholders (NIAS)1
USD
4.1
Market capitalization2
CHF
59.4
Proposed gross dividend per share3
CHF
20
Customers interviewed through NPS4
1047000
CO2e emissions per employee5
1.9
Total amount of impact investments6
USD
4.6
1 Net income attributable to shareholders (NIAS)
2 Market valuation as of December 31
3 Gross dividend, subject to 35 percent Swiss withholding tax. 2019 is proposed dividend subject to approval by shareholders at the Annual General meeting.
4 In 2019, Zurich interviewed over 1 million customers (including Zurich Santander) in 25 countries through its NPS (Net Promoter System) program.
5 Number shown as of 2018; 2019 data will be available in Q2 2020.
6 Impact investments in 2019 consisted of: green bonds (USD 3.1 billion), social and sustainability bonds (USD 539 million), and investments committed to private equity funds (USD 163 million, thereof 36 percent drawn down) and impact infrastructure private debt (USD 747 million).
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Story view Download the full Annual Report 2019 Download the financial review 2019Our strategy is successful
We continue to focus on customers, while simplifying our business and driving innovation. Our strengths provide a good basis for our success. We implement our strategy by remaining true to our purpose and values.
Focus on customers
Our transformation to become a truly customer-led company is well underway and we have established a platform from which to evolve and grow.
Simplify
We have successfully simplified our business and operations, to make better use of our resources.
Innovate
We are adapting to make sure we continue to meet and exceed customers’ expectations and needs.
How we delivered on our 2017-2019 targets
2017 - 2019 targets:
BOPAT ROE1
>12% and increasing
Z-ECM
100-120%
Net cash remittances
USD
>9.5 bn (cumulative)Net savings
USD
1.5 bn by 2019 compared with 2015 baselineAchieved:
BOPAT ROE
14.2%
Z-ECM2
129%
Net cash remittances
USD
10.9 bnNet savings
USD
1.6 bnWe improved our business mix, reduced volatility and improved profitability of our Property & Casualty portfolios while further growing our Life franchise through targeted acquisitions. We entered new and innovative markets and succeeded in reducing expenses. Our management structure has been strengthened and reinforced. And customer and employee satisfaction has improved. Farmers Exchanges has transformed its agents force and expanded its solutions for millennials.
Our targets for 2020-2022
2020 - 2022 targets:
BOPAT ROE1
>14% and increasing
Z-ECM
100-120%
Net cash remittances
USD
>11.5 bn (cumulative)Compound organic earnings per share growth3
at least
5% per annumWe see opportunities to grow the business. We know which type of growth we want to achieve. We will remain cost-driven and continue to simplify the organization. We aim to improve portfolio quality and make better use of capital. To sharpen our focus on customers, we are also adding two new KPIs.
Our strategic focus has enabled us to deliver a strong performance across our business
Together with the Group’s customer-focused strategy and simplified operating model, the results position the Group well to take advantage of ongoing changes within the global insurance industry and to deliver further value to shareholders.
Our business segment performance:
Business operating profit
USD
2.9 bnGross written premiums and policy fee
USD
34.2 bnWe also continue to build on our commitment towards a sustainable future
Zurich is proud to make a difference in the lives and futures of our customers, employees, investors and communities. Our non-financial measures below provide more insight:
Read more about our stories from the year
Downloads
Full Annual Report | (8.8 MB/PDF) |
Group overview | (3.8 MB/PDF) |
Consolidated non-financial statements (incl. GRI index) | (171 KB/PDF) |
Governance | (2.6 MB/PDF) |
Risk review | (709 KB/PDF) |
Financial review | (1.7 MB/PDF) |
1 Business operating profit after tax return on equity, excluding unrealized gains and losses.
2 Full year 2019 Z-ECM reflects midpoint estimate with an error margin of +/–5 percentage points.
3 Before capital deployment.