Share buyback program 2024
On October 30, 2024, Zurich Insurance Group Ltd (Zurich) completed its share buyback program of up to CHF 1.1 billion that was launched on June 17, 2024 (Program). The Program was for capital reduction purposes and was executed on a second trading line on the SIX Swiss Exchange (Valor: 135.529.044; ISIN: CH135 529 044 1; Ticker: ZURNE).
Under the Program, Zurich repurchased 2,221,529 of its shares for a total purchase value of CHF 1.1 billion at an average purchase price of CHF 495.15.
The Board of Directors of Zurich intends to use the capital band to cancel the shares repurchased under the Program.
Detailed information on the Program can be found in the official notices (German, French) below:
The maximum daily repurchase volume calculated in accordance with art. 123 para. 1 lit. c of the Financial Market Infrastructure Ordinance (FMIO) was 62,497 shares.
Transactions conducted during the Program can be viewed in the transaction
report below:
Transaction report
Share buyback program 2022/23
Transactions conducted during Zurich’s public share buyback program 2022/23 (November 21, 2022 – June 7, 2023) can be viewed in the transaction report below:
The 4,104,413 Zurich shares repurchased under the share buyback program 2022/23 were cancelled in a capital reduction under the capital band on August 7, 2023.