Zurich Insurance Group
Zurich Insurance Group, Switzerland's largest insurer, had a good 2019 with operating profit up 16% to $5.3 billion. Under CEO Mario Greco—a former high-ranking Zurich executive who spent several years helming Italian rival Generali before becoming Zurich's group CEO—the 148-year-old firm spent three years cutting costs before shifting its emphasis to organic growth in late 2019. The company currently has a headcount of over 55,000 workers and operates across over 215 countries and territories. Greco has identified digital transformation as a significant challenge for the sector, alongside measures that are necessary to address the climate emergency. Zurich says it expects to pay out $750 million in COVID-19-related claims during 2020, though a test case lodged by British financial regulators, regarding pandemic claims and the wording of Zurich policies, could potentially add another $200 million to that tally.
Jason Alden—Bloomberg/Getty Images
Company Information
As of 8/3/2022
Country
Switzerland
Headquarters
Zurich
Industry
Insurance: Property and Casualty (Stock)
CEO
Mario Greco
Website
Company Type
Public
Ticker
ZURVY
Revenues ($M)
$69,867
Profits ($M)
$5,202
Market Value ($M)
$64,603
Employees
54,914
Figures prepared in accordance with International Accounting Standards. Market value as of July 19, 2022.
Key Financials (Last Fiscal Year)
($ Millions)
% change
Revenues ($M)
$69,867
18.4%
Profits ($M)
$5,202
35.7%
Assets ($M)
$435,826
-
Total Stockholder Equity ($M)
$37,881
-
Profit Ratios
Profit as % of Revenues
7.4%
Profits as % of Assets
1.2%
Profits as % of Stockholder Equity
13.7%
World's Most Admired Companies
Sector
Financials
Industry
Insurance: Property and Casualty
Current All-Star Rank
-
Previous All-Star Rank
-
Industry Rank
8
Previous Industry Rank
7
Overall Score
6.2
Innovation
8
People Management
9
Use of Corporate Assets
10
Social Responsibility
11
Quality of Management
10
Financial Soundness
9
Long-Term Investment Value
8
Quality of Products/Services
9
Global Competitiveness
3
Lists ranking Zurich Insurance Group
