Insurer Brain

Zurich Insurance Group full year 2025 results investor and media presentation/Farmers and other segments: Difference between revisions

Browse history interactively
Content deleted Content added
VisualWikitext
Created page with "= Farmers and other segments = <!-- RAG-context: This section covers the detailed financial performance of the Farmers segment (FMS, Farmers Re, Farmers Life), Group Functions and Operations, and Non-Core Businesses, including BOP breakdowns and commentary. --> {{Section separator}} == Slide 46: FMS and Farmers Re BOP driven by Farmers Exchanges premium growth and outstanding underwriting results == <!-- RAG-context: Slide 46 shows Farmers total BOP of USD 2,387m (FY-25..."
 
No edit summary
 
(3 intermediate revisions by the same user not shown)
Line 1:
= Farmers and other segments =
<!-- RAG-context: This section covers the detailed financial performance of the Farmers segment (FMS, Farmers Re, Farmers Life), Group Functions and Operations, and Non-Core Businesses, including BOP breakdowns and commentary. -->
 
{{Section separator}}
== Slide 46: FMS and Farmers Re BOP driven by Farmers Exchanges premium growth and outstanding underwriting results ==
<!-- RAG-context: Slide 46 shows Farmers total BOP of USD 2,387m (FY-25) vs USD 2,286m (FY-24), +4%. Breakdown: FMS USD 2,152m (+4%), Farmers Re USD 243m (+27%), Farmers Life USD −7m (down USD 27m from USD 20m). FMS BOP rose 4% from higher Farmers Exchanges GEP and Agency Brokerages growth; MGEP margin stable at 7.0%. Farmers Re driven by improved underwriting at Exchanges, partly offset by lower reinsurance participation (8.0% vs 10%). Quota share renewed at 5.75% effective Dec 31, 2025. Farmers Life BOP down due to higher project expenses for new platform launch and non-repeating Resolution Life transaction impacts. -->
 
{| class="wikitable" style="fontwidth:100%; text-sizealign:0.85emright"
|+ Zurich Insurance — Farmers segment BOP breakdownby component (USDmUSD m), FY24–FY25
! style="text-align:center; width:34%left" | Component
! style="text-align:centerright; width:22%6em" | FY-24FY24
! style="text-align:centerright; width:22%6em" | FY-25FY25
! style="text-align:centerright; width:22%6em" | ChangeChg
|-
| style="backgroundtext-align:#fffleft" | Farmers Management Services (FMS)
| 2,074
| style="background:#fff; text-align:right" | 2,074▼
| 2,152
| style="background:#fff; text-align:right" | 2,152
| +4%
| style="background:#fff; text-align:right" | +4%
|-
| style="backgroundtext-align:#fffleft" | Farmers Re
| 192
| style="background:#fff; text-align:right" | 192
| 243
| style="background:#fff; text-align:right" | 243
| +27%
| style="background:#fff; text-align:right" | +27%
|-
| style="backgroundtext-align:#fffleft" | Farmers Life
| 20
| style="background:#fff; text-align:right" | 20
| −7
| style="background:#fff; text-align:right" | −7
| −27
| style="background:#fff; text-align:right" | −27
|-
| style="text-align:left; background:#ffff8f9fa" | '''Total Farmers'''
| style="background:#fff; text-align:rightf8f9fa" | '''2,286'''
| style="background:#fff; text-align:rightf8f9fa" | '''2,387'''
| style="background:#fff; text-align:rightf8f9fa" | '''+4%'''
|}
 
Farmers Management Services (FMS) BOP rose 4% year-on-yearYoY, supported by higher gross earned premiums at the Farmers Exchanges and strong growth in Agency Brokerages. The Managed GEP margin remained stable at 7.0%.
 
Farmers Re delivered BOP of USD 243m, up 27% from prior year, driven by improved underwriting at the Farmers Exchanges, partly offset by a lower reinsurance participation of 8.0% versus 10% last year. The participation in the all-lines quota share was renewed at 5.75%, effective December 31, 2025.
Line 44 ⟶ 40:
<!-- RAG-context: Slide 47 shows Group Functions and Operations BOP of −USD 900m (FY-25) vs −USD 870m (FY-24), comprising HQ −USD 400m (from −USD 354m), Zurich Global Ventures −USD 17m (from −USD 20m), and Holding and Financing −USD 483m (from −USD 496m). Non-Core Businesses BOP of −USD 48m (FY-25) vs −USD 104m (FY-24). -->
 
{| class="wikitable" style="fontwidth:100%; text-sizealign:0.85emright"
|+ Zurich Insurance — Group Functions and Operations BOP by component (USDmUSD m), FY24–FY25
! style="text-align:center; width:34%left" | Component
! style="text-align:centerright; width:22%6em" | FY-24FY24
! style="text-align:centerright; width:22%6em" | FY-25FY25
! style="text-align:centerright; width:22%6em" | ChangeChg
|-
| style="backgroundtext-align:#fffleft" | Headquarters (HQ)
| −354
| style="background:#fff; text-align:right" | −354
| −400
| style="background:#fff; text-align:right" | −400
| −46
| style="background:#fff; text-align:right" | −46
|-
| style="backgroundtext-align:#fffleft" | Zurich Global Ventures
| −20
| style="background:#fff; text-align:right" | −20
| −17
| style="background:#fff; text-align:right" | −17
| +3
| style="background:#fff; text-align:right" | +3
|-
| style="backgroundtext-align:#fffleft" | Holding and Financing
| −496
| style="background:#fff; text-align:right" | −496
| −483
| style="background:#fff; text-align:right" | −483
| +13
| style="background:#fff; text-align:right" | +13
|-
| style="text-align:left; background:#ffff8f9fa" | '''Total'''
| style="background:#fff; text-align:rightf8f9fa" | '''−870'''
| style="background:#fff; text-align:rightf8f9fa" | '''−900'''
| style="background:#fff; text-align:rightf8f9fa" | '''−30'''
|}
 
{| class="wikitable" style="fontwidth:100%; text-sizealign:0.85emright"
|+ Zurich Insurance — Non-Core Businesses BOP (USDmUSD m), FY24–FY25
! style="text-align:center; width:34%left" | FY-24Metric
! style="text-align:centerright; width:33%6em" | FY-25FY24
! style="text-align:centerright; width:33%6em" | ChangeFY25
▲|! style="background:#fff; text-align:right; width:6em" | 2,074Chg
|-
| style="background:#fff; text-align:rightleft" | −104BOP
| −104
| style="background:#fff; text-align:right" | −48
| −48
| style="background:#fff; text-align:right" | +56
| +56
|}
 
Line 89 ⟶ 87:
Group Functions and Operations reported net expenses of USD 900 million, driven by an unfavorable foreign-exchange translation effect, reflecting the USD weakening against the CHF.
 
The Group's Non-Core Businesses reported an operating loss of USD 48 million, an improvement from the USD 104 million loss in the prior year, driven by favorable year-on-yearYoY loss development and the absence of the prior year's reinsurance loss.
Retrieved from "https://insurerbrain.mediawiki.site/wiki/Zurich_Insurance_Group_full_year_2025_results_investor_and_media_presentation/Farmers_and_other_segments"