Zurich Insurance Group full year 2025 results investor and media presentation/Group financial performance: Difference between revisions

== Slide 24: Diversified business growing consistently at highly attractive margins ==

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<!-- RAG-context: Slide 26 shows the BOP-to-NIAS walk for FY-25: BOP USD 8,856m, net impact of capital gains/losses +USD 1,058m, restructuring costs −USD 299m, other adjustments −USD 419m, net gains on disposal −USD 7m, income taxes −USD 2,610m, non-controlling interests −USD 403m, resulting in NIAS of USD 6,798m. Effective tax rate 26.6%. Capital gains breakdown: mark-to-market +USD 1,887m, net realized capital losses −USD 226m, impairments/FX/other −USD 603m. FY-24 NIAS was USD 5,814m and FY-24 net capital gains were USD 390m. -->

 

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