Zurich Insurance Group full year 2025 results investor and media presentation/Other important information: Difference between revisions

== Slide 55: Disclaimer and cautionary statement ==

<!-- RAG-context: Slide 55 contains the standard disclaimer and cautionary statement regarding forward-looking statements, risk factors, and the relationship between Zurich Insurance Group and Farmers Exchanges. -->

* Minimum target of prior year level.

|-

|}

<!-- RAG-context: Slide 58 shows that all 2023–2025 cycle targets were comfortably exceeded: Core ROE 26.9% vs >20% target, Core EPS 14% CAGR vs 8% CAGR target (from USD 32.1 baseline to USD 47.2 actual vs implied target), SST 259% vs ≥160% floor, cumulative cash remittances USD 19.3bn vs >13.5bn target. Diluted EPS CAGR based on reported NIAS is 12%. -->

|-

|-

|-

|-

|}

{{Section separator}}

<!-- RAG-context: Slide 59 shows tNPS (transactional net promoter score, Retail & SME) improvements: Global +3.5pts, EMEA +1.0pts, Asia Pacific +2.9pts, Latin America +11.1pts, Farmers Exchanges +8.1pts. Brand consideration ranking across 15 retail markets: FY-25 60% in top 3 (vs 53% in FY-24), 33% in top 5 (vs 40% in FY-24), 7% below top 5 (vs 7% in FY-24). Historical trend from FY-19 to FY-25 shows improving position. -->

|-

|-

|-

|-

|-

|}

|-

|-

|-

|}

<!-- RAG-context: Slide 60 shows FY-25 Group investments (USD 178bn): Government and government guaranteed 33%, Credit and private debt 44%, Mortgages 8%, Real estate 5%, Equities 6%, Hedge funds and private equity 2%, Cash 3%. Asset quality: AAA 27%, AA 15%, A 39%, BBB 15%, Non-investment grade 20% (appears incorrect from source - likely showing the non-financial credit breakdown). Non-financial credit breakdown (USD 26bn) by sector: Other 19%, Consumer non-cyclical 17%, Utility 15%, Consumer cyclical 14%, Communications 10%, Energy 6%, Capital goods 7%, Government owned (no guarantee) 4%, Transportation 4%, Technology 5%. Credit and private debt total USD 77bn, of which government guaranteed USD 59bn. -->

|-

|-

|-

|-

|-

|-

|-

|}

|-

|-

|-

|-

|-

|-

|}

|-

|-

|-

|-

|-

|-

|-

|-

|-

|-

|}

<!-- RAG-context: Slide 61 shows detailed credit and private debt breakdown by rating and category: Non-financial credit (USD 25.9bn), Financial credit (USD 19.8bn), Municipals/agencies/state credit (USD 12.3bn), Asset backed securities (USD 5.8bn), Covered bonds (USD 3.6bn), Other (USD 9.9bn). Each with rating distribution across AAA, AA, A, BBB, and Non-investment grade. -->

|-

|-

|-

|-

|-

|-

|}

<!-- RAG-context: Slide 62 shows the like-for-like growth calculation methodology and specific adjustments for each business KPI: P&C GWP reported USD 46,624m→USD 50,422m, adjusted to 5% l-f-l; P&C insurance revenue reported to 4% l-f-l; Life GWP reported USD 33,061m→USD 36,194m, adjusted to 7% l-f-l; Life long-term PVNBP 14% l-f-l; Life long-term NB CSM 11% l-f-l; Life short-term insurance revenue 9% l-f-l; Life investment contracts fee revenue 13% l-f-l. Adjustments include FX, M&A/other for both FY-24 and FY-25. -->

|-

|-

|-

|-

|-

|-

|-

|}