Financial Performance / Information
Zurich Insurance Group Ltd (“Zurich”) is listed on the SIX Swiss Exchange under the ticker ZURN. As of the 1st December 2010 there were 147,385,822 fully paid registered shares and 121,715 shareholders. Twenty three percent of the holding of the registered shares were private individuals (14 percent of all issued shares), seven percent were foundations and pension funds (five percent of all issued shares) and 70 percent were other legal entities (44 percent of all issued shares).
In its full year results for 2011 Zurich reported a net income after tax (attributable to shareholders) of $3.8bn, an increase of 10% on the previous year, and a business operating profit of $4.3bn. It declared a full year dividend of CHF 17.00, to be paid in April 2012.
The company has a robust capital position with a Solvency 1 ratio of 242% and a Swiss Solvency Test ratio of 190% as of 31 December 2011, far above the minimum capital requirements. The strength of Zurich’s balance sheet is reflected in the reports of the ratings agencies. As of 21 March 2011 Zurich Insurance Company Ltd was rated as ‘AA-/stable’ by Standard and Poor’s, ‘Aa3/stable’ by Moody’s, and A+/stable’ by A.M. Best.
All figures below are for the year ended 31st December and are in USD millions unless stated otherwise.
| Year ended December 31 | Revenue ($m) | Profit before tax ($m) | Profit after tax ($m) | Basic earnings per share (CHF) |
|---|---|---|---|---|
| 2011 | 52,983 | 4,757 | 3,792 | 25.81 |
| 2010 | 67,857 | 4,862 | 3,507 | 23.59 |
| 2009 | 70,272 | 4,531 | 3,236 | 24.39 |
| 2008 | 32,349 | 2,663 | 3,116 | 23.53 |
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