Zurich Insurance Group stock holds after 2025 profit growth

Zurich Insurance Group (ISIN CH0011075394) is still defined by the scale of its 2025 result, with business profit up 5% to USD 7.8 billion and business operating profit also up 5% to USD 7.8 billion. The company reported its 2025 results on 5 February 2026, and the figures keep Zurich Insurance Group stock tied to earnings execution rather than short-term commentary.

Profit rose 5% in 2025

The 2025 result was led by a 5% increase in business profit to USD 7.8 billion, while business operating profit reached the same USD 7.8 billion level. That matters because the comparison against the prior year is explicit: both profit lines grew, and the group did so while maintaining a large dividend base for shareholders through its capital returns framework.

The company also reported a 2025 property and casualty combined ratio of 94.2%, a key underwriting measure that stayed below 100% and therefore indicated technical profitability for the year. In the same 2025 reporting package, annualized core return on equity was 23.0%, which underlines how the group converted earnings into shareholder returns.

Combined ratio at 94.2%

For investors, the 94.2% combined ratio is one of the most useful numbers in the report because it connects pricing discipline with claims management. Zurich Insurance Group also said that its property and casualty business profit reached USD 4.4 billion in 2025, up 8% year on year, which added another quantified comparison to the underwriting story.

The group’s life segment produced business operating profit of USD 2.2 billion in 2025, while Farmers Management Services delivered USD 1.9 billion. Those segment figures show that Zurich Insurance Group stock is backed by more than one earnings engine, not a single line of business.

Capital strength still matters

Zurich Insurance Group reported a Swiss Solvency Test ratio of 252% at the end of 2025, which is a large capital buffer by any practical market standard. The group also said its 2025 property and casualty gross written premiums rose 7% to USD 39.9 billion, a second year-on-year comparison that points to both pricing and volume support.

That premium growth helps explain why the shares remain more sensitive to underwriting quality than to headline macro sentiment. The market relevance is straightforward: a 252% solvency ratio and a 94.2% combined ratio together describe a business that entered 2026 with room to keep distributing capital.

Property and casualty engine

In the product mix, property and casualty remains the clearest earnings driver. Zurich Insurance Group said the segment generated USD 4.4 billion of business profit in 2025, while gross written premiums reached USD 39.9 billion, making the division the core of the group’s scale story.

That same segment also benefited from a 7% increase in premiums, which is the cleanest growth comparison in the latest release. For readers tracking Zurich Insurance Group stock, the point is not only that profits grew, but that underwriting and premium momentum both stayed positive in the most recent full-year numbers.

Swiss quote context

Zurich Insurance Group stock trades on the SIX Swiss Exchange under the ticker SIX: ZURN. The share price, market capitalization, and other quote fields can be updated from the latest SIX market snapshot, while the 2025 report continues to supply the most recent full-year operating base for the company.