ZURICH (dpa-AFX) – Zurich Insurance Group AG (ZURVY), a major insurance company, on Thursday announced financial targets for the period 2025 to 2027.
By the end of 2027, the company expects core earnings per share growth of more than 9 percent, with a core return on equity of more than 23 percent and cumulative cash transfers of more than $19 billion.
For commercial insurance, the Group expects operating profit to exceed $4.2 billion and mid-market gross premiums to exceed $10 billion by the end of 2027.
In life insurance, gross premiums for protection are expected to rise to a compound annual growth rate of 8 percent with further growth in the capital-light unit-linked business.
Zurich’s protection business, which represents almost 60 percent of the life company’s operating profit, will be consolidated under one global unit.
Farmers Insurance is committed to growing the number of policies and the Farmers Exchanges expect sustainable, mid-single digit growth in gross premiums over the next three years.
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