Earnings calls of companies listed in Switzerland ·
Switzerland earnings calls, 12 November 2026: Zurich confident of exceeding 2027 targets
On its call for the third quarter of fiscal year 2026, Zurich Insurance Group's chief financial officer said the company remains confident it will exceed its fiscal year 2027 targets.
An update from FactIQ, written from company statements in earnings calls of companies listed in Switzerland. What is FactIQ?
Key figures
- Zurich Insurance Group, non-standard auto insurance rate increases
- mid-single-digitstated by the chief executive; standard auto rates are expected to follow after a short lag
- Zurich Insurance Group, catastrophe losses, fiscal year 2026, expected
- within, but toward the upper end of, full-year guidancestated by the chief financial officer; assumes a normal level of catastrophes in the fourth quarter of fiscal year 2026
Zurich expects 2026 catastrophe losses near the top of its guidance and said it would meet its life profit guidance
- The chief financial officer said that, assuming a normal level of catastrophes in the fourth quarter of fiscal year 2026, Zurich expects catastrophe losses for fiscal year 2026 to be within, but toward the upper end of, full-year guidance.
- The chief financial officer said the company was confident it would meet its increased full-year life profit guidance for fiscal year 2026.
- The chief executive said Zurich would like its life business to grow over proportionally within its portfolio. Analysts asked whether life could grow to one-third of the business and whether Zurich would invest more to achieve that. Management deflected the question.
Zurich's chief executive said auto insurance rates are rising
- The chief executive said non-standard auto rates are already rising at a mid-single-digit rate.
- The chief executive said standard auto rates are expected to follow after a short lag, as the market approaches a turning point.
- The chief executive said the company sees no specific change in its data-center underwriting outlook over the next years. The chief executive said Zurich's underwritten projects are a small fraction of the total, and many other projects await financing or underwriting.
Zurich plans more detailed reporting next year and described a more stable crop business
- The chief financial officer said that next year the company plans to report its US commercial, international, and specialty business separately, including underwriting results and premiums for each.
- The chief financial officer said the crop business appeared to be in its second year of a much more stable environment after a very strong prior year.
- Analysts asked Zurich to quantify the margin impact of crop in the third quarter against a normal run rate, and to explain whether Farmers motor and homeowners momentum changed quarter on quarter in the competitive market. Management gave partial answers to both.
Source: Earnings calls of companies listed in Switzerland.