Zurich Insurance Group AG (SWX: ZURN)

Zurich Insurance Group AG Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	57,771	56,001	50,680	42,929	39,835	40,231
Total Interest & Dividend Income	12,874	13,193	3,600	19,439	12,289	24,780
Gain (Loss) on Sale of Investments	-45	-696	-1,844	2,038	2,047	2,093
Non-Insurance Activities Revenue	93	98	112	102	109	71
Other Revenue	6,264	6,097	6,092	1,279	961	1,132
Total Revenue	76,957	74,693	58,640	70,052	58,944	72,087
Revenue Growth (YoY)	24.83%	27.38%	-16.29%	18.85%	-18.23%	52.71%
Policy Benefits	51,912	50,304	46,329	43,785	35,845	47,803
Policy Acquisition & Underwriting Costs	-	-	-	9,213	8,555	8,529
Selling, General & Administrative	3,534	3,583	3,757	8,794	8,006	8,020
Non-Insurance Activities Expense	87	99	236	285	802	939
Other Operating Expenses	2,625	2,727	2,341	-	-	-
Total Operating Expenses	58,158	56,713	52,663	62,077	53,208	65,291
Operating Income	18,799	17,980	5,977	7,975	5,736	6,796
Interest Expense	-11,415	-11,419	-444	-469	-399	-401
Other Non Operating Income (Expenses)	2	1	-	-1	1	-
EBT Excluding Unusual Items	7,386	6,562	5,533	7,505	5,338	6,395
Gain (Loss) on Sale of Assets	-50	-104	-159	-185	57	-295
Pretax Income	7,336	6,458	5,374	7,320	5,395	6,100
Income Tax Expense	2,070	1,741	1,076	1,895	1,323	1,716
Earnings From Continuing Ops.	5,266	4,717	4,298	5,425	4,072	4,384
Minority Interest in Earnings	-381	-366	-334	-223	-238	-237
Net Income	4,885	4,351	3,964	5,202	3,834	4,147
Net Income to Common	4,885	4,351	3,964	5,202	3,834	4,147
Net Income Growth	18.80%	9.76%	-23.80%	35.68%	-7.55%	11.60%
Shares Outstanding (Basic)	144	145	148	149	148	148
Shares Outstanding (Diluted)	146	146	150	150	150	150
Shares Change (YoY)	-1.85%	-2.16%	-0.33%	0.07%	0.13%	0.07%
EPS (Basic)	33.85	29.95	26.70	34.99	25.85	28.01
EPS (Diluted)	33.56	29.73	26.50	34.66	25.56	27.69
EPS Growth	21.04%	12.19%	-23.54%	35.60%	-7.69%	11.52%
Free Cash Flow	7,490	6,927	4,507	2,591	5,149	4,132
Free Cash Flow Per Share	51.46	47.33	30.13	17.27	34.33	27.59
Dividend Per Share	30.877	30.877	25.955	24.133	22.605	20.651
Dividend Growth	18.96%	18.96%	7.55%	6.76%	9.46%	6.94%
Operating Margin	24.43%	24.07%	10.19%	11.38%	9.73%	9.43%
Profit Margin	6.35%	5.83%	6.76%	7.43%	6.50%	5.75%
Free Cash Flow Margin	9.73%	9.27%	7.69%	3.70%	8.74%	5.73%
EBITDA	18,827	18,226	6,210	8,250	5,972	7,163
EBITDA Margin	24.46%	24.40%	10.59%	11.78%	10.13%	9.94%
D&A For EBITDA	28	246	233	275	236	367
EBIT	18,799	17,980	5,977	7,975	5,736	6,796
EBIT Margin	24.43%	24.07%	10.19%	11.38%	9.73%	9.43%
Effective Tax Rate	28.22%	26.96%	20.02%	25.89%	24.52%	28.13%
Revenue as Reported	-	-	-	69,867	59,001	71,792

Source: S&P Capital IQ. Insurance template. Financial Sources.