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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Zurich Insurance Group
Zurich Insurance Group (ZURN) investor relations material
Zurich Insurance Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary6 Aug, 2026
Executive summary
Business operating profit reached a record USD 4.8 billion, up 13% year-over-year, with all segments contributing and core EPS rising 11.5% to USD 24.21; net income attributable to shareholders increased 14% to USD 3.5 billion.
Strongest growth observed in Specialty, Middle Market, Life, and Farmers, driven by demand for technology, infrastructure, and protection solutions.
Major acquisitions announced, including Beazley plc and ClearView Wealth Limited, with Beazley expected to close in H2 2026.
Confident in meeting or exceeding 2027 financial targets, supported by robust capital and favorable structural trends.
Financial highlights
Property & Casualty BOP up 16% to USD 2.8 billion; GWP grew 7% to USD 29.9 billion; combined ratio at 92.7%.
Life BOP up 23% to USD 1.3 billion; GWP at USD 19.5 billion; protection premiums up 10%.
Farmers BOP at a record USD 1.2 billion; GWP up 4% to USD 15.6 billion; combined ratio at 82.4%.
Net investment result on Group investments up 35% to USD 4.1 billion; net investment return at 2.4%.
Shareholders’ equity increased to USD 31.3 billion; Swiss Solvency Test ratio at 266%.
Outlook and guidance
Confident in meeting or exceeding all 2027 financial targets, with strong momentum at the midpoint of the three-year plan.
Life BOP for FY 2026 expected to grow by at least 10% year-over-year, above previous guidance.
Beazley acquisition, partly financed by a March 2026 capital raise, expected to close in H2 2026.
Continued focus on higher margin products and resilience in market conditions.
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Latest events from Zurich Insurance Group
- Record earnings and 23.1% BOPAT ROE support higher shareholder returns.ZURN
H2 2023 - $10.9bn acquisition of Beazley creates a global Specialty insurance leader with strong growth and synergies.ZURNInvestor presentation
- Strong Q1 growth, improved margins, and robust capital support 2027 target trajectory.ZURNQ1 2026
- On track to exceed 2027 targets with disciplined execution and strong growth in key segments.ZURNCMD 2025
- Record P&C premiums and robust growth in all segments drive strong profitability and capital strength.ZURNQ3 2025
- Record 2025-2027 targets set, driven by profitable growth, digitalization, and strong capital discipline.ZURNInvestor Day 2024
- Strong growth and margins across all segments, with SST ratio at 224% and positive outlook.ZURNQ3 2024
- Record profit, strong capital, and strategic acquisitions drive robust first half results.ZURNQ2 2024
- Record profit, strong capital, and robust segment growth set ambitious targets for 2027.ZURNQ4 2024
Next Zurich Insurance Group earnings date
Q3 202612 Nov, 2026
Zurich Insurance Group
Next Zurich Insurance Group earnings date
Q3 202612 Nov, 2026
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Frequently asked questions
Zurich Insurance Group AG provides a range of insurance and risk management products to individuals, small businesses, and large corporations. The company operates in life and general insurance markets globally and offers coverage through multiple distribution channels. It also provides reinsurance and investment services. The company is headquartered in Zurich, Switzerland, and its shares are listed on the SIX.