Zurich Insurance Group AG (Zurich Insurance Group AG) Claims Ratio % : 0.00% (As of . 20)

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What is Zurich Insurance Group AG Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

Zurich Insurance Group AG's Claims Ratio % for the annual that ended in Dec. 2023 was 66.20% , which is higher than 0.00% for the pervious year ended in Dec. 2022.

The historical rank and industry rank for Zurich Insurance Group AG's Claims Ratio % or its related term are showing as below:

ZURVY's Claims Ratio % is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

Zurich Insurance Group AG Claims Ratio % Historical Data

The historical data trend for Zurich Insurance Group AG's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Zurich Insurance Group AG Claims Ratio % Chart

Zurich Insurance Group AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Claims Ratio %

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Expense Ratio %

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Combined Ratio %

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Competitive Comparison of Zurich Insurance Group AG's Claims Ratio %

For the Insurance - Diversified subindustry, Zurich Insurance Group AG's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Zurich Insurance Group AG (OTCPK:ZURVY) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %

Total Claims

Total Premiums Earned

100%

Zurich Insurance Group AG (OTCPK:ZURVY) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Zurich Insurance Group AG Claims Ratio % Related Terms

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Zurich Insurance Group AG (Zurich Insurance Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zurich Insurance Group AG (OTCPK:ZURVY) » Definitions » Claims Ratio %

Comparable Companies

Traded in Other Exchanges

ZFSVF:USA ZURN:Mexico ZURNz:UK 0QP2:UK ZFI1:Germany ZURN:Switzerland

Address

Mythenquai 2, Corporate Center, Zurich, CHE, 8002

Website

https://www.zurich.com

Zurich is a multiline insurer that writes business across both life and non-life insurance and also owns Farmers Management Services. The company was founded in 1872, originally as a marine reinsurer, to provide reinsurance to its parent company. Zurich subsequently expanded into transport and accident insurance and then rode the wave of transport technology innovation that drove rising demand for insurance. One of Zurich's early principles was that setting prices too low would result in unfair claims handling that would be damaging to both customers and Zurich. Over the years Zurich has sought to combine goodwill in claims with a sufficient premium. Zurich is now one of the most successful insurers in Europe.