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Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
Zurich Insurance Group AG's Degree of Operating Leverage for the quarter that ended in Jun. 2026 was 0.79. The higher Degree of Operating Leverage, the higher operating risk the company will take.
The industry rank for Zurich Insurance Group AG's Degree of Operating Leverage or its related term are showing as below:
ZFSVF's Degree of Operating Leverage is ranked better than 54.47% of 358
companies
in the Insurance industry
Industry Median: 1.09
vs ZFSVF: 0.79
Zurich Insurance Group AG (OTCPK:ZFSVF) Degree of Operating Leverage Explanation
Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.
A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.
Be Aware
The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.
Zurich Insurance Group AG Degree of Operating Leverage Related Terms
Zurich Insurance Group AG Degree of Operating Leverage Historical Data
* Premium members only.
The historical data trend for Zurich Insurance Group AG's Degree of Operating Leverage 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.
Zurich Insurance Group AG Degree of Operating Leverage Chart
ZFSVF vs BRK.A, AIG, HIG: Degree of Operating Leverage Comparison
For the Insurance - Diversified subindustry, Zurich Insurance Group AG's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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 Degree of Operating Leverage vs Insurance Industry
For the Insurance industry and Financial Services sector, Zurich Insurance Group AG's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where Zurich Insurance Group AG's Degree of Operating Leverage falls into.
* 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.
** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
What does a Degree of Operating Leverage of 0.79 mean?
Zurich Insurance Group AG (ZFSVF) has a Degree of Operating Leverage of 0.79 as of Jun. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Zurich Insurance Group AG and its competitors. According to the industry distribution chart, Zurich Insurance Group AG ranks #163 out of 358 companies in the Insurance industry, placing it in the top 45.5%.
Is Zurich Insurance Group AG's Degree of Operating Leverage too high?
Zurich Insurance Group AG's current Degree of Operating Leverage is 0.79. The Insurance industry median Degree of Operating Leverage is 1.09. Zurich Insurance Group AG's value of 0.79 is 27.5% below this industry median. Based on the distribution chart, Zurich Insurance Group AG ranks #163 out of 358 companies in the Insurance industry, which is above the industry midpoint. Overall, Zurich Insurance Group AG has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zurich Insurance Group AG's Degree of Operating Leverage compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Zurich Insurance Group AG ranks #163 out of 358 companies for Degree of Operating Leverage. This puts Zurich Insurance Group AG in the upper half of its industry. The industry median Degree of Operating Leverage is 1.09. Zurich Insurance Group AG's value of 0.79 is 27.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for an Insurance company?
The median Degree of Operating Leverage among Insurance companies is 1.09, based on 358 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zurich Insurance Group AG's current Degree of Operating Leverage of 0.79 is 27.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Zurich Insurance Group AG and its competitors. For the Insurance industry, the median Degree of Operating Leverage is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zurich Insurance Group AG's current Degree of Operating Leverage is 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zurich Insurance Group AG stock overvalued right now?
Based on GuruFocus' analysis, Zurich Insurance Group AG (ZFSVF) is currently considered Fairly Valued. The stock's GF Value™ is $660.23, compared to a current price of $728.64 — trading 10.4% above its estimated fair value. The current Degree of Operating Leverage is 0.79 and 27.5% below the Insurance industry median of 1.09. Zurich Insurance Group AG's overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For Zurich Insurance Group AG (ZFSVF), the current Degree of Operating Leverage is 0.79 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Zurich Insurance Group AG (ZFSVF) Overvalued in 2026?
Based on GuruFocus' analysis, Zurich Insurance Group AG stock appears to be overvalued.
The current stock price of $728.64 is trading 10.4% above its estimated GF Value™ of $660.23.
GuruFocus considers Zurich Insurance Group AG to be Fairly Valued.
Key valuation signals for ZFSVF:
Degree of Operating Leverage: 0.79
GF Value™: $660.23 vs. price of $728.64 (10.4% above fair value)
Industry Position: 27.5% below the Insurance median (#163 of 358)
No single metric tells the full story. See the ZFSVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zurich is a multiline insurer that writes business across both life and nonlife insurance and also owns Farmers Management Services. Zurich was founded in 1872 as a marine reinsurer to provide reinsurance to its parent company. The company subsequently expanded into transport and accident insurance and 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, which would be damaging to both customers and Zurich. Over the years, Zurich has sought to combine customer goodwill through claims and a sufficient premium. Zurich is one of the most successful European multilines.
79GF Score
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