GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zurich Insurance Group AG (CHIX:ZURNz) » Definitions » Altman Z-Score

Zurich Insurance Group AG (CHIX:ZURNZ) Altman Z-Score


View and export this data going back to 2008. Start your Free Trial

What is Zurich Insurance Group AG Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.

Zurich Insurance Group AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zurich Insurance Group AG (CHIX:ZURNz) » Definitions » Altman Z-Score
Comparable Companies
XSWX:SLHN XSWX:HELN XSWX:BALN XSWX:VAHN BRK.A XTER:ALV XPAR:CS AIG MIL:G ACGL TSX:SLF OHEL:SAMPO XTER:TLX LSE:AV. EQH OCSE:TRYG XAMS:NN BSP:BBSE3 BOM:540716 XAMS:AGN
Traded in Other Exchanges
ZURVY:USA ZFSVF:USA ZURN:Mexico 0QP2:UK ZFI1:Germany ZURNE:Switzerland 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 nonlife insurance and also owns Farmers Management Services. The company was founded in 1872 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, 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 insurers.