Zurich Insurance Group Financial Performance from Time to Time- As the biggest insurance company in Swiss and one of the biggest insurance companies in Swiss, Zurich has long journey around more than 150 years to achieve this result. Zurich Insurance Group Ltd is a Swiss insurance company that has main office in Zürich. Historically, this company was founded on 1872 with the name of Versicherungs-Verein (insurance associations).
Along with business development from time to time, this insurance company have employed around 56 thousand of people and provides a wide range of property and casualty, life insurance products and services in more than 210 countries and territories. Globally, Zurich has branch office in some countries including Argentina, Australia, Austria, Kingdom of Bahrain, Belgium, Brazil, Canada, Chile, China, Colombia, Ecuador, Finland, France, Germany, Hong Kong, Indonesia, Ireland, Italy, Japan, Kuwait, Lebanon, Liechtenstein, Luxembourg, Malaysia, Mexico, Netherlands, New Zealand, Norway, Oman, Portugal, Qatar, Singapore, Spain, Sweden, Switzerland, Turkey, United Kingdom, United Arab Emirates, United States, and Slovakia.
The Zurich Group Financial Position from Time to Time
| Years | Assets | Liabilities | Equities |
|---|---|---|---|
| million US Dollars | million US Dollars | million US Dollars | |
| 2004 | 350,887 | 329,532 | 21,355 |
| 2005 | 339,612 | 316,372 | 23,240 |
| 2006 | 374,781 | 348,677 | 26,105 |
| 2007 | 389,344 | 360,167 | 29,177 |
| 2008 | 327,944 | 304,163 | 23,781 |
| 2009 | 368,914 | 337,435 | 31,478 |
| 2010 | 375,623 | 342,382 | 33,241 |
| 2011 | 385,869 | 351,852 | 34,017 |
| 2012 | 408,831 | 371,957 | 36,874 |
| 2013 | 415,053 | 380,319 | 34,734 |
| 2014 | 406,529 | 369,700 | 36,830 |
| 2015 | 381,972 | 349,069 | 32,904 |
| 2016 | 382,348 | 349,875 | 32,473 |
| 2017 | 422,065 | 387,172 | 34,893 |
| 2018 | 395,342 | 363,540 | 31,802 |
| 2019 | 404,688 | 368,139 | 36,549 |
| 2020 | 439,299 | 399,453 | 39,846 |
| 2021 | 435,826 | 396,656 | 39,170 |
| Source : Zurich Annual Report, 2004-2021 | |||
The description was obtained from Balance sheet of Annual Report in from 2004 to 2021. Basically, balance sheet describes the financial position of the company. Based on its components, balance consist of Assets, Liabilities, and Equities. Basically, Assets is the physical and non-physical properties that company owned while running the business. Meanwhile, Liabilities is the obligation or debts that company owned that it must be paid off in the future. Lastly, Equities is difference value between assets and liabilities. Some called it as net assets.
from 2004 to 2021, the assets, liabilities, and equities of Zurich insurance company has increased gradually. Assets has increased from 350 billion US Dollar to 435 billion US Dollars. Furthermore, liabilities has also in the same way with increasing value from 329 billion US Dollar to 396 billion US Dollar in 2021. Lastly, Equities has increase from 21 billion US Dollars to 39 billion US Dollar.
The Zurich Group Business Performance from Time to Time
| Years | Revenue | Net Income |
|---|---|---|
| million US Dollars | million US Dollars | |
| 2004 | 61,214 | 2,466 |
| 2005 | 67,186 | 3,214 |
| 2006 | 65,002 | 4,620 |
| 2007 | 55,163 | 5,626 |
| 2008 | 32,349 | 3,039 |
| 2009 | 70,272 | 3,215 |
| 2010 | 67,857 | 3,428 |
| 2011 | 52,983 | 3,766 |
| 2012 | 70,411 | 3,887 |
| 2013 | 72,045 | 4,028 |
| 2014 | 72,571 | 3,949 |
| 2015 | 60,568 | 1,842 |
| 2016 | 67,245 | 3,211 |
| 2017 | 63,961 | 3,004 |
| 2018 | 47,180 | 3,716 |
| 2019 | 71,792 | 4,147 |
| 2020 | 59,001 | 4,071 |
| 2021 | 69,867 | 5,425 |
| Source : Zurich Annual Report, 2004-2021 | ||
The description of Business Performance can be found in the Income statement of Annual Report. Basically, income statement describes the business performance of the company in specific year. Many investors can look and analyse the result of the company in running its business in the income statements.
Form 2004 until 2021, the revenue of the company has slightly increased from time to time. in 2004, the revenue of company just still in 61 billion US Dollar and in 2021, it becomes 69 billion. Meanwhile, the company also stable in reaping the net income. in 2004, the Zurich’s net income is around 2.4 billion US Dollar and in 2021, the Zurich’s net income achieved 5.4 billion US Dollar.
The Return of Assets, Return of Equities, and Net Profit Margin
Based on the data from balance sheet and income statements of annual report, some financial indicators can be measured. Return on Assets of the company from 2004 to 2021 is 0.95% on average. Meanwhile, Return on Equities is about 11 % on average from 2004 to 2021. Lastly, Net Profit Margin is around 6% on average.
Bibliography of Zurich Insurance Group Financial Performance From Time to Time
Zurich. Investor Relations. Accessed via https://www.zurich.com/investor-relations on May 22nd, 2023.