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Zurich Insurance Group AG ZURN.SW

CH · SIX Swiss Exchange · XSWX · stock · Financial Services · website

Zurich Insurance Group AG statistics & valuation

P / E13.0×
P / S1.0×
P / B3.1×
P / FCF16.2×
Net margin7.7%
FCF margin6.1%
Net debt$8.6B
Enterprise value$116.9B
Graham number -23.7%$450.27

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($450.27); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.90% 5.60% 6.80% 7.70% 2022202320242025
Gross margin (%)
2022202320242025
Operating margin (%)
2022202320242025
Return on equity (%)
15.40% 17.50% 22.80% 23.80% 2022202320242025
Shares outstanding
149.4M 149.4M 149.4M 149.4M 2022202320242025
Net debt ($)
$8.15B $8.18B $7.66B $8.60B 2022202320242025
Share buybacks ($)
$770.0M $2.02B $1.31B 2022202320242025
Return on assets (%)
1.20% 1.20% 1.60% 1.70% 2022202320242025
Free cash flow margin (%)
10.10% 8.90% 8.40% 6.10% 2022202320242025
Debt / equity (×)
0.61× 0.62× 0.57× 0.55× 2022202320242025
EPS ($)
$26.50 $29.73 $40.15 $47.20 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Zurich Insurance Group AG trades at about 12.5× earnings — below its 10-year norm (10-year range 11.6×–17.1×, median 14.8×).

11.6× 17.1×

Shaded band = 10-year range (11.6×–17.1×); dot = today's 12.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Net margin7.7%6.8%5.6%8.9%
FCF margin6.1%8.4%8.9%10.1%
Return on assets1.7%1.6%1.2%1.2%
Return on equity23.8%22.8%17.5%15.4%
Debt / equity0.49×0.50×0.50×0.53×

Computed from company filings · CH · as of 2025-12-31. Figures in USD. Facts plus Stocktoria's own computed scores — not investment advice.