Article ID: 382c2918247d7556992cc4c5a9c4cefe78debbaea797713b09f3810fecbc1eeb
Source ID: secondary:businessinsurance.com
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URL: https://www.businessinsurance.com/zurich-beats-operating-profit-forecast-led-by-pc-arm/
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Zurich beats operating profit forecast led by P&C arm - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Zurich beats operating profit forecast led by P&C arm Financial Results , P/C Insurers Switzerland Zurich Feb 19, 2026 (Reuters) — Zurich Insurance beat market expectations for annual operating earnings on Thursday, fueled by a better-than-expected performance in its property and casualty business, responsible for more than half of its gains. Europe’s second-largest insurer by market capitalization reported an operating profit of $8.86 billion, above analysts’ median estimate of $8.76 billion, according to a company-provided poll. The P&C unit, Zurich’s core business that led the broad-based consensus beat, reported an operating profit of $5.13 billion, benefiting from higher insurance revenue and an improved combined ratio of 92.6%. However, the company’s shares fell slightly in early trading, with analyst Roland Pfaender from Oddo Bhf saying the P&C insurance expense ratio was higher than expected. The Swiss insurer is on track to achieve or even exceed its 2027 targets, CEO Mario Greco said in a statement. It is aiming for a core return on equity of more than 23% between 2025 and 2027 and for cumulative cash generation exceeding $19 billion in the same period. Zurich Insurance said it would propose a dividend of 30 Swiss francs ($39) per share, in line with analysts’ expectations. It did not provide new details on its potential bid for British specialty insurer Beazley. Renewed concerns that new artificial intelligence tools could accelerate disruption in the insurance sector have weighed on shares this year, with the industry valuations down 3.3% in Europe .SXIP since the start of January. During a post-earnings call with journalists, Greco doubled down on the company’s commitment to the AI shift, while saying he did not expect introduction of these tools to lead to job reductions. “I don’t think AI is going to cut jobs overall, but it will diversify the skills needed to continue doing the job,” he told reporters. Greco said Zurich Insurance was accelerating investments into AI, notably through the previously announced plan to open an AI lab “soon,” though the exact timeline has not been specified. 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