Zurich Insurance posts record profit of $7.4bn in 2023, announcing a $1.25bn share buyback.
Zurich Insurance posts record profit, announcing a $1.25bn share buyback. The company's operating profit exceeded analyst estimates, reaching $7.4bn in 2023, and the highest return on equity at 23.1%. Zurich's commercial insurance business and life business unit experienced growth, driving positive momentum. The dividend for 2023 will increase to 26 Swiss francs per share, and the company aims for earnings-per-share growth above 10% over the cycle.
February 22, 2024
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