Zurich Insurance Sets New Financial Targets
2022年11月16日 - 3:58PM
Dow Jones News
By Maitane Sardon
Zurich Insurance Group AG on Wednesday set new financial targets
for the next three years and said it is on track to achieve the
targets it set three years ago.
The Swiss insurer said it is targeting compound organic growth
in earnings per share of 8% a year over the 2023 to 2025 period.
This will allow it to achieve a business operating profit after tax
return on equity in excess of 20% by 2025, it said.
Cash remittances are expected to be in excess of $13.5 billion
over the three years, the company said. It also targets a Swiss
Solvency Test ratio of at least 160%.
"Zurich plans to deliver these targets by accelerating its
customer-focused strategy and generating additional value for
shareholders," the company said.
Its dividend policy, which consists of a pay-out ratio of around
75% of net income attributable to shareholders, remains unchanged,
Zurich said.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
November 16, 2022 01:43 ET (06:43 GMT)
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