Zurich: ambitious targets for 2025-2027
(CercleFinance.com) - Zurich unveiled a new three-year strategic plan on Thursday, with a view to continuing to be generous to its shareholders, a decision that was welcomed by the stockmarket.
At its investor day, the Swiss insurance group announced its new targets for 2025-2027, which include an average annual growth forecast of over 9% in core EPS.
It also said it was aiming for a return on equity of at least 23%, as well as more than $19bn in cash redistributions to its shareholders.
Zurich, which stresses that it is well on track to achieving the targets of its previous 3-year plan (2023-2025) a year ahead of schedule - points out that these are the most ambitious targets it has ever set itself.
The insurer - which claims some 75 million clients worldwide - points out that it has paid out no less than 28bn Swiss francs to its shareholders, in the form of share buybacks and dividends, over the past eight years.
On the technological front, the group says it has now deployed artificial intelligence (AI) across all its markets, and now offers 541 AI-enabled applications designed to improve and simplify the customer experience.
With a gain of over 2%, Zurich shares were the biggest risers on the SMI index of leading Swiss stocks on Thursday morning.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
At its investor day, the Swiss insurance group announced its new targets for 2025-2027, which include an average annual growth forecast of over 9% in core EPS.
It also said it was aiming for a return on equity of at least 23%, as well as more than $19bn in cash redistributions to its shareholders.
Zurich, which stresses that it is well on track to achieving the targets of its previous 3-year plan (2023-2025) a year ahead of schedule - points out that these are the most ambitious targets it has ever set itself.
The insurer - which claims some 75 million clients worldwide - points out that it has paid out no less than 28bn Swiss francs to its shareholders, in the form of share buybacks and dividends, over the past eight years.
On the technological front, the group says it has now deployed artificial intelligence (AI) across all its markets, and now offers 541 AI-enabled applications designed to improve and simplify the customer experience.
With a gain of over 2%, Zurich shares were the biggest risers on the SMI index of leading Swiss stocks on Thursday morning.
Copyright (c) 2024 CercleFinance.com. All rights reserved.