2024-02-23 15:05:49 ET
Summary
- Zurich Insurance reported noteworthy results in the Farmers' division.
- A higher reinvestment yield and in-line combined ratio allowed Zurich to reach record profit.
- Supportive shareholder remuneration with a total yield of >7% means Zurich is still a buy.
Zurich Insurance Group ( ZURVY ) just released its Q4 and Fiscal Year 2023 results. Here at the Lab, we have followed the company for a long time. After the H1 results, we released a publication called Best ROE And Safest Balance Sheet, Buy More , which is very much in line with the company's Q4 press release title. Given the output, we are satisfied with Zurich's financial and operational evolution....
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Zurich Insurance: Upgraded EPS Means A Higher Valuation