Zurich Insurance Group AG (ZFI1) - Net Assets
Based on the latest financial reports, Zurich Insurance Group AG (ZFI1) has net assets worth €30.17 Billion EUR (≈ $35.27 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€407.21 Billion ≈ $476.07 Billion USD) and total liabilities (€377.05 Billion ≈ $440.81 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check ZFI1 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €30.17 Billion |
| % of Total Assets | 7.41% |
| Annual Growth Rate | -1.17% |
| 5-Year Change | -22.99% |
| 10-Year Change | -7.1% |
| Growth Volatility | 11.55 |
Zurich Insurance Group AG - Net Assets Trend (2013–2025)
This chart illustrates how Zurich Insurance Group AG's net assets have evolved over time, based on quarterly financial data. See Zurich Insurance Group AG (ZFI1) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zurich Insurance Group AG (2013–2025)
The table below shows the annual net assets of Zurich Insurance Group AG from 2013 to 2025. For live valuation and market cap data, see how much is Zurich Insurance Group AG worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €30.17 Billion ≈ $35.27 Billion |
+11.98% |
| 2024-12-31 | €26.94 Billion ≈ $31.49 Billion |
+2.51% |
| 2023-12-31 | €26.28 Billion ≈ $30.72 Billion |
-5.85% |
| 2022-12-31 | €27.91 Billion ≈ $32.63 Billion |
-28.74% |
| 2021-12-31 | €39.17 Billion ≈ $45.79 Billion |
-1.70% |
| 2020-12-31 | €39.85 Billion ≈ $46.58 Billion |
+9.02% |
| 2019-12-31 | €36.55 Billion ≈ $42.73 Billion |
+14.93% |
| 2018-12-31 | €31.80 Billion ≈ $37.18 Billion |
-8.86% |
| 2017-12-31 | €34.89 Billion ≈ $40.79 Billion |
+7.45% |
| 2016-12-31 | €32.47 Billion ≈ $37.96 Billion |
-1.31% |
| 2015-12-31 | €32.90 Billion ≈ $38.47 Billion |
-10.66% |
| 2014-12-31 | €36.83 Billion ≈ $43.06 Billion |
+6.03% |
| 2013-12-31 | €34.73 Billion ≈ $40.61 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Zurich Insurance Group AG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 27.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €35.79 Billion | 125.50% |
| Total Equity | €28.52 Billion | 100.00% |
Zurich Insurance Group AG Competitors by Market Cap
The table below lists competitors of Zurich Insurance Group AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Trane Technologies plc
F:2IS
|
$87.59 Billion |
|
Williams Companies Inc
NYSE:WMB
|
$87.64 Billion |
|
Tata Consultancy Services Limited
NSE:TCS
|
$87.71 Billion |
|
McKesson Corporation
NYSE:MCK
|
$88.33 Billion |
|
PNC Financial Services Group Inc
NYSE:PNC
|
$87.08 Billion |
|
Westpac Banking Corporation
AU:WBC
|
$86.62 Billion |
|
Johnson Controls International PLC
NYSE:JCI
|
$86.50 Billion |
|
Waste Management Inc
NYSE:WM
|
$86.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zurich Insurance Group AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 25,472,000,000 to 28,515,000,000, a change of 3,043,000,000 (11.9%).
- Net income of 6,798,000,000 contributed positively to equity growth.
- Dividend payments of 5,082,000,000 reduced retained earnings.
- Other factors increased equity by 1,327,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €6.80 Billion | +23.84% |
| Dividends Paid | €5.08 Billion | -17.82% |
| Other Changes | €1.33 Billion | +4.65% |
| Total Change | €- | 11.95% |
Book Value vs Market Value Analysis
This analysis compares Zurich Insurance Group AG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.15x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €220.14 | €29.60 | x |
| 2018-12-31 | €205.00 | €29.60 | x |
| 2019-12-31 | €236.42 | €29.60 | x |
| 2020-12-31 | €257.77 | €29.60 | x |
| 2021-12-31 | €255.45 | €29.60 | x |
| 2022-12-31 | €180.53 | €29.60 | x |
| 2023-12-31 | €172.65 | €29.60 | x |
| 2024-12-31 | €179.02 | €29.60 | x |
| 2025-12-31 | €200.42 | €29.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zurich Insurance Group AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.84%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.67%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 14.28x
- Recent ROE (23.84%) is above the historical average (13.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 12.39% | 5.59% | 0.17x | 12.77x | €777.70 Million |
| 2014 | 11.37% | 5.42% | 0.18x | 11.70x | €475.50 Million |
| 2015 | 5.91% | 3.04% | 0.16x | 12.25x | €-1.28 Billion |
| 2016 | 10.47% | 4.77% | 0.18x | 12.48x | €145.00 Million |
| 2017 | 9.09% | 4.69% | 0.15x | 12.77x | €-302.20 Million |
| 2018 | 12.31% | 7.87% | 0.12x | 13.10x | €697.10 Million |
| 2019 | 11.85% | 5.75% | 0.18x | 11.56x | €646.60 Million |
| 2020 | 10.02% | 6.51% | 0.13x | 11.48x | €6.20 Million |
| 2021 | 13.73% | 7.42% | 0.16x | 11.51x | €1.41 Billion |
| 2022 | 17.28% | 11.11% | 0.11x | 14.18x | €1.94 Billion |
| 2023 | 17.50% | 5.57% | 0.22x | 14.54x | €1.86 Billion |
| 2024 | 22.83% | 6.76% | 0.24x | 14.05x | €3.27 Billion |
| 2025 | 23.84% | 7.67% | 0.22x | 14.28x | €3.95 Billion |
Industry Comparison
This section compares Zurich Insurance Group AG's net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $28,628,617,924
- Average return on equity (ROE) among peers: 8.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zurich Insurance Group AG (ZFI1) | €30.17 Billion | 12.39% | 12.50x | $87.53 Billion |
| NN GROUP NV UNSP.ADR/1 (2NN0) | $21.65 Billion | 7.31% | 8.72x | $19.09 Billion |
| WATERDROP INC.ADS/10 CL.A (717) | $5.15 Billion | 11.04% | 0.38x | $411.15 Million |
| Allianz SE VNA O.N. (ALV) | $66.10 Billion | 10.01% | 11.84x | $140.11 Billion |
| ALLIANZ SE UNSP.ADR 1/10 (ALVE) | $61.56 Billion | 13.87% | 14.97x | $141.45 Billion |
| ASS.GENERALI ADR 1/2/EO 1 (ASG0) | $31.88 Billion | 8.93% | 17.39x | $54.86 Billion |
| AXA SA (AXAA) | $73.25 Billion | 2.92% | 11.71x | $78.11 Billion |
| MAPFRE S.A.ADR 2 / EO-10 (CMA) | $8.87 Billion | 6.35% | 4.88x | $12.03 Billion |
| AVIVA PLC SPONS.ADR/2 (GU80) | $16.69 Billion | 11.78% | 20.09x | $22.30 Billion |
| NÜRNBERGER Beteiligungs-AG (NBG6) | $966.57 Million | 4.32% | 35.21x | $1.38 Billion |
| RheinLand Holding AG (RLV) | $168.98 Million | 9.24% | 8.60x | $115.20 Million |
About Zurich Insurance Group AG
Zurich Insurance Group AG provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. It operates through Property & Casualty Regions, Life Regions, and Farmers segments. The company offers car and motor, home, travel, general liability, life and critical illness, and other insurance products; and saving and investment, … Read more