|Bid||376.00 x N/A|
|Ask||394.00 x N/A|
|Day's range||384.20 - 387.50|
|52-week range||81.60 - 2,698.00|
|Beta (5Y monthly)||0.69|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||20.00 (5.31%)|
|Ex-dividend date||09 Apr 2021|
|1y target est||N/A|
Zurich Insurance Group will no longer underwrite new greenfield oil exploration projects, Europe's fifth-largest insurer said on Thursday in an investor day presentation that sought to burnish its green credentials. It said in March it planned a 25% cut in carbon intensity for listed equity and corporate bond investments by 2025 and a 30% cut for direct real estate investments.
Zurich Insurance plans to raise its dividend and said it is confident of hitting its 2022 targets after property and casualty (P&C) premiums rose 11% on a like-for-like basis in the first nine months of 2021. "It is certainly our intention to grow the dividend but I can't comment on precisely what will happen for this year," Chief Financial Officer George Quinn told reporters on a call. Zurich's shares fell 2% in early trading, with analysts saying its solid delivery was nothing to move the stock higher.
Zurich Insurance Group's on Thursday joined other big European insurers in reporting a strong rebound in earnings as the impact from COVID-19 on their businesses eased. In the Netherlands, NN Group reported a doubling in its first-half net profit, while Aegon recovered from a loss a year earlier to post a second-quarter net profit of 849 million euros ($996.13 million). Zurich's shares gained around 3%, whilst Aegon rose 6% and NN was up 2.4%.