Zurich Insurance Group Ltd (ZURVY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Zurich update for the first quarter 2026 conference call. I am Valentina, the call school operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operators distant, please press star and 0. The conference must not be recorded for publication or broadcasting. At this time, it's my pleasure to hand over to John Hawking. Please go ahead. Thank you very much, Valentina, and welcome, everybody, to Zero Concurrence Group's first quarter 2026 Q&A call. On the call today, we have our group CEO, Mario Greco, and the group CFO, Claudio Cordieri. Claudio will make some introductory remarks, but I'd like to remind everybody to please keep their questions to two. Thank you very much. Gladio. Thank you, John. Good afternoon, everyone. Thank you for joining us today. I'm Carly Perdioli, Group C4, and joined by our Group CEO, Mario Greco. I share first a brief overview of our results for the first quarter of 2026, after which we will open for questions. We have started the year strongly with high-quality growth accelerating across targeted business lines and customer segments, including specialty, middle market, and life protection. While the external geopolitical environment is uncertain, we are structurally well-positioned with a diversified product and geographic mix, and we think confident that we will meet or exceed our 2027 targets. Now, turning to each of the key businesses, I'll start with P&C. P&C has started the year strongly with GWP up 8% on a lifelong basis. Growth was broad-based with strong performances in North America and in ...