Zurich Insurance Group Ltd (ZURVY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to Zurich Half Year Results 2025 conference call. I am Valentina, the Colo 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 a Q&A session. You can register for questions at any time by pressing STA and 1 on your telephone. For operator assistance, it is best STA and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Mitchell Todd, Head of Investor Relations and Rating Agency Manager. Please go ahead, sir. Good afternoon, everybody, and welcome to Zurich Insurance Group's first half 2025 results Q&A call. On the call today is our Group CEO, Mario Greco, and our Group CFO, Claudia Corleone. Before I hand over to Mario for some introductory remarks, just a reminder for the Q&A, please keep questions to a maximum of two. Over to you, Mario. Thank you, Mitch. Hello. Good afternoon, everyone. Thank you for joining us today. Before we take your questions, I'd like to share a few brief reflections on our half-year results presented this morning. Zurich has delivered another outstanding performance through the first half of 2025, continuing the strong performance delivered in the past years. There are three important aspects of our results which I would like to highlight. Group business operating profit reached the record U.S. dollar 4.2 billion, up 6% year-on-year with each of our geographic and business segments showing positive progression. And this result underscores the strength of our diversified portfolio and the discipline execution across all business lines. Second, core ROE climbed to a highest ever 26.3%. Over the last decade, this represents a sizable 1...