Zurich Insurance Group Ltd (ZURVY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Zurich Half Year Results 2026 conference call. I'm Vicky, the course call 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 star and 1 on your telephone. For operator assistance, please press star, then 0. Transcription by CastingWords We will not be taking any questions on the proposed acquisition of Beasley or comment on its results, given we are still two separate independent companies. Before I hand over to Mario for some opening remarks, please can I remind you to keep your questions for the Q&A session to a maximum of two. Over to you, Mario. Thank you, Adrienne. Good afternoon, everyone, and thank you for joining us today. Before we take your questions, I'd like to make a few remarks on our half-year results. I'd like to start with three messages that I'd like to highlight today. First, we delivered another record result. Business operating profit increased 13% to $4.8 billion and core EPS grew 11.5% with every business segment contributing to this growth. These results reflect the strength of our diversified model Our focus on execution and our ability to generate attractive returns through the cycles. Second, we are seeing strong momentum in our strategic growth areas. In property and casualty, our diversified portfolio allows us to expand selectively in areas where we see attractive returns, such as specialty and middle market. In life, protection growth reached double digits, well ahead of our targets, and our farmers Policy Count growth continues to build with exchanges gaining market share for the first time in a decade. And lastly, today...