Zurich Insurance Group (Zurich) announced its 2025 full-year results for the Asia-Pacific region, with total premiums reaching US$7.5 billion and overall business operating profit (BOP) reaching a record US$633 million, a year-on-year increase of 8%.
The global multi-line insurer said the results reflected strong performance in its life business and continued momentum in property and casualty (P&C) across commercial and retail lines.
Life insurance gross premiums increased by 16% to US$3.2 billion, new business contract service profits (CSM) were US$362 million, and life insurance balance of payments was US$286 million.
In property and casualty, total written premiums totaled $4.3 billion, an increase of 8% over 2024, reflecting strong revenue momentum across the portfolio. The balance of payments was US$346 million, with a combined ratio of 94.3%.
During FY25, Zurich paid $3.1 billion in claims and continues to strengthen its customer experience and brand presence in the region.
Tulsi Naidu, CEO of Zurich Insurance Group Asia Pacific, said: “I am pleased to report another strong development in our Asia Pacific business. These full-year results reflect the continued strong development of our franchise business in the region, driven by the investments we have made in recent years in our three business areas of life insurance, commercial insurance and retail property and casualty insurance, resulting in improved revenue growth, scale and profitability.”
“The performance of life insurance was a particular highlight, driven by strong trading performance across our markets, disciplined and effective portfolio management and continued delivery of new client programs. We saw strong results from our standalone distribution channels in Australia, Japan and Hong Kong, coupled with positive agency and partnership momentum in Indonesia and Malaysia.
“In P&C, our expanded reach and deep capabilities in retail and commercial insurance combine to create a scaled business with a global warming potential of more than $4 billion, well positioned for continued growth.”
Naidu added: “We remain focused on the growth of Zurich’s franchise in Asia Pacific and have a positive long-term outlook for the region. These results, coupled with continued improvements to our brand and customer communications, position us well to meet future opportunities across the market.”
Yesterday, we reported on the insurer’s 2025 group results, as well as its reinsurance renewals on 1 January.
