Zurich in Asia Pacific reports H1 2026 Business Operating Profit of USD 348 million, up 15%; Life & Savings up 19%, Property & Casualty up 12%
Singapore, 6 August 2026 – Zurich Insurance Group (Zurich) today reported a strong performance in Asia Pacific for the six months ending 30 June 2026. This performance was underpinned by continued growth across both the Life & Savings (L&S) and Property & Casualty (P&C) businesses, supported by ongoing investment to expand Zurich’s presence across the region.
- Business Operating Profit (BOP) of USD 348 million, up 15% year-on-year
- Life & Savings BOP up 19% year-on-year, with Insurance Revenue of USD 1.4 billion, up 16%
- Property & Casualty BOP up 12% year-on-year, with Gross Written Premiums (GWP) of USD 2.3 billion, up 11%, and a Combined Ratio (COR) of 94.0%
Tulsi Naidu, CEO, Asia Pacific, Zurich Insurance Group, said: “We have seen strong performances from each of our markets this half year. The investments we’ve made over the past few years, building scale and capability across both Property & Casualty and Life & Savings, are resulting in strong, profitable growth across the region.”
Life insurance delivered an excellent performance, with the business building leadership and scale across three key growth areas: independent distribution, Group business, and digital partnerships. Alongside this, savings and unit-linked products delivered strong momentum, particularly in Japan and Hong Kong.
In P&C, growth was broad-based across commercial and retail segments. Despite softening market conditions, APAC commercial insurance improved its trading performance and strengthened its middle market capability, adding new partnerships in cyber, crop and professional indemnity, as well as winning significant new business. In retail, motor and SME portfolios underpinned growth, supported by ongoing distribution expansion.
Zurich continues to improve how it serves customers, redesigning journeys across purchasing, service and claims, and applying AI to sharpen customer experience, growth and efficiency. This work is building leading digital and customer capabilities across the region and has contributed to more than 50 awards won so far this year.
Tulsi Naidu concluded: “The insurance markets in Asia Pacific offer unique opportunities for growth and we are focused on building Zurich’s position across the region. This has been an excellent first half performance and our outlook is positive for the second half and beyond”
For further information, please contact:
Ben Evetts
Head of Communications & Marketing, Zurich APAC
ben.evetts@zurich.com.sg
Zurich Insurance Group (Zurich) is a leading global multi-line insurer founded more than 150 years ago, which has grown into a business serving more than 82 million customers in more than 200 countries and territories, while delivering industry-leading total shareholder returns.
Reflecting its purpose to ‘create a brighter future together,’ Zurich offers protection services that go beyond traditional insurance, to support its customers in building resilience. Since 2020, the Zurich Forest project has been supporting reforestation and biodiversity restoration in Brazil’s Atlantic Forest.
The Group has more than 65,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN) is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at www.zurich.com.
Disclaimer and cautionary statement
Certain statements in this document are forward-looking statements, including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives of Zurich Insurance Group Ltd or the Zurich Insurance Group (the Group). Forward-looking statements include statements regarding the Group’s targeted profit, return on equity targets, expenses, pricing conditions, dividend policy, underwriting and claims results, business initiatives (including, but not limited to, sustainability matters), as well as statements regarding the Group’s understanding of general economic, financial and insurance market conditions and expected developments. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results and plans, policies, initiatives and objectives of Zurich Insurance Group Ltd or the Group to differ materially from those expressed or implied in the forward-looking statements (or from past results). Factors such as (i) general economic conditions and competitive factors, particularly in key markets; (ii) the risk of a global economic downturn, in the financial services industries in particular; (iii) performance of financial markets; (iv) levels of interest rates and currency exchange rates; (v) frequency, severity and development of insured claims events; (vi) mortality and morbidity experience; (vii) policy renewal and lapse rates; (viii) increased litigation activity and regulatory actions; and (ix) changes in laws and regulations and in the policies of regulators, and the possibility of conflict between different governmental standards and regulatory regimes may have a direct bearing on the results of operations of Zurich Insurance Group Ltd and the Group and on whether the targets will be achieved. Zurich Insurance Group Ltd undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.
It should be noted that past performance is not a guide to future performance. Please also note that interim results are not necessarily indicative of full year results. Persons requiring advice should consult an independent adviser. This communication does not constitute an offer or an invitation for the sale or purchase of securities in any jurisdiction.
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