Zurich Insurance Group (Zurich) has reported its full-year 2025 performance in Asia Pacific, posting gross premiums of $7.5 billion and a record overall business operating profit (BOP) of $633 million, up 8% year over year.
The global multi-line insurer said the results reflect strong performance in its Life business alongside continued momentum in Property & Casualty (P&C) across both Commercial and Retail insurance.
Life gross premiums rose 16% to $3.2 billion, with new business contractual service margin (CSM) of $362 million and Life BOP of $286 million.
Within P&C, gross written premiums totalled $4.3 billion, up 8% compared to 2024, reflecting strong top-line momentum across the portfolio. BOP was $346 million, with a combined ratio of 94.3%.
During FY25, Zurich paid $3.1 billion in claims and continued to strengthen its customer experience and brand presence across the region.
Tulsi Naidu, CEO, Asia Pacific, Zurich Insurance Group said, “I am delighted to report another year of strong progress across our Asia Pacific business. These full-year results reflect the continued robust development of our franchise in the region supported by the investments we have made in recent years in each of our three segments – Life, Commercial Insurance and Retail P&C – resulting in revenue growth, alongside increased scale and profitability.
“The Life performance is a particular highlight, underpinned by strong trading performance across our markets, disciplined in-force porƞolio management, and continued delivery of new customer initiatives. We are seeing strong results in the independent distribution channel in Australia, Japan and Hong Kong, coupled with positive agency and partnership momentum in Indonesia and Malaysia.
“In Property and Casualty, the combination of our expanded footprint and deep capabilities across retail and commercial insurance have resulted in a scaled business with more than $4 billion GWP, which is well positioned for continued growth”.
Naidu added, “We remain focused on the growth of Zurich’s franchise across Asia Pacific and have a long-term positive outlook for the region. These results, coupled with the continued improvement in our brand and customer advocacy, position us well to meet the future opportunities across our markets.”
Yesterday, we covered the insurer’s group results for 2025, as well its January 1st reinsurance renewal.
