Zurich Insurance Group has reported record property and casualty gross written premiums of $42.1bn for the nine months to 30 September 2026, up 7% on a like-for-like basis and 8% in US dollar terms, according to its third-quarter trading update published on 12 November.
In Commercial Insurance, gross written premiums rose 5%. Global Specialty grew 9%, led by a 17% rise in US Construction, while Middle Market grew 6%. Retail gross written premiums rose 9%, supported by new business and 4% rate growth, with motor up 14%.
Life gross written premiums rose 3% on a like-for-like basis to $28.6bn, with protection premiums up 11%. Gross written premiums at the Farmers Exchanges, the policyholder-owned exchanges to which Zurich provides services, rose 4% to $23.5bn, and the policy count increased by 342,000 over the nine months.
The catastrophe loss ratio for the nine months was 3.2%, compared with 1.4% a year earlier, with third-quarter storms in Switzerland, Germany, and Italy. Zurich's estimated Swiss Solvency Test ratio stood at 271% at 30 September, up from 266% at 30 June.
"Zurich continues to achieve strong growth, focused on areas where we see attractive returns, including Global Specialty, Middle Market and Life Protection," said Claudia Cordioli, Group Chief Financial Officer at Zurich Insurance Group.
She added: "Our diversified business model and disciplined approach allow us to navigate evolving market conditions and confirm our confidence that we will exceed all our targets."
Zurich completed its acquisition of London-based Beazley in October 2026. The company describes the combination as the world's leading specialty insurer.
Zurich Insurance Group is a global insurer headquartered in Zurich, Switzerland.
