Zurich Insurance Group Ltd has been downgraded to a Sell rating by UBS due to concerns about its performance.

The company primarily operates in the insurance sector, with the majority of its income coming from general insurance (75.2% of total income). Life insurance contributes 19.6% to the income, while other segments such as network services and asset management make up only 0.7%. The Farmers Group, which provides risk selection and policy administration services, contributes 4.5% to the overall income.

UBS's rating change reflects a cautious outlook on Zurich Insurance's future prospects in light of changing market conditions.