Zurich Insurance has been given a 'Neutral' rating by UBS, with a target price of 475 Swiss francs. The rating is based on the company's nine-month financial figures.
Analyst Will Hardcastle highlighted the insurer's improved financial strength and the surplus generated by its subsidiary, Farmers Group, which enhances capital flexibility. However, Hardcastle noted that the growth in turnover within the property and casualty insurance segment did not meet his expectations.
This information was shared in a research note published on November 7, 2024.