Zurich Insurance Group AG publishes shareholder letter on FY2025 remuneration report

  • Zurich published a shareholder letter responding to Glass Lewis proxy voting recommendations ahead of the April 8 AGM, including its position on the advisory vote on the remuneration report.
  • Glass Lewis supported the board’s maximum remuneration proposals but recommended voting against the remuneration report, citing concerns about short-term incentive structure and disclosure, long-term incentive design, and CEO pay-for-performance alignment.
  • Zurich said its short-term incentive framework uses pre-defined performance criteria and disclosed a Business Operating Profit target of USD 8.4 billion and an actual result of USD 8.9 billion.
  • The company said CEO key performance indicators included core EPS growth of 13% and cash remittance of USD 7.4 billion versus a USD 6.4 billion target.
  • Zurich said it plans to increase the CEO long-term incentive plan target from 225% to 250% for the 2026-2028 performance period.


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