Zurich Financial Services
23 May 2007


Zurich increases key profitability target

    Zurich Financial Services
                 Mythenquai 2
                  8022 Zurich
                  Switzerland
               www.zurich.com
   SWX Swiss Exchange/virt-x:
                         ZURN
             Valor: 001107539

              Media Relations
    Phone +41 (0)44 625 21 00
      Fax +41 (0)44 625 26 41
             media@zurich.com

           Investor Relations
    Phone +41 (0)44 625 22 99
      Fax +41 (0)44 625 36 18
investor.relations@zurich.com

Zurich, May 23, 2007 - Zurich Financial Services Group (Zurich) has set forth
its strategic direction to the market and announced today a revised mid-term
target for its key financial metric, increasing the BOP (after tax) ROE(1)
target to 16% from 12%. The new target, to be announced at an analyst
presentation in Zurich, reflects the proven financial and operating strengths
Zurich has achieved over the last four years, as well as a strategic focus on
profitable growth in the world's most attractive insurance markets.

Zurich aspires to become a top-five insurer globally, strengthening its market
positions in mature and emerging markets, expanding its capital-light and
fee-income business, and positioning Zurich as the employer of choice for the
insurance industry globally.

'The revised ROE target does not represent a change in our aspiration but rather
a continuation of our journey to become the leading global group in our chosen
markets,' remarked Zurich's Chief Executive Officer James J. Schiro. 
'Proactively balancing the three critical levers of profitable growth, margin
enhancement and capital management gives us the confidence that we can deliver
on this ambitious ROE target and continue to generate top-tier financial results
for our shareholders throughout the cycle.'

This target is supported by growth and efficiency initiatives, which will be
discussed at the investors' conference today.  This conference can be followed
live on our website, www.zurich.com, and will subsequently be available for
video replay. The presentations will also be available for download. Details are
in the note below.

(1) Business operating profit (after tax) return on equity is calculated on 
common shareholders' equity. See the Financial Supplements and the Group 
Financial Review on the Investor Relations page of our Web site www.zurich.com 
for further information on shareholders' and common shareholders' equity.


Note to editors:

The presentation and the subsequent Q&A session will start at 11:00 CEDT and end
by 16:30 CEDT. A replay will be available from approximately 19:00 CEDT.

The presentation along with supporting materials will be available on our
website from 11:00 CEDT.

For those who wish to listen to the presentation by phone, please find the dial
in numbers below:

Europa:                           +41 (0)91 610 56 00

UK:                               +44 (0)20 7107 0611

USA:                               +1 (1)866 291 4166


Zurich Financial Services Group (Zurich) is an insurance-based financial
services provider with a global network of subsidiaries and offices in North
America and Europe as well as in Asia Pacific, Latin America and other markets.
Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs
approximately 55,000 people serving customers in more than 120 countries.


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            The company news service from the London Stock Exchange                 MGRP