Zurich Financial Services
03 July 2007




Zurich completes the share buyback program


    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, July 3, 2007 - Zurich Financial Services has completed the share buyback
program of CHF1.25 billion announced on February 15, 2007. Between February 22,
2007 and July 2, 2007, Zurich Financial Services has bought back 3,432,500 of
its registered shares via a second trading line of virt-x and at an average
price of CHF 364 (rounded) per share. The number of repurchased shares reflects
2.36 % of the share capital issued at the end of June.



Zurich Financial Services will submit a proposal to its shareholders at the
Annual General Meeting 2008 to reduce the share capital in the amount of the
repurchased shares and to cancel the shares.



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 150 countries.




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