Zurich Insurance Group AG (Zurich Insurance Group AG) Long-Term Capital Lease Obligation : $1,465 Mil (As of Dec. 2023)

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What is Zurich Insurance Group AG Long-Term Capital Lease Obligation?

Zurich Insurance Group AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,465 Mil.

Zurich Insurance Group AG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($1,509 Mil) to Jun. 2023 ($0 Mil) but then increased from Jun. 2023 ($0 Mil) to Dec. 2023 ($1,465 Mil).

Zurich Insurance Group AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1,652 Mil) to Dec. 2022 ($1,509 Mil) and declined from Dec. 2022 ($1,509 Mil) to Dec. 2023 ($1,465 Mil).

Zurich Insurance Group AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zurich Insurance Group AG's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Zurich Insurance Group AG Long-Term Capital Lease Obligation Chart

Zurich Insurance Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,712.00

1,847.00

1,652.00

1,509.00

1,465.00

Zurich Insurance Group AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,652.00	-	1,509.00	-	1,465.00

Zurich Insurance Group AG (OTCPK:ZFSVF) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Zurich Insurance Group AG Long-Term Capital Lease Obligation Related Terms

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Zurich Insurance Group AG (Zurich Insurance Group AG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

ZURVY:USA ZURN:Mexico ZURNz:UK 0QP2:UK ZFI1:Germany ZURN:Switzerland

Address

Mythenquai 2, Corporate Center, Zurich, CHE, 8002

Website

https://www.zurich.com

Zurich is a multiline insurer that writes business across both life and non-life insurance and also owns Farmers Management Services. The company was founded in 1872, originally as a marine reinsurer, to provide reinsurance to its parent company. Zurich subsequently expanded into transport and accident insurance and then rode the wave of transport technology innovation that drove rising demand for insurance. One of Zurich's early principles was that setting prices too low would result in unfair claims handling that would be damaging to both customers and Zurich. Over the years Zurich has sought to combine goodwill in claims with a sufficient premium. Zurich is now one of the most successful insurers in Europe.