Invitation to AGM

Agenda

1. Reporting for the financial year 2022

1.1 Approval of the Management Report, the Annual Financial Statements and the Consolidated Financial Statements 2022

Proposal

The Board of Directors (Board) proposes to approve the Management Report, the Annual Financial Statements and the Consolidated Financial Statements of Zurich Insurance Group Ltd for the financial year 2022.

Explanation

The Board submits the management report and the annual and consolidated financial statements for each financial year to the general meeting of shareholders (General Meeting) for approval. The Management Report consists of the information on the business, organization and strategy of Zurich Insurance Group Ltd (Zurich) included in the Annual Report 2022 (Annual Report), while the Annual and Consolidated Financial Statements are part of the financial reporting (see sections "consolidated financial statements" and "holding company" of the Annual Report, available at: www.zurich.com/en/investor-relations/results-and-reports).

The auditors Ernst & Young Ltd, Zurich (EY), recommend to the General Meeting in their audit reports, included in the Annual Report, that Zurich's Annual and Consolidated Financial Statements 2022 be approved.

1.2 Advisory vote on the Remuneration Report 2022

Proposal

The Board proposes to approve the Remuneration Report of Zurich Insurance Group Ltd for the financial year 2022 in an advisory vote.

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Explanation

The Board submits the remuneration report for each financial year to the General Meeting for an advisory vote. The Remuneration Report of Zurich (Remuneration Report), included in the Annual Report, explains the remuneration structure and governance as well as the remuneration paid to the members of the Board and the Executive Committee in the reporting year.

EY has audited the legally required parts of the Remuneration Report and confirmed in its audit report, included in the Annual Report, that the Remuneration Report complies with the law and art. 14-16 of the Ordinance against Excessive Compen­ sation in Stock Exchange Listed Companies.

2. Appropriation of the available earnings

Proposal

The Board proposes to appropriate the available earnings as follows:

If the Board's proposal is approved, the dividend, less 35 percent Swiss withholding tax, will be paid as from April 14, 2023. The last trading day with entitlement

to receive the dividend is April 11, 2023. As from April 12, 2023, the shares will be traded ex-dividend.

1  These figures are based on the share capital issued as at December 31, 2022, and may change depending

on the number of shares issued as at April 13, 2023. Treasury shares held by Zurich or its wholly owned subsidiaries do not receive dividends

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Explanation

The available earnings originate as follows:

The Annual General Meeting (AGM) is responsible for passing resolutions on the appropriation of available earnings and the distribution of a dividend. The proposed dividend corresponds to Zurich's dividend policy (available at: www.zurich.com/en/investor-relations/our-shares/dividends).

EY has audited the proposed appropriation of the available earnings and confirmed in its audit report, included in the Annual Report, that it complies with Swiss law and the Articles of Association of Zurich (Articles of Association).

3. Discharge of the members of the Board and the Executive Committee

Proposal

The Board proposes that discharge be granted to the members of the Board and the Executive Committee for their activities in the financial year 2022.

Explanation

By granting discharge to the members of the Board and the Executive Committee, the approving shareholders declare that they will no longer hold the responsible persons accountable for matters that occurred during the past financial year and were brought to the attention of the General Meeting.

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