Zurich reports interim profits
by Richard Kilner
Story link: Zurich reports interim profits
Zurich Insurance Group has reported a business operating profit of $2.5bn during the first six months of 2012.
This is a healthy increase on the $2.1bn the firm made during the corresponding period last year.
Biannual net income attributable to shareholders also improved, year-on-year, from $2bn to $2.2bn.
Quarterly business operating profit was $1.1bn, a decline from the $1.3bn it made in Q2 2011.
Net income also fell year-on-year for the second quarter, from $1.3bn to $1.1bn.
Chief Executive Officer Martin Senn described Zurich’s interim results as proof that the firm’s strategic approach was working, and said that the results were very good in a challenging environment.
Senn went on to say that the firm’s growth strategy, fostering more business in the rapidly growing regions of Latin America, the Middle East and Asia Pacific, was being successfully executed.