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Zurich Financial Group first-quarter net profit leaps 78% to 849 mil. euros

AFP
May 11, 2012, 12:01 am TWN

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ZURICH -- Swiss insurer Zurich Financial Group on Thursday said net profit in the first quarter to March surged 78 percent to a better-than-forecast US$1.1 billion (849 million euros). The group also said in a statement that its business volume increased 10 percent to US$19.6 billion.

The combined ratio, used by insurance companies to indicate how well they are performing in daily operations, improved to 94.6 percent from 103.6 year on year.

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