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Insurer Zurich sees first-half profits surge

AFP · 16 Aug 2012, 12:11

Published: 16 Aug 2012 12:11 GMT+02:00

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The profit was in line with expectations of analysts surveyed by the Swiss financial news agency AWP.

Business operating profit income climbed 17 percent to $2.5 billion and sales rose seven percent to $37.5 billion between January and June, Zurich said in a statement.

In the second quarter net profit 19 percent to $1.1 billion, with operating profit up 12 percent to $1.3 billion.

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"We are successfully executing our growth strategy, as the increased contribution to business volume from the high-growth regions of Latin America, the Middle East and Asia Pacific shows, and we see promising delivery from selected mature markets," the company said.

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