Zurich Insurance Q1 Net Profit Jumps 78%

Zurich Insurance Group AG

reported a 78% rise in its first-quarter earnings. Zurich Insurance's quarterly net profit surged to $1.14 billion, from $640 million, in the year-ago period. Its business operating profit gained 61% to $1.38 billion from $854 million. Zurich Insurance shares closed at $23.70 yesterday.