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Zurich Insurance Q3 Net Profit Down 62%

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Zurich Insurance Group AG (OTC: ZURVY) reported a 62% decline in its third-quarter net profit.

Zurich Insurance's quarterly net profit dropped to $477 million, from $1.24 billion, in the year-ago period. Its business operating profit fell to $733 million from $1.12 billion.

Zurich Insurance's net profit for the 9 months declined to $2.7 billion from $3.2 billion.

Zurich Insurance shares closed at $24.37 yesterday.

Posted-In: profitEarnings News

 

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