Zurich Financial Reports 88% Jump In Q2 Net Profit

Zurich Financial Services AG ZFSVY reported an 88% surge in its Q2 net profit. Zurich Financial's quarterly net profit surged to $1.33 billion, from $707 million, in the year-ago period. However, analysts were expecting a net profit of $1.09 billion. Its business volume rose 7% to $17.13 billion. Zurich Financial's income from investments surged to $2.52 billion from $2.01 billion. Zurich Financial shares dropped 5.28% to close at $19.90 yesterday.