Zurich Insurance Q2 Net Profit Drops 19%

Zurich Insurance Co

reported a 19% decline in its Q2 net profit. Zurich Insurance's quarterly net profit dropped to $1.08 billion, from $1.33 billion, in the year-ago period. However, analysts were expecting a net profit of $976 million. Its revenue increased 4% to $17.87 billion in the quarter. Zurich Insurance shares dropped 0.21% to $23.25 in after-hours trading.