Zurich group income up 74% in first quarter
Zurich has reported $1.4bn in net income, up 74% in the first quarter of 2007, an annualized return on shareholder equity of 23.5 percent, and a business operating profit of $1.7bn (£850m).
The group's general insurance business reported a combined ratio of 93.3%, an improvement of 1.5 percentage points. Gross written premiums and policy fees were up 4% to $10.2bn, or -1% in local
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