Insurance Post

Zurich says German write-down is "isolated case" as BOP falls 34%

Tax burden falling

Zurich Insurance Group posted business operating profit of $733m for the third quarter, down 34% on the prior year after financial adjustments in its German general insurance portfolio.

BOP of $3.3bn for the first nine months of 2012 remained unchanged compared with the prior year.

Net income after tax of $2.7bn was down 16% compared with the first nine months of 2011, while Q3 net

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