Zurich sees decline in European GI profit as pension and commission expenses bite
Zurich Insurance has reported a business operating profit of $2.5bn for the six months ended 30 June 2012, up 17% on 2011.
However, second-quarter business operating profit was down 12% to $1.3bn (Q2 2011: $1.13bn).
The general insurance business reported a COR of 94.9% (H1 2011: 99.3%), and a 46% improvement in business
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