Zurich reports continuing operating strength and near-record capital position
Zurich, November 5, 2009 – Zurich Financial Services Group (Zurich) reported today a solid nine-month operating performance, with balance sheet strength and solvency margins at near-record levels, and continued profitable growth in Global Life and Farmers underpinning the Group’s 27th consecutive quarter of profitability.
Business operating profit for the discrete third quarter 2009 was USD 1.5 billion, a 138% increase over the same prior-year quarter, with net income 1 of USD 909 million, a 490% increase over the same prior-year quarter. Both figures represent the fourth consecutive quarter-on-quarter improvement since the third quarter 2008.
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