Zurich Insurance Profit Increases 82% After Investment Gains
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Zurich Insurance Group AG, Switzerland’s biggest insurer, said fourth-quarter profit rose 82 percent after capital gains on debt and equity investments.
Net income increased to $983 million from $540 million a year earlier, the Zurich-based company said today. That beat the $521.1 million average estimate of 13 analysts surveyed by Bloomberg. Net capital gains on investments were $1.04 billion after a year-earlier loss of $78 million.