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Zurich Insurance Net upper-case alphabetic quality gains on investments 2012

Best Insurance stock - Zurich Insurance Net working capital missive of the alphabet gains on investments 2012 : Zurich Insurance Group AG, Switzerland’s biggest insurer, said fourth-quarter profits rose 82 percentage afterwards higher working capital missive of the alphabet gains on investments.

Net income increased to $983 meg from $540 meg a twelvemonth earlier, the Zurich-based companionship said today inwards a statement. That vanquish the $521.1 meg average gauge of thirteen analysts surveyed past times Bloomberg. Business operating profits barbarous to $540 meg from $983 meg inwards the year-earlier quarter.


Zurich Insurance volition maintain its dividend unchanged at an 11- twelvemonth high of 17 Swiss francs ($18.52) a share, afterwards increasing the payout to that grade inwards 2010. Net working capital missive of the alphabet gains on debt together with equity investments were $1.04 billion inwards the 4th quarter compared amongst a loss of $78 meg inwards the year-earlier period.

“Results were amend than expected, but exclusively on the bottom line, which was clearly due to higher realized working capital missive of the alphabet gains,” said Daniel Bischof, a Zurich-based analyst amongst Helvea. “For me the operating profits is to a greater extent than important, together with at that spot they were rather disappointing because of the full general insurance business.”

Net working capital missive of the alphabet gains on investments totaled $2.2 billion inwards 2012, driven past times sales of debt together with equity securities.

“We maintain to execute our proven strategy, growing our trouble organization inwards emerging markets spell delivering a resilient functioning inwards mature markets,” Chief Executive Officer Martin Senn said inwards the disputation today. “This rigid underlying profitability ensures nosotros rest good positioned to maintain to deliver for our customers, employees together with shareholders inwards 2013.”(source http://www.bloomberg.com )

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