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Zurich Insurance slightly above market estimates

November 14, 2013

Zurich Insurance (Attractive*) posted a 2% increase in net ($2.95bn) and operating profit ($3.57bn) in the first nine months of this year, while revenues fell 2%. The cost-income ratio was 95.3%, an improvement of one point compared to the same period a year earlier. Results were slightly above market estimates, but the insurer remained rather cautious in its outlook.