ZURICH—Zurich Financial Services Ltd.’s profit climbed to $1.97 billion during the six months ended June 30, an increase of 20% compared with the same period of 2010, the Swiss insurer reported Thursday.
Although Zurich suffered catastrophe-related losses during the first six months of this year, it benefited from a gain of $441 million before tax on the sale of shares in Beijing-based New China Life Insurance Co. Ltd. Zurich said it reduced its stake in the Beijing-based life insurer to 15% from 20% in February.
Zurich’s gross written general insurance premiums and policy fees rose 5% to $18.88 billion during the first six months of 2011, compared with the same period last year. In its global life unit, premiums and policy fees gained 1% year over year to $13.11 billion in the first half. Meanwhile Zurich’s Farmers Management Services unit saw revenues fall 2% year over year to $1.34 billion between January and June.
You know, when you see a message that looks like a positive response to your long-awaited application (whatever that may be), it's understandable that your judgment will be clouded.
ReplyDeleteThis enables the buyer not only to avoid any potential liabilities, but also to gain the depreciation and amortization benefits that come along with purchasing assets.Personal Coaching
ReplyDelete