Zurich Financial Services has completed the share buyback program of CHF1.25 billion ($1.02 billion) announced last February.
Zurich said that as of July 2, 2007, the Company has “bought back 3,432,500 of its registered shares via a second trading line of virt-x and at an average price of CHF 364 [$298] (rounded) per share. The number of repurchased shares reflects 2.36 percent of the share capital issued at the end of June.”
Zurich also indicated that management would “submit a proposal to its shareholders at the Annual General Meeting 2008 to reduce the share capital in the amount of the repurchased shares and to cancel the shares.”
Was this article valuable?
Here are more articles you may enjoy.
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
What Analysts Are Saying About the 2026 P/C Insurance Market 
