2013 profit News

Munich Re 2013 Profits Fall; Targets $4.1+ Billion for 2014

Munich Re posted the following summary of its results for the financial year 2013: — Operating result of €4.4billion from (€5.3 billion) [$6.07 billion from $7.32 billion]. — Despite low interest rates and the adverse effects of exchange rates, shareholders’ …

Zurich Insurance $1.07 Bn Q4 Profit Misses Estimates after Restructuring

Zurich Insurance Group AG, the biggest Swiss insurer, reported fourth-quarter profit that missed analysts’ estimates after restructuring charges following a business review. Net income rose 9 percent to $1.07 billion, the company said in an e-mailed statement from Zurich today. …