Zurich posts fall in Q1 net profit

ZURICH Thu May 16, 2013 1:00am EDT

ZURICH May 16 (Reuters) - Zurich Insurance Group missed expectations on Thursday with a 7 percent fall in first-quarter net profit and said it remained on track to meet 2013 targets.

Europe's third-biggest insurer by market capitalisation posted a net profit of $1.062 billion for the first three months of the year, missing analysts average forecast in a Reuters poll for $1.137 billion. (Reporting by Alice Baghdjian)