November 15, 2012 / 6:00 AM / 5 years ago

Zurich Insurance Q3 net profit misses poll

ZURICH, Nov 15 (Reuters) - Zurich Insurance Group saw its net profit fall 62 percent in the third quarter, falling short of expectations.

Net profit for the firm amounted to $477 million, compared with $756 million forecasted in a Reuters poll of analysts.

Zurich took a $550 million hit to profit after a review showed its German arm had not set enough money aside to cover claims made years after policies expired, as it announced last month. (Reporting by Catherine Bosley)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below