Zuwealthy Insurance Net capital gains on investments 2012

Zuwealthy Insurance Net capital gains on investments 2012

Best Insurance stock - Zuwealthy Insurance Net capital gains on investments 2012 : Zuwealthy Insurance Group AG, Switzerground, soil’s largegest incertainr, shelp fourth-quarter fortun rose 82 gratuity after higher capital gains on investments.

Net income increased to $983 million from $540 million a year earlier, the Zuwealthy-based company shelp today in a statement. That beat the $521.1 million average estifriend of 13 analysts surveyed by Bloomberg. Business operating fortun fell to $540 million from $983 million in the year-earlier quarter.

Zuwealthy Insurance will keep its dividfinish unchanged at an 11- year high of 17 Swiss francs ($18.52) a bagikan, after increatune the payout to that stage in 2010. Net capital gains on debt and equity investments were $1.04 billion in the fourth quarter compared with a loss of $78 million in the year-earlier period.

“Results were better than expected, but only on the bottom line, which was clearly due to higher realized capital gains,” shelp Sertaiel Bischof, a Zuwealthy-based analyst with Helvea. “For me the operating fortun is more important, and there they were rather disappointing because of the common insurance business.”

Net capital gains on investments totaled $2.2 billion in 2012, driven by sales of debt and equity securities.

“We continue to execute our proven stswiftgy, growing our business in emerging markets while delivering a resilient kemampuannce in mature markets,” Chief Executive Officer Martin Senn shelp in the statement today. “This strong underlying fortunability ascertains we remain well positioned to continue to deliver for our customers, employees and bagikanhancienters in 2013.”(source http://www.bloomberg.com )

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