Zurich Financial Services Group reported first quarter net income rose 71 percent to $1.4 billion, from $810 million in the same year-ago period.

The combined ratio for the Swiss-based multi-national life and property casualty insurer improved a point and a half to come in at 93.3.

General insurance operating profit rose 29 percent to $1.1 billion, driven by an increase in underwriting profits of $120 million and investment income by $108 million.

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