Zurich reported third-quarter net income dropped 90 percent, but the company eked out a slim profit despite over $1 billion in investment losses and close to $600 million in hurricane exposure claims.

The Zurich, Switzerland-based insurer reported third-quarter net income fell $1.36 billion from $1.51 billion to $154 million.

For the nine months, the company said net income fell 32 percent, or $1.35 billion, from $4.19 billion to $2.83 billion.

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