NU Online News Service, Sept. 2, 3:30 p.m. EDT

Zurich Financial Services Group, in August, reported a net income drop of 53 percent for the first half of the year as the recession continued to take a toll on the company's earnings.

Despite the drop, James J. Schiro, Zurich's chief executive officer, emphasized that the company still managed a profit even with the challenges it faced.

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