NU Online News Service, Nov 5, 1:00 p.m. EDT

Zurich Financial Services Group reported third quarter net income rose 490 percent over the same period last year despite economic challenges.

The Zurich, Switzerland-based insurer reported third quarter net income rose $755 million to $909 million. The company said it was the fourth consecutive quarter of quarter-on-quarter improvement since the third quarter of 2008.

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