(Bloomberg) — Zurich Insurance Group AG, Switzerland's biggest insurer, reported a fourth-quarter loss after damage claims ranging from the Tianjin disaster in China to storms in the U.K. and Ireland.
The net loss was $424 million compared with a profit of $860 million a year earlier, the Zurich-based company said in a statement on Thursday. That compares with an expected loss of $261 million, the average of seven analyst estimates compiled by Bloomberg. The proposed dividend is unchanged at 17 Swiss francs ($17.49).
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