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.
The company said that gross written premiums and policy fees recorded a 4 percent increase in dollar equivalent terms.
Management services fees and other related revenues increased 4 percent to $542 million, Zurich said.
Chief Executive Officer James Schiro said the "excellent results reflect our ability to balance operating discipline and selective growth across our well diversified book of business."
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