Zurich Insurance Net Falls 7% as Rates Hurt Investments

[Insurance, Banking, Mortgage, Loan]

Zurich Insurance Group AG (ZURN) , Switzerland’s biggest insurer, said first-quarter profit dropped 7 percent after investment returns declined. Net income fell to $1.06 billion from $1.14 billion in the year-earlier period, the Zurich-based insurer said today in a statement.

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