By Antonia Di Lorenzo
Zurich Insurance Group AG (ZURN.EB) said Thursday that it is on track to beat its 2019 targets after first-half net profit rose, supported by its property-and-casualty division.
Net profit for the period was $2.04 billion, up 14% from $1.79 billion in the same period a year earlier, the Swiss insurance giant said.
Business operating profit rose to $2.82 billion compared with $2.42 billion.
The property-and-casualty business's operating profit increased 46% to $1.66 billion.
The company said that it is set to surpass all its 2017-2019 targets.
"Based on what we have achieved, we can look to the future with confidence and optimism, as we prepare to present our plans for the next three years at our investor day in London in November," Chief Executive Mario Greco said.
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