Zurich Insurance Group (Zurich) has reported net income after tax attributable to shareholders of $837m for the second quarter of 2014, compared to $789m during the corresponding period last fiscal.
For the second quarter period ended on 30 June 2014, its business operating profit (BOP) rose to $1.24bn from $937m, during the comparable period a year ago.
For the first half of 2014, its net income after tax attributable to shareholders grew by 14% to $2.1bn while business operating profit rose by 15% to $2.62bn.
Zurich Insurance Group CEO Martin Senn said: "I am pleased to report a good set of results for the first half.
"We have seen clear progress on the execution of our strategy and delivery against our targets. While still early in our three year plan, we are on track for our 2014 to 2016 targets."
General Insurance’s business operating profit increased by 21% to $1.65bn, backed by a substantially improved net underwriting result amid lack of major catastrophe and weather-related losses.
In Global Life, business operating profit decreased by 4% to $634m, while experiencing growth in Latin America, Asia-Pacific and Europe.
In Farmers, business operating profit increased by 9% to $756m, largely due to an improved net underwriting result in Farmers Re.