Zurich Financial Services has reported a first half net profit of $1.95bn, up from $1.79bn a year ago.
The insurance group also said it is well on track to achieve its target for a $500m operational improvement from its "Zurich Way" cost-cutting initiative this year.
The group's business operating profit improved to $2.84bn, from $2.305bn.
Gross written premiums in the first half dropped to $24.6bn, from $25.9bn.
However, the combined ratio improved to 94.8%, from 96.9% last year.
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