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Zurich Financial revises 2009 net profit upward
ZURICH Published in Saudi Press Agency on 25 - 03 - 2010

Swiss insurer Zurich Financial on Thursday revised its annual net profit upward by $747 million, citing accounting changes related to hedging in the U.S. life insurance market, according to AP.
The company put its new net profit for 2009 at $3.98 billion.
Reported annual earnings per share rose to 29.87 Swiss francs ($27.90) from 24.21 francs as a result.
Shares in Zurich fell 0.2 percent to 266.20 francs.

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