Insurance giant Zurich has reported that operating profits its Irish business Eagle Star were $35m (€26m) in the first six months of the year, up from $30m in the same period last year.
Sales, as measured by annual premium equivalent (APE), were up more than 40% to $142, with new business sales up 30%. But margins fell slightly, due to what Zurich called 'investment in growth initiatives'.
Overall, Zurich reported net profits of $2.7 billion, an increase of 33%.
