Zurich Insurance Group cautioned that it would be challenged to meet certain performance targets after posting a 27 percent fall in second-quarter net profit due to natural disaster payouts.
Zurich said it was on track to achieve its three-year performance targets for its life insurance business and spending cuts, but that meeting those for its general insurance and U.S. segment Farmers would be "more challenging".
The company, which like other insurers shies away from giving outlooks, did not give further details on specific targets which include profitability and costs, but said low interest rates were weighing on investment income.
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