Zurich Insurance Group AG third-quarter net income fell 79% to $207 million. (Photo: AP Photo/Keystone, Steffen Schmidt)

(Bloomberg) — Zurich Insurance Group AG would rather invest the company’s $3 billion in excess capital on acquisitions than return the cash directly to shareholders, Chief Financial Officer George Quinn said in an interview on Thursday.

“Obviously we would like to invest in the future of the firm,” Quinn said. “That would influence our ability to grow, generate higher earnings and those would eventually lead to higher dividends. It’s always the preference to keep the money in the business and shareholders would have that preference too.”

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