February 13, 2020 / 6:03 AM / in 12 days

Zurich Insurance boosts operating profit 16%, ups dividend

ZURICH, Feb 13 (Reuters) - Zurich Insurance Group posted a 16% rise in 2019 business operating profit on Thursday as it benefited from an improved business mix, lower volatility and cost savings.

Business operating profit was $5.3 billion, Europe’s fifth-largest insurer said, while net profit rose 12% to its highest level since 2010.

Zurich proposed raising its dividend to 20 Swiss francs per share, below market expectations of 20.51 francs, according to Refinitiv data. (Reporting by Michael Shields; Editing by)

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