Zurich Insurance shares rise

BERLIN/LONDON, Aug 11 (Reuters): Zurich Insurance Group reported a better-than-expected 25 per cent rise in operating profit in the first half on strong performance across the board and announced a bumper 1.8 billion Swiss francs ($1.91 billion) share buyback on Thursday, sending its shares higher.
Europe's fifth largest insurer said it was on track to beat all its 2022 targets.
Zurich's ability to exceed its three-year financial goals despite the COVID-19 pandemic and war in Ukraine "gives us great confidence that we can handle unexpected, unprecedented things and still deliver", CEO Mario Greco told Reuters.