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ING posts 47% rise in net on gain from ABN stake sale

Article Abstract:

Third-quarter net profit for Dutch financial services firm ING Groep N.V. rose 47% to 2.31 bil euro, boosted by investment income and a gain on the selling of its ABN AMRO Holding N.V. stake. Underlying profit fell 2% to 1.1 bil euro, while underlying profit for its insurance business rose 29% to 1.29 bil.

Author: Kloet, Stefan
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Netherlands, ING Groep N.V.

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Zurich Financial's net rises 14% on cost cutting, strong demand

Article Abstract:

Fourth-quarter net profit for Switzerland's Zurich Financial Services rose 14% to $1.47 bil, due in part to strong life insurance demand, cost-cutting measures, a lower tax rate, and reserve releases totaling approximately $1.2 bil.

Author: Mijuk, Goran
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
Switzerland, Zurich Financial Services

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Subjects list: Financial services industry, Financial services, Company sales and earnings, Company earnings/profit, Financial report
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