ZFS completes share buyback

ZURICH, Switzerland— Zurich Financial Services completed the buyback of 3.4 million of its shares at a cost of 1.25 billion Swiss francs ($822,668 million).

The buyback was announced in February. The repurchased shares amount to 2.36% of the insurance group's share capital issued at the end of June.

At its 2008 annual general meeting, ZFS will submit a proposal to its shareholders to reduce share capital in the amount of the repurchased shares and to cancel the shares.