Zurich Financial Services Group is looking likely to achieve its full-year 2001 earnings target of $1.8bn to $2bn (£1.26bn to £1.4bn), despite weak financial markets.

Based on the first six months of trading, the provider of financial protection and wealth accumulation solutions is confident it will meet profit expectations. The continued strong dollar and insurance claims from natural catastrophes has affected many insurance companies' balance sheets.

Zurich's results for the first half of 2001 will be issued on September 6.