Swiss Re reports 23% increase in net income for the first nine months of 2019, supported by growth in Reinsurance and an excellent investment result

Swiss Re reported a Group net income of USD 1.3billion in the first nine months of 2019, an increase of 23% from USD 1.1 billion for the same period a year earlier, supported by growth in Reinsurance and anexcellent investment result. While the Group’s property and casualty businesses were impacted byUSD1.7billionin largeclaimsfrom natural catastrophes and man-made events, the life and health businesses continued to delivera strong performance. Net premiums earned and fee income rose by 10% year-on-year to USD 28.4billion, driven in particular by growth in P&C Re premiums. The Group’sROE was 6.0%,andits capital position remained very strong.

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