Swiss Re reported a smaller-than-expected 85 percent drop in net profit in the first half of the year, in a period hampered by the impact of the Ukraine war and volatile markets. Meeting full-year targets, according to CEO Christian Mumenthaler, is “highly dependent” on how financial markets perform and the outcome of large claims, such… Continue reading Swiss Re Posts Smaller-than-Expected 85% Profit Drop in H1
Tag: Swiss Re profit
Swiss Re Posts Strong Profit of $1 Billion in First Half 2021
Swiss Re reported a Group net income of $1.0 billion and an ROE of 8.2% in the first half of 2021, with very strong performance in the property and casualty businesses amid diminishing COVID-19-related impacts. Excluding COVID-19-related losses, Swiss Re’s net income was $1.7 billion, compared with $865 million in the same period of the… Continue reading Swiss Re Posts Strong Profit of $1 Billion in First Half 2021