Swiss Re: first nine months supported by excellent investment results

13th November 2019
-IAM, News

Olivier Aeschlimann, Senior Financial Analyst

Swiss Re reported a Group net income of USD 1.3 billion in the first nine months of 2019, an increase of 23% in comparison to the same period a year earlier. This result was supported by growth in reinsurance and an excellent investment result. While the Group’s property and casualty businesses were impacted by USD 1.7 billion damage claims from natural catastrophes and man-made events. Swiss Re benefits from its global reach, diversification and strong capitalisation. The company is very well placed to take advantage of growth opportunities in a reinsurance market whose pricing environment is improving.