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Swiss Re reports US$158 million Q1 profit despite two major disasters

ZURICH -- Swiss Re Insurance Co. on Thursday posted a first-quarter net profit of US$158 million despite two major natural disasters affecting its property and casualty business. The net profit is a 22 percent increase compared with the same period last year when Swiss Re posted a US$130 million net profit.

Earnings per share were 0.49 Swiss francs (US$0.44), up 9 percent from 0.45 francs in the year-earlier period, the company said.

 

 

 

 

 

 

 

 

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