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swiss re results

Swiss Re delivers a strong underlying business performance and maintains its industry-leading capital strength

5 mins read

The FINANCIAL — Swiss Re reported a Group net loss for the first nine months of 2020 that narrowed to USD 691 million from USD 1.1 billion reported for the first half of the year when the Group made significant additions to its COVID-19 loss reserves. This result reflects a strong performance in the third quarter, with Group net income of USD 444 million. Reinsurance increased its net premiums earned in the nine-month period, driven by improved market conditions and demand for large transactions. Corporate Solutions continued the successful execution of its turnaround plan. The closing of the ReAssure sale…

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Swiss Re delivers a strong underlying business performance and maintains its industry-leading capital strength

5 mins read

The FINANCIAL — Swiss Re reported a Group net loss for the first nine months of 2020 that narrowed to USD 691 million from USD 1.1 billion reported for the first half of the year when the Group made significant additions to its COVID-19 loss reserves. This result reflects a strong performance in the third…