Swiss Re posts another strong quarterly profit of USD 802 million, contributing to a half-year net income of USD 2.0 billion
06 August 2014
• Strong re/insurance business and excellent asset management performance resulting in a quarterly profit of USD 802 million, slightly up in comparison to Q2 20131
• P&C Re H1 2014 net income of USD 1.5 billion driven by continued good underwriting
• Successful July renewals with higher premium volumes and year-to-date risk adjusted price quality of 108%
• L&H Re H1 2014 net income of USD 112 million, management action underway to achieve targeted profitability level
• Corporate Solutions H1 2014 net income of USD 146 million, with growth from most business lines
• Admin Re® excellent cash generation and H1 2014 net income of USD 165 million
• Return on equity of 12.6% and earnings per share of USD 5.92 for H1 2014 show steady progress toward 2011–2015 financial targets