Swiss Re reports net profit of USD 960 million for the second quarter 2011 and return on equity of 15.6%

Swiss Re reports a Group net income of USD 960 million in the second quarter of 2011, compared to income of USD 812 million in the same period of 2010. All segments contributed to these positive results, which translate into an ROE of 15.6 %.

• Strong financial results across all segments
• Excellent P&C combined ratio of 78.4 %
• Strong July renewals, leading to earnings growth
• Very good investment performance, despite volatile financial market environment
• Achieving five-year targets remains highest priority