From Nasdaq.: 2025-05-16 01:19:00

Swiss Re Ltd. reported higher profit in the first quarter, despite weak results in the Property & Casualty Reinsurance segment due to large claims from natural disasters and man-made events. Net income increased by 16% to $1.28 billion, driven by resilient underwriting results and healthy investment returns. P&C Re net income dropped to $527 million, while Corporate Solutions and Life & Health Reinsurance segments saw an increase. Insurance revenue decreased to $10.41 billion, impacted by non-recurring factors. CEO Andreas Berger remains focused on achieving 2025 targets despite challenges. Visit rttnews.com for more earnings news.



Read more at Nasdaq.: Swiss Re Q1 Profit Rises Despite On Weak P&C Re; Insurance Revenue Down; Says Confident In Targets