Swiss Re: 2018 half-year profit below expectations

Swiss Re recorded a net profit of 1.01 billion USD in the first half of 2018, down by 17% from the same period in 2017. This result is below the expectations of the Swiss reinsurer. As for the gross premiums, they rose by 8% to 19.59 billion USD.

The combined ratio of the non life class of business improved by 4.5% to reach 92.9%, while  Shareholder’s equity dropped by nearly 13% to 30.05 billion USD.

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