Swiss Re, spectacular increase of net profit in 2012

Swiss Re reported 4.2 billion USD of net profit in 2012, that is a 61% leap compared to 2011. Premiums earned during the year amounted to 25.4 billion USD (all operations included).

This growth was driven by the performance of property damage reinsurance as well as operations on large accounts. The group's combined ratio has reached 83.1%. Return on equity is set at 13.4%. Non-life reinsurance business posted a net profit of 3 billion USD supported by an increase in net earned premiums of 21.6% at 12.3 billion USD.
Non-life combined ratio is set at 87%. In life insurance, net profit dwindled down by 739 million USD. Net earned premiums in this class amount to 9.1 billion USD.