Swiss Re's performance affected by its life insurance business

According to the latest figures published by Swiss Re, the net profit achieved by the company in 2014 amounted to 3.5 billion USD (-20.4% compared to 2013).

This decline is partly due to the poor results of the life and health class of business of the second global reinsurer. The latter, posted a net loss of 462 million USD in late 2014 (against a profit of 420 million USD, a year earlier).

As for the non life insurance, it recorded a net benefit up by 10.4%, at 3.6 billion USD, over the same period, for earned premiums of 15.6 billion USD (+7.3%).

It should be noted that, despite these mitigated results, Swiss Re remains confident in fullfilling its 2011-2015 targets.