Swiss Re embedded value goes up
Swiss Re has announced that the embedded value of its life and health business increased significantly to CHF 20.1bn in 2005, up from CHF 17.1bn in 2004. Operating profit from existing business grew 38% to CHF 1.5bn from CHF 1.1bn in 2004, and returns on new business increased to 13.1% compared to 12.5% in 2004 for total value added of CHF 283m in 2005.
According to Swiss Re the increase in its embedded value to CHF 20.1bn in 2005 reflects the value added by new business and strong operating profit from existing business of CHF 1.8bn, large positive
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