Swiss Re says Q2 net income off 53%
Swiss Re said that second quarter net income fell by 53%, dropping to CHF565m CHF from CHF1.194bn CHF the year before. The number was below analysts' expectations of CHF770m, according to Citigroup.
Group earned premiums for the period dropped 23% to CHF 6.114bn, down from CHF 7.955bn a year before.
Earned premiums in the second quarter for Swiss Re's non-life dropped nearly 30% to CHF 4.8bn from
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