Swiss Re posts 91% drop in net income for Q2
Swiss Re's net income attributable to common shareholders fell by $877m to $83m (2011: $960m) in the second quarter of 2012 owing to a $1bn loss from the sale of the US business Admin Re.
The global reinsurer's premiums earned and fee income rose to $6.1bn from $5.4bn in 2011. Earnings per share in CHF made a $0.12m loss in Q2 2012 compared with $2.6m in the same period last year.
Shar
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