5th November 2023
Swiss Re has reports Net Income of $2.5bn in the first nine months of 2023, with a profit of $1bn in the third quarter. All businesses contributed to the strong result. Swiss Re maintains its guidance for full-year targets.
Swiss Re's Group ceo Christian Mumenthaler said: "Swiss Re's performance in the first nine months of 2023 is the result of our continued focus on underwriting quality. This has enabled us to navigate a heightened risk environment that continues to be characterised by significant loss events for the insurance industry."
Swiss Re's Group cfo John Dacey said: "With interest rates continuing to rise, we see improvements in the recurring income yield and in our overall investment results. Combined with the improved underwriting performance, this has significantly strengthened the Group's earnings capacity."
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