Swiss Re: stock up after quarterly results

(CercleFinance.com) - Swiss Re shares are up 4% in Zurich after the group reported net profit of 333 million dollars for the first quarter of 2021, with underlying performance across all its businesses offsetting losses from Covid-19 and big natural catastrophes.


Swiss Re's Group Chief Financial Officer John Dacey said, "The return to profitability this quarter in our property and casualty businesses underlines the earnings potential of our diversified business model. We effectively absorbed the heightened mortality impact on our life and health business".


Copyright (c) 2021 CercleFinance.com. All rights reserved.