Underwriting Performance and Strong Investment Results Support Swiss Re Half-Year 2017 Net Income of USD 1.2 Billion
Solid half-year results despite challenging market conditions
The Group generated an annualised return on equity (ROE) of 7.0 percent in the first six months of 2017, with earnings per share (EPS) of
Gross premiums written for the half-year decreased 8.3 percent to
Common shareholders' equity remained broadly stable at
Solid P&C Reinsurance results despite challenging business environment
Net income in the first six months of 2017 was
The annualised ROE for the first half was 9.1 percent and the combined ratio remained stable at 97.4 percent, benefiting from favourable prior-year development.
Gross premiums written declined by 15.5 percent to
July P&C Reinsurance treaty renewals show disciplined underwriting strategy
Following the July P&C Re treaty renewals, which focus mainly on the
L&H Reinsurance delivered stable underwriting performance; strong 12.7 percent ROE
A stable underwriting performance generated
Gross premiums written declined 2.8 percent to
High growth markets are expected to see strong increases in primary life and health volumes and cession rates are expected to be stable. In
Corporate Solutions results impacted by high natural catastrophe losses and continued pricing pressure
The Business Unit generated a net income of
Gross premiums written1 decreased by 4.7 percent to
In
The Business Unit continued to invest in its primary lead capabilities and further broadened its footprint by opening offices in
During the first six months of 2017, net income declined to
The Business Unit generated strong gross cash of
Gross premiums written increased by 5.2 percent to
Further integration of clear sustainability criteria into
In July,
Innovation continues to be at the core of
Technological advances will impact insurance risks and how insurance products will be distributed. Therefore, it remains a key priority for
The first half of the year also saw the launch of
Group Chief Executive Officer
See table here (http://www.swissre.com/media/news_releases/nr_20170804_hy.html).
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