Market Overview

Swiss Re Posts Upbeat Q1 Profit

Swiss Re Ltd (OTC: SSREY) posted better-than-expected first-quarter earnings.

Swiss Re posted to a quarterly net profit of $1.14 billion, versus a year-ago loss of $665 million. However, analysts were expecting a profit of $587.3 million. Net earned premiums surged 22% to $6.2 billion from $5.1 billion.

Swiss Re shares closed at $62.81 yesterday.

Posted-In: profitEarnings News

 

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