Net profit attributable to shareholders decreased by 15% to $1.23bn for Q1 16 compared to Q1 15. Premiums earned were up by 5% (plus 9% at constant currency) to $7.8bn for Q1 16. Net investment income rose by 5% to $934m for Q1 16 compared to Q1 15. However, net unit-linked investment gains declined from $1.44bn for Q1 15 to $405m for Q1 16. Swiss Re reported a return on investment of 3.7% for the group for Q1 16 compared to 3.9% for Q1 15. Total revenues were down by 5% to $10.0bn in Q1 16.
29 Apr 2016
Mixed start into FY2016
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Mixed start into FY2016
Swiss Re AG (0QL6:LON) | 0 0 (-0.7%) | Mkt Cap: 32,740m
- Published:
29 Apr 2016 -
Author:
Dieter Hein -
Pages:
2
Net profit attributable to shareholders decreased by 15% to $1.23bn for Q1 16 compared to Q1 15. Premiums earned were up by 5% (plus 9% at constant currency) to $7.8bn for Q1 16. Net investment income rose by 5% to $934m for Q1 16 compared to Q1 15. However, net unit-linked investment gains declined from $1.44bn for Q1 15 to $405m for Q1 16. Swiss Re reported a return on investment of 3.7% for the group for Q1 16 compared to 3.9% for Q1 15. Total revenues were down by 5% to $10.0bn in Q1 16.