Net profit attributable to shareholders increased by 27% to $421m for FY2018 compared to FY2017. Premiums earned rose by 2% to $33.9bn for FY2018 compared to FY2017. Investment income declined by 29.5% to $3.2bn for 2018. Total revenues were down by 13% to $37.0bn in FY2018. Claims decreased by 11% to $14.9bn for FY2018. Total expenses declined by 13% to $35.9bn for FY2018 compared to FY2017. The group’s P&C combined ratio was down from 111.5% for 2017 to 104.0% for 2018 due to larg
21 Feb 2019
Disappointing net profit for FY2018
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Disappointing net profit for FY2018
Swiss Re AG (0QL6:LON) | 0 0 (-0.7%) | Mkt Cap: 32,740m
- Published:
21 Feb 2019 -
Author:
Dieter Hein -
Pages:
3
Net profit attributable to shareholders increased by 27% to $421m for FY2018 compared to FY2017. Premiums earned rose by 2% to $33.9bn for FY2018 compared to FY2017. Investment income declined by 29.5% to $3.2bn for 2018. Total revenues were down by 13% to $37.0bn in FY2018. Claims decreased by 11% to $14.9bn for FY2018. Total expenses declined by 13% to $35.9bn for FY2018 compared to FY2017. The group’s P&C combined ratio was down from 111.5% for 2017 to 104.0% for 2018 due to larg