Net profit attributable to shareholders decreased by 17% to $1.0bn for H1 18 compared to H1 17, also reflecting an estimated negative pre-tax impact of $265m due to a change in US GAAP accounting. Premiums earned were up by 4% to $16.5bn for H1 18. Net investment income rose by 13% to $2.0bn for H1 18 compared to H1 17. However, the net realised investment gains dropped by from $574m in H1 17 to a loss of $228m in H1 18 and the unit-linked investment result was down by 76% to $385m for H1 18
03 Aug 2018
Weaker Q2 profit due to a tax effect
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Weaker Q2 profit due to a tax effect
Swiss Re AG (0QL6:LON) | 0 0 (-0.7%) | Mkt Cap: 32,740m
- Published:
03 Aug 2018 -
Author:
Dieter Hein -
Pages:
2
Net profit attributable to shareholders decreased by 17% to $1.0bn for H1 18 compared to H1 17, also reflecting an estimated negative pre-tax impact of $265m due to a change in US GAAP accounting. Premiums earned were up by 4% to $16.5bn for H1 18. Net investment income rose by 13% to $2.0bn for H1 18 compared to H1 17. However, the net realised investment gains dropped by from $574m in H1 17 to a loss of $228m in H1 18 and the unit-linked investment result was down by 76% to $385m for H1 18