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BREAKING NEWS

Swiss Re net profit falls 5.3% in first-half; better than analysts expected

Swiss Re net profit falls 5.3% in first-half; better than analysts expected
FILE PHOTO: The logo of insurance company Swiss Re is seen in front of its headquarters in Zurich, Switzerland February 12, 2019. REUTERS/Arnd WIegmann -
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ARND WIEGMANN(Reuters)
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FRANKFURT (Reuters) – Swiss Re <SRENH.S> on Wednesday posted a 5.3% fall in net profit in the first half of the year from a year earlier, with earnings damped by claims from natural catastrophes and claims related to the Boeing 737 MAX fleet.

Net profit was $953 million (£784 million) during the period, down from $1 billion a year earlier. Analysts had expected net profit of $848 million in the period, according to Reuters calculations and data from Refinitiv.

(Reporting by Tom Sims, editing by Riham Alkousaa)

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