Swiss Re surprises analysts with huge gains
AFP · 4 May 2012, 08:57
Published: 04 May 2012 08:57 GMT+02:00
- The Local’s guide to the Berlinale (09 Feb 11)
Analysts surveyed by financial agency AWP had been expecting a net profit of $644 million.
In 2011, Swiss Re shrugged off a series of natural disasters to report net profit of $2.6 billion, up sharply from $863 million the previous year and higher than the 1.8 billion dollars analysts were expecting.
For the first quarter, it said insurance premium income rose 22 percent to $6.2 billion, making a "good start" to the year.