{
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swiss re reports lower profits due to increased reserves and major losses

Swiss Re reported a profit of $100 million in Q3 2024, significantly impacted by a $2.4 billion increase in reserves for past-year claims, particularly in the U.S. liability business. The Property & Casualty Re division's profit fell to $603 million, while the Life & Health Re division performed better with a profit of $1.2 billion. Looking ahead, the group expects to exceed $3 billion in profit for the year, despite anticipated losses from Hurricane Milton.
finews.com
United States Dollar Swiss Re AG Allianz SE CHE DEU CAN Storm Boris Mortality rates Andreas Berger Hurricane Milton Show more
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09:43 14.11.2024
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