Swiss Re (Swiss Reinsurance Company Ltd) is a global reinsurer. The Company offers a range of reinsurance solutions to manage risk. The Company offers reinsurance for property and casualty and for life and health businesses. The Company provides reinsurance, insurance and capital market solutions for clients that complement its reinsurance offering worldwide. It has four operating business segments: Property and Casualty, Life and Health, Asset Management and Legacy. In May 2008, Schroders plc acquired Swiss Re Asset Management Funds (Switzerland) AG, the Swiss third-party fund management business of Swiss Re. On October 31, 2008, it acquired Barclays Life Assurance Company Ltd.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, Swiss Re's total revenue increased 25% to SF25.2B. Net income for the period attributable to common shareholders decreased 88% to SF103M. Total revenue reflects an increase in demand for the Company's products and services in the Life & Health and in Asset Management business segments. Net income attributable to common shareholders was offset by increased cost of life and health benefits.