April 30, 2020 / 5:10 AM / 3 months ago

Swiss Re swings to Q1 loss as coronavirus outbreak bites

FRANKFURT, April 30 (Reuters) - Reinsurer Swiss Re said on Thursday that it swung to a net loss in the first quarter of 2020, as the coronavirus outbreak began to bite.

The loss was $225 million during the period compared with profit of $429 million a year earlier. Analysts had expected a net profit of $59 million, according to Refinitiv.

Reporting by Tom Sims Editing by Michelle Martin

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