FRANKFURT, May 4 (Reuters) - Swiss Re posted a better-than-expected net profit in the first quarter, although it was still down from a year ago amid continuing pressure on reinsurance prices.
Net profit was $457 million, down 30 percent from $656 million a year earlier. But it was above expectations of $447 million forecast by analyst in a Reuters poll.
It gave no update on talks with SoftBank.
Reporting by Tom Sims; Editing by Michael Shields