May 4, 2018 / 5:17 AM / 20 days ago

Swiss Re Q1 net profit down 30 pct on year but beats expectations

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below