Benign nat cats help Swiss Re to $2.2bn net income in Q3
Swiss Re reported net income of $2.2bn in the third quarter of 2012, driven by strong performance from P&C reinsurance and a one-off gain from the sale of the Admin Re US business.
The reinsurer's group combined ratio was 72% (2011: 85.3%). Net income in property and casualty reinsurance was $1.0bn (2011: $731m), while premiums earned increased by 15% to $3.3bn (2011: $2.9bn).
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