Swiss Re delivers 17% rise in first-quarter 2015

Swiss Re reported a strong Group net income of USD 1.4 billion for the first quarter of 2015. Property & Casualty Reinsurance again led the positive contributions from all Business Units. Life & Health Reinsurance net income increased to USD 277 million and the segment is on track to meet its return on equity target for the year. Corporate Solutions continued to generate profitable growth with a net income of USD 167 million. Admin Re® delivered excellent net income growth and gross cash generation in line with expectations.

Michel M. Liès, Swiss Re’s Group Chief Executive Officer, says: “The current market and interest rate environment continues to be very challenging. For that reason, I am all the more pleased to say that we have been able to further grow our business profitably and achieve strong results thanks to our client-centred, differentiated approach and diversified business model. In addition, the result shows our ability to manage our risk portfolios to better mitigate challenges and seize market opportunities.”

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