“After a strong start in the first half of this year, we maintain our 2024 targets, including group net income of more than US$3.6 billion,” CEO Andreas Berger said in a statement.
Swiss Re’s first-half net income beat estimates, as the re-insurer avoided higher claims from natural catastrophes that have impacted the broader insurance industry.
Profit for the second quarter was US$996 million ($1.3 billion), resulting in net income of US$2.1 billion for the six months to June, the Zurich-based insurer said in a statement Thursday. Return on the group’s investment portfolio was 4% for the first half of the year, compared with 2.8% a year earlier.
