Swiss Re doubles profit while premiums decline
Swiss Re’s profit doubled to CHF 1.4 billion (£611m) in the first half 2004. Total premiums earnedwere CHF 14.1 billion, a decline of 2% on 2003, as Swiss Re continued to underwrite selectively and focus on profitability, according to a company statement.
Swiss Re posted a strong return on equity of 15.6%, asshareholders’ equity increased to CHF 19.4 billion fromCHF 18.5 billion at the end of 2003.All business groups contributed to the strong
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