Swiss Re Posts Lower Third-Quarter Net Profit
By Aimee Look
Swiss Re booked a fall in net profit for the third quarter, though the reinsurer benefited from lower-than-expected natural disaster losses in the first nine months of the year.
The company reported $1.34 billion in net profit for the third quarter, down from $1.43 billion in the same period a year earlier. In the first nine months, net profit rose to $4.17 billion from $4.02 billion.
Company-compiled analysts' consensus had expected net profit of $1.15 billion in the third quarter and $3.98 billion for the nine-month period.
The Zurich-based reinsurer said its property & casualty and its corporate solutions segments were supported by lower-than-expected natural catastrophe losses for the first nine months.
In the first nine months, insurance revenue was $31.2 billion, roughly flat on year.
Write to Aimee Look at aimee.look@wsj.com
(END) Dow Jones Newswires
November 05, 2026 01:52 ET (06:52 GMT)
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