Swiss Re P&C unit storms back to H1 profit of $1.2bn

Fiona Robertson

30 July 2021

Swiss Re’s global P&C segment reported a $1.2bn profit for H1 compared with a $519mn loss last year, as the segment benefited from diminishing Covid-19 impacts, underwriting discipline and price improvements.

P&C Re: A combined ratio improvement of 21.4 points to 94.4% in the P&C segment helped fuel the surge back to profit.

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Topics

News Results Swiss Re Business interruption

Rachel Dalton

Lead Reporter

Fiona Robertson

Editor-in-Chief