Confirms FY guidance (Il Sole 24 Ore Radiocor) - Zurich, 22 Aug - The reinsurer Swiss Re reported a net profit of 996 million dollars in the second quarter of 2024, resulting in a net income of 2.1 billion dollars and a return on equity (ROE) of 20.1% for the first half of the year.

Insurance revenue amounted to 22.5 billion dollars. The insurance service result, which reflects profitability of the underwriting activity, was 2.9 billion dollars.

"After a strong start in the first half of this year, we maintain our 2024 targets, including group net income of more than USD 3.6 billion. Amid a challenging macroeconomic and geopolitical environment, we continue to focus on disciplined underwriting to maintain and where possible improve the resilience of our portfolios to enable delivery of consistent results," said the CEO, Andreas Berger.

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(RADIOCOR) 22-08-24 09:48:17 (0200) 5 NNNN