Swiss Re Group has posted net profit of $786m for the second quarter of 2013, compared to $83m during the corresponding period earlier year, despite high level of natural calamities.
Commenting on the financial performance in the quarter, Swiss Re Group CEO Michel Liès said, "Our company has delivered another robust performance.
"Our strategy is key to that mission and to the delivery of our 2011-2015 financial targets. Our focus remains on executing on that strategy."
For the current quarter period ended on 30 June 2013, its book value per common share decreased to $84.03 (CHF79.50) against $97.8 (CHF92.84) at the end of the first quarter of 2013.
Property & Casualty Reinsurance segment net income decreased to $468m, compared to $717m, while Life & Health Reinsurance delivered net income of $141m against $248m, during the comparable period last fiscal.
Corporate Solutions reported a quarterly profit of $55m, against $26m, while Admin Re reported net income of $109m compared to a net loss of $916m during the year ago quarter.
Established in Zurich, Switzerland, in 1863, Swiss Re offers reinsurance, insurance and other insurance-based services to its clients through a network of more than 60 offices across the world.
