Swiss Re swings to Q1 loss, hurt by Ukraine war reserves



* Volatile markets hurt investment results

* Pandemic weighs on life and health division

* Loss smaller than expected (Updates with details, bullets)

FRANKFURT, May 5 (Reuters) - Swiss Re SRENH.S swung to a smaller-than-expected loss in the first quarter, the reinsurance company said on Thursday, as it set aside reserves due to the war in Ukraine and volatile markets hurt investments.

The coronavirus pandemic also weighed on the company's life and health division, widening its loss from a year ago.

Swiss Re last year recovered from a pandemic-related loss in 2020, but the war in Ukraine has become a major headwind for the reinsurer.

"The first quarter turned out to be a challenging one," said Chief Executive Christian Mumenthaler.

A group net loss of $248 million in the quarter compares with net profit of $333 million a year earlier, but it was better than analysts' expectations for a loss of $311 million.

Reserves related to the war amounted to $283 million, it said.

Its return on investments was 0.7% in the quarter, compared with 3.5% last year, due to equity and Russia-related losses.

Mumenthaler said the company was positioned to deliver on its targets for the year.


Reporting by Tom Sims and Paul Arnold; Editing by Kirsti Knolle and Clarence Fernandez

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明