Yesterday, the reinsurer Swiss Re announced that 2008 first-quarter results, the impact of the credit, Swiss Re first-quarter net income of 624 million Swiss francs, less than 53 percent over the same period last year.
Swiss Re analysis, net income was reduced by the United States, loan-to-crisis. The remaining key indicators also reflect varying degrees of the loan-to-pressure: Swiss Re earnings per share than the same period last year reduced 52 percent, to 1.84 Swiss francs; annual rate of return of equity of 8.5% in 2007, the first quarter of the annual income of equity Rate of 17.1 percent.
At the same time, the depreciation of the dollar against the Swiss franc, according to market value adjustments on the investment portfolio have an impact, and continue to repurchase shares, equity fell to 27.8 billion Swiss francs, and December 31, 2007 compared to a decrease of 13 percent. In addition, property insurance and life insurance have declined. Property and accident insurance operating earnings of 1.3 billion Swiss francs, than the first quarter of 2007 decreased by 6 percent, and the first quarter of 2007 compared to comprehensive payment rate increased 3.1 percentage points to 96.9 percent; life and health operations Income was 449 million Swiss francs, down by 45%.
Swiss Re analysis, net income was reduced by the United States, loan-to-crisis. The remaining key indicators also reflect varying degrees of the loan-to-pressure: Swiss Re earnings per share than the same period last year reduced 52 percent, to 1.84 Swiss francs; annual rate of return of equity of 8.5% in 2007, the first quarter of the annual income of equity Rate of 17.1 percent.
At the same time, the depreciation of the dollar against the Swiss franc, according to market value adjustments on the investment portfolio have an impact, and continue to repurchase shares, equity fell to 27.8 billion Swiss francs, and December 31, 2007 compared to a decrease of 13 percent. In addition, property insurance and life insurance have declined. Property and accident insurance operating earnings of 1.3 billion Swiss francs, than the first quarter of 2007 decreased by 6 percent, and the first quarter of 2007 compared to comprehensive payment rate increased 3.1 percentage points to 96.9 percent; life and health operations Income was 449 million Swiss francs, down by 45%.
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