Outcomes season continues with the flip of reinsurance big Swiss Re sharing its earnings report for the primary six months of 2023.

Right here’s how Swiss Re fared within the first half, in comparison with the identical interval final yr:

“The general consequence within the first half of 2023 displays the nice positioning of Swiss Re, in addition to the standard of our new enterprise,” group chief government Christian Mumenthaler mentioned in a launch. “The efficiency of P&C Re and Company Options contributed to a strong second quarter.”

In accordance with Swiss Re, its revenue within the second quarter amounted to US$804 million.

In the meantime group chief monetary officer John Dacey had this to say: “Regardless of macro-economic volatility, increased rates of interest and steadily rising recurring earnings contributed to an improved funding consequence.

“We’ve got maintained our very sturdy capital place, which permits us to benefit from enticing enterprise alternatives.”

Swiss Re’s constructive financials in H1 had been primarily attributed to contained pure disaster losses within the interval, L&H Re’s efficiency returning to pre-pandemic ranges, and a robust consequence for Company Options.

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