Solid growth but changes to US GAAP hit profits at Swiss Re

04-05-2018

Solid growth but changes to US GAAP hit profits at Swiss Re

Source: Swiss Re

Swiss Re enjoyed strong growth in the first quarter driven by its L&H Re and in Life Capital units but its profits were effected by a change in US GAAP accounting covering guidance on recognition and measurement of equity investments, which meant it took a $280 million hit to its net profit.


Swiss Re, First quarter 2017 results, L&H Re, Life Capital, Profits, Net income, US, GAAP, Europe, North America, Christian Mumenthaler, Reinsurance

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