Swiss Re Back To Black In 2003
NU Online News Service, March 25, 2:44 p.m. EST?Swiss Reinsurance Company reported its first annual profit since 2000, posting net income of 1.7 billion Swiss francs ($1.33 billion under current exchange rates) in 2003, in contrast to a loss of 91 million Swiss francs ($71.19 million) in 2002, boosted by favorable market conditions for its property and casualty reinsurance offerings. [@@]
The company also offered up a rosy forecast for this year despite what it conceded was "a plateauing-off of property rates."
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