Urich, Switzerland-based insurer Swiss Re has reported that 2006 net income increased 98 percent to 4.6 billion Swiss francs ($3.8 billion), and the company plans a stock repurchase of 6 billion Swiss francs or $4.9 billion.
The profit amounted to 13.49 Swiss francs ($11.10) per share.
In its announcement last week, Swiss Re also said it agreed, subject to market conditions, to re-purchase approximately 50 percent of General Electric's stake in the company.
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