Swiss Re reported net income rising 45 percent for the second quarter, helped by the acquisition of General Electric's property-casualty business, strong investment performance and pricing adjustments.
The company also noted that its combined ratio in the quarter stood at 90.7--a decrease of 3.2 points from the same period last year.
"We are pleased with the results for the second quarter. We continued to generate economic profit growth through careful cycle management and efficient capital allocation," said Jacques Aigrain, chief executive officer of the Zurich, Switzerland-based firm, in a statement.
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