NU Online News Service, Nov. 3, 11:35 a.m. EST

Swiss Re reported third quarter net income of 334 million Swiss francs (U.S. $324 million at the current exchange rate) resulting from a mild catastrophe season and disciplined underwriting, the company said.

The results compare to a loss of 304 million francs for the same period last year ($259 million), the Zurich, Switzerland-based insurer said.

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