With its third-quarter net income result doubling over last year, and its capital position improving, Swiss Re said it has reached agreement to repay Berkshire Hathaway, which injected $2.6 billion into the Zurich-based reinsurer last year.

Swiss Re reported third-quarter net income of $618 million, compared to $314 million in the prior-year period.

Shareholders' equity increased by $2.4 billion to $29.9 billion in the third quarter of 2010, resulting in a return on equity of 9.5 percent for the quarter.

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