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The logo of the Swiss Reinsurance Co., the world's largest reinsurer, at the headquarter in Zurich, Switzerland. (AP Photo/Keystone, Michele Limina, File)

(Bloomberg) — Swiss Re AG booked $250 million in losses from the August chemical warehouse explosions in the Chinese city of Tianjin, its biggest payout in a quarter that saw profit rise 13 percent.

Net income climbed to $1.4 billion in the three months through September from $1.2 billion a year earlier, the Zurich- based company said in a statement Thursday. That beat the $840 million average estimate of seven analysts compiled by Bloomberg.

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