Swiss Re reported a 54 percent rise in first-quarter net income to $1 billion compared with the same year-ago period.
Strong premium earnings and a sharp increase in investment income fueled the surge, the Zurich-based company said.
Premiums earned increased 23 percent to $6.1 billion, which was helped by the acquisition of GE Insurance Solutions.
Net realized investment gains increased 61 percent to $362 million, due in part to the sale of a London office building.
Earnings per share rose 38 percent to $3.15.
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