NU Online News Service, Feb. 18, 3:14 p.m. EST
Swiss Re reported 2009 fourth-quarter net income of 403 million Swiss Francs (CHF) ($373.2 million) reversing a net loss of CHF 1.7 billion ($1.6 billion) for the period the previous year.
The Zurich-based company said for the full-year 2009 net income was 506 million Swiss Francs ($468.6 million), compared to a 2008 net loss of CHF 864 million ($800.1 million). The Zurich-based global reinsurer pointed to its rise in book value and strong performance in its core businesses.
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