(Bloomberg) — Swiss Re Ltd., the world's second-biggest reinsurer, slumped in Zurich trading after reporting second-quarter profit that missed analysts estimates, amid a decline in earnings from life and health insurance.
Swiss Re slid as much as 3.4%, the biggest loss since April 15. It decreased 2.3% to 75.30 Swiss francs at 10:08 a.m., extending this year's fall to 8.3%.
Net income increased to $802 million from $786 million a year earlier, the Zurich-based reinsurer said in an e-mailed statement today. Swiss Re was expected to earn $898 million, according to the average estimate of 12 analysts surveyed by Bloomberg.
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