FRANKFURT (Reuters) – Swiss Re swung to a smaller-than-expected full-year profit in 2021, the reinsurance company said on Friday, marking a partial rebound from the coronavirus pandemic despite big claims from natural disasters.
The net profit of $1.437 billion compares with a net loss of $878 million a year earlier.
Analysts had expected a profit of $1.854 billion, according to a consensus report published by Swiss Re.
(Reporting by Tom Sims and Paul Arnold; Editing by Miranda Murray)
