Q1 2019 Swiss Re AG Earnings Call (Q&A) Transcript
Good morning or good afternoon. Welcome to Swiss Re's First Quarter 2019 Key Financial Data Conference Call. Please note that today's conference call is being recorded. At this time, I would like to turn the conference over to John Dacey, Group CFO. Please go ahead.
Thank you very much. And again, good morning, or afternoon, everybody, from me. I'm here with Philippe Brahin, the Head of Investor Relations.
Before we go to Q&A, I'd like to start with a brief overview of the key figures we published this morning. Swiss Re reported a net income of USD 429 million for the first quarter of 2019. The results are clearly a mix of excellent performance in Life & Health Reinsurance, very strong investment results, partly offset by large losses in the P&C businesses. The net premiums earned for the group were USD 8.8 billion, an increase of 5.5% year-on-year or 9.4% in constant exchange rates, reflecting attractive growth in all of our business units.
The P&C Re net income was USD 13 million.
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