Q3 2020 Swiss Re AG Earnings Call (Q&A) Transcript
Good morning or good afternoon. Welcome to Swiss Re's 9 Months 2020 Results 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 good morning or good afternoon to everyone from me as well. I'm here with Thomas Bohun, our new Head of Investor Relations, to talk you through the 9 months 2020 results.
Before we go to the Q&A, I'd just like to make a few quick remarks about the release we put out this morning. You've all seen that the group reported a net loss of $691 million for the first 9 months of 2020, which reflects a strong performance in the third quarter, a net income of $444 million. In addition to the COVID-19 reserves -- sorry, the additions to the COVID-19 reserves, amounted to $428 million in the third quarter, bringing the total to nearly $3 billion for the 9-month period. I'd just reiterate that 67% of these
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