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Swiss Re Group FY20 Net Income, Excl. COVID-19 Claims And Reserves, Rises - Quick Facts

(RTTNews) - Swiss Re Group (SSREY.PK) posted a Group net loss of $878 million for fiscal year 2020. Excluding COVID-19 claims and reserves of $3.9 billion, Group net income increased to $2.2 billion from $727 million, prior year.

For fiscal 2020, net premiums earned and fee income increased to $40.77 billion from $38.59 billion, previous year.

Swiss Re's Group CEO Christian Mumenthaler said: "We are confident in the outlook for 2021 with COVID-19 losses mostly behind us."

The Board of Directors will propose a dividend of 5.90 Swiss francs per share at the Annual General Meeting on 16 April 2021.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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