Swiss Re Posts Q3 Loss, Confirms Mid-term View; Stock Down

Shares of Swiss Re AG were losing around 3 percent in the morning trading in Switzerland after the reinsurer reported Friday a net loss in its third quarter and the first nine months of fiscal 2022. The results were hurt mainly by weakness in Property & Casualty Reinsurance or P&C Re segment. Going ahead, the company still expects it is unlikely to reach its Group ROE target of 10 percent in 2022.

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