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Swiss Re posts loss, COVID-19 claims, reserves near $4 billion

Financial results

Swiss Re Co. Ltd.’s net loss reached $878 million in 2020 as its COVID-19 pandemic-related claims and reserves ballooned to $3.9 billion, Reinsurance News reported. Excluding pandemic-related impacts, the reinsurer reported a net income of $2.2 billion, up from $727 million posted in 2019.

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