The embedded value of Swiss Re's life and health business increased significantly to CHF20.1bn in 2005, up from CHF17.1bn in 2004.
The reinsurer also reported a 38% increase in operating profit frrom existing business to CHF1.5bn (2004: CHF1.1bn)
Jacques Aigrain, chief executive officer of Swiss Re said: “We‘re pleased with the strong results of our existing business and the attractive rates of return of the new business. As we explore new avenues for growth in our life and health business we remain focused on the quality of the portfolio to provide continued solid returns in the future.”
