Swiss Re records major miss on Q4 results

Swiss Re surprised analysts this morning by
reporting group net income of $517mn for the fourth quarter of
2016, down 44.9 percent on the prior-year period and missing
consensus by 18 percent.
Bernstein analyst Thomas Seidl described the
headline results as "far below expectations", but said
the Q4 report did not materially affect his firm's investment
thesis.
The miss was driven by worse-than-expected
performance in the corporate solutions and life capital division,
with underlying results in t