Advertisement

Advertisement

View definitions for for

for

Discover More

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Net profit was $1.4 billion for the third quarter and $4 billion for the first nine months as a whole, the Zurich-based reinsurer said Friday.

This compares with $102 million and $2.2 billion the company reported for the respective year-earlier periods, when its results took a hit from an increase in U.S. liability reserves to cover future obligations.

Profit growth was driven by the group’s property-and-casualty reinsurance business, for which low natural-catastrophe losses provided a substantial tailwind, Swiss Re said.

A strong performance in the first nine months of the year puts the company on track to meet its target of a net profit of more than $4.4 billion for 2025, Swiss Re Chief Executive Andreas Berger said.

Insurance revenue for the first nine months was $32 billion, down 5% on year.

Advertisement

From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.

Advertisement

Advertisement

Advertisement