Swiss Re posts record profits of 4.6 billion Swiss francs
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Swiss Re, the world's largest reinsurance group, reported on Thursday record net profits of 4.6 billion Swiss francs (2.88 billion euros, 3.80 billion dollars) for 2006, up 98 percent from the previous year.
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Swiss insurance giant Zurich Financial Services AG on Wednesday reported a more than 35 percent jump in net profit for the first nine months of 2004, despite the impact of the most severe U.S. hurricane season in more than a century.
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E-commerce outsourcer posts record profits and earnings.
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Swiss reinsurance group Swiss Re said it had nearly doubled its net profit in the first half of the year thanks to a better-than-expected investment result.
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LONDON (CBS.MW) -- Zurich Financial (ZZ:001107539) gained 2.6 percent in Swiss trade after agreeing to settle US nursing home litigation by paying $47.5 million.
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BASEL, Switzerland  - Net profit at Roche Holding AG  rose 34 percent to 9.17 billion Swiss francs ($7.33 billion) in 2006 due to strong sales of cancer treatments Herceptin and Avastin, just ahead of analysts' expectations.
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Swiss Life Holding, Switzerland s biggest life insurer, said profit in the first half surged as it paid less to pensioners and had a gain from regulatory changes.
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The leading Swiss banking group UBS announced a record net profit of 8.09 billion Swiss francs (5.30 billion euros, 6.62 billion dollars) in 2004, boosted by buoyant financial markets and increased fees.
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Nestle, the world&#39;s biggest food and drink company, on Thursday reported sales of 64.6 billion Swiss francs (US$52.87 billion, euro42.
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The Swiss Reinsurance Company, the worldâs largest reinsurer, said profit nearly doubled last year because of fewer claims from natural disasters and gains from investments and acquisitions. The company earned 4.56 billion Swiss francs ($3.74 billion) for the year, up from a restated figure of 2.3 billion francs for 2005. Swiss Re also announced a 36 percent increase in its dividend, to 3.40 francs ($2.79) a share, and said it would buy back shares worth up to 6 billion francs ($4.9 billion) over the next three years. Swiss Re said it would buy half of a stake held by General Electric as part of the buyback. G.E. is selling a Swiss Re stake valued at 3.5 billion Swiss francs ($2.9 billion), half to Swiss Re and the other half on the open market. G.E. acquired the stake last year when it sold its reinsurance units to Swiss Re.
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German premium carmaker BMW said on  Wednesday its revenues rose 6.8 percent last year and confirmed  it would report record earnings.
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BASEL, Switzerland  - Core net profit at Roche  Holding AG rose by less than expected in 2004 despite strong  sales of cancer drugs, as products such as flu drug Tamiflu  suffered a weaker fourth quarter.
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The Anglo-Australian mining giant unveils record profits of $3.4bn, helped by soaring demand from China.
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Barclays, the third-biggest British bank, has said that net profit surged by 33 percent to a record 4.571 billion pounds (6.782 billion euros, 8.906 billion dollars) in 2006, lifted by its investment banking arm.
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Commerzbank reports a record profit in 2007 despite 774m euros of writedowns linked to the sub-prime mortgage crisis.
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Credit Suisse will seek to launch a  share buyback plan worth up to 6 billion Swiss francs ($5  billion), it said on Thursday, after reporting a better than  expected 22 percent rise in fourth-quarter net profits.
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Goldman Sachs Group Inc.  reported higher quarterly profit on Thursday, beating estimates, on record investment banking fees and strong stock trading.