ZURICH, May 3 (Reuters) - Insurer Swiss Life said premium income fell 10 percent in local currencies in the first three months of the year, hit by a big decline in its business for high net worth individuals.
Switzerland's biggest dedicated life insurer posted first-quarter premium income of 6.8 billion Swiss francs.
AWD, which the insurer bought for 1.2 billion euros in 2008 and initially proved a headache, posted earnings before interest and tax (EBIT) of 9.5 million euros. (Zurich Newsroom, zurich.newsroom@reuters.com, +41 58 306 7336) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Switzerland's biggest dedicated life insurer posted first-quarter premium income of 6.8 billion Swiss francs.
AWD, which the insurer bought for 1.2 billion euros in 2008 and initially proved a headache, posted earnings before interest and tax (EBIT) of 9.5 million euros. (Zurich Newsroom, zurich.newsroom@reuters.com, +41 58 306 7336) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2011 AFX News
