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flag Swiss Re reports a 16% profit increase to $1.275B despite facing massive wildfire claims.

flag Despite facing $570 million in claims from deadly wildfires in Los Angeles, Swiss Re reported a 16% increase in first-quarter net profit to $1.275 billion. flag The profit rise was driven by strong investments and tax benefits, though revenue dropped 11% from the previous year. flag Swiss Re remains confident about meeting its 2025 targets.

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