May 7, 2014 / 5:26 AM / 3 years ago

Swiss Re posts net profit of $1.2 bln in first quarter

ZURICH, May 7 (Reuters) - Swiss Re, the world's second largest reinsurer, recorded a profit of $1.2 billion for the first three months of the year, helped by fewer natural catastrophes.

This compared to an average forecast for $909 million net profit in a Reuters poll of analysts.

The group, which competes with Germany's Munich Re , said it remained on track to its achieve 2011-2015 financial targets. (Reporting by Alice Baghdjian)

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