Reinsurer Swiss Re on Thursday posted a 27.2 percent jump in 2018 net profit, despite claims from large-scale natural catastrophes and man-made disasters.
Net profit for the full year came in at $421 million, compared with $331 million a year ago.
However, company's net profit lagged Reuters poll analysts' estimate of $525 million.
Last year was not as severe as 2017, when a series of major hurricanes, fires and earthquakes in North America made it the costliest year ever for the industry. However, the reinsurer said 2018 was still among the most expensive ever.