Swiss Re Posts Upbeat 2011 Profit, Raises Dividend

Swiss Re SSREF posted a strong rise in its net profit in 2011. Swiss Re's net profit for the period surged to $2.63 billion, beating analysts' estimates. Its earnings per share surged 157% to CHF6.79, from CHF2.64. Swiss Re announced its plans to raise its dividend to CHF3 per share from CHF2.75 per share.