Swiss Re, the world's largest reinsurer, posted a first-quarter net profit of $1.10 billion, lifted by the sale of its 'Gherkin' office building in London.
Profits were at the upper end of expectations and helped by the purchase of General Electric's units last year.
The company repeated its targets of profits per share growth of 10% this year.
The group said it had booked a $221m gain from the £600m ($1.20 billion) sale of its iconic Gherkin office in London and it would spread another gain of around 220 million francs (€33.5m) over a 25-year period.
