February 18, 2019 / 6:20 AM / 3 months ago

Swiss Re completes 1 billion franc share buyback

ZURICH, Feb 18 (Reuters) - Swiss Re has completed its 1 billion Swiss franc ($996.12 million) share buyback, the reinsurer said on Monday, finishing a programme launched last year.

The Zurich-based company said it had bought 11.2 million shares, equivalent to 3.21 percent of its outstanding shares, at an average price of 89.17 francs per share.

The buy-back was established to return capital to shareholders, said the company, which is due to report its full-year earnings on Thursday. ($1 = 1.0039 Swiss francs) (Reporting by John Revill, Editing by Tassilo Hummel)

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