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Swiss Life returns to black after cuts

13 April 2012

SWITZERLAND'S largest life insurer, Swiss Life, swung back into the black over the first half of the year as it benefited from a restructuring that involved widespread job cuts and the sale of non-core businesses. Net profit in the six months to 30 June was Swfr66m (£30.1m) against a loss of Swfr578m a year ago.

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