Swiss Re Reports Strong 2024 Earnings and Dividend Increase

Swiss Re AG ( (SSREF) ) has released its Q4 earnings. Here is a breakdown of the information Swiss Re AG presented to its investors.

Swiss Re AG is a leading global reinsurance company based in Zurich, Switzerland, providing insurance-based risk transfer solutions across various sectors, including property, casualty, life, and health.

In its latest earnings report, Swiss Re announced a net income of USD 3.2 billion for 2024, achieving a return on equity of 15%. The company also proposed an 8% increase in dividends, reflecting its strong financial performance and commitment to shareholder returns.

Key highlights from the report include a net income of USD 1.2 billion from Property & Casualty Reinsurance, despite challenges from natural catastrophe claims and reserve strengthening. Corporate Solutions reported a 26% increase in net income, achieving a combined ratio of 89.7%, while Life & Health Reinsurance met its net income target of USD 1.5 billion. The company also maintained a robust capital position with a Swiss Solvency Test ratio above its target range.

Looking ahead, Swiss Re aims for a net income of over USD 4.4 billion in 2025, with specific targets for its business units, including a combined ratio of less than 85% for P&C Re. The company remains focused on disciplined underwriting and achieving its strategic financial goals.