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Swiss Re AG (SSREF)
:SSREF
Earnings Data
Report Date
May 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.91Last Year’s EPS
3.76Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -7.24%
|Next Earnings Date:May 16, 2025
Earnings Call Sentiment|Positive
Swiss Re demonstrated strong financial performance in 2024, with significant net income and return on equity. The company's strategic actions in strengthening reserves and achieving healthy renewals bolster its position. However, the impact of natural catastrophes such as the LA wildfires and adjustments in Life & Health Re assumptions present challenges. Overall, the highlights outweigh the lowlights, indicating a positive trajectory with some areas for caution.Company Guidance
During Swiss Re's 2024 conference call, the company reported a net income of $3.2 billion and a return on equity of 15%, following a robust fourth quarter performance. The Property & Casualty (P&C) reserves were positioned at the 90th percentile of the best estimate range, with $2.4 billion added to U.S. liability reserves in the third quarter and $3.1 billion throughout 2024. P&C Re experienced a 7% volume growth during January renewals, with a 2.8% price increase and a 4.2% loss pick, reflecting inflation considerations. Corporate Solutions achieved an 89.7% combined ratio against a target of less than 93%, marking its 18th consecutive quarter of consensus beat. Life & Health Re met its $1.5 billion net income target, despite a 6% reduction in the CSM balance due to assumption updates. The company proposed an 8% dividend increase, aligning with its goal of growing dividends by at least 7% annually over the next three years. Looking ahead, Swiss Re aims for a net income of over $4.4 billion in 2025, with an anticipated $300 million reduction in operating costs by 2027, including a $100 million reduction in 2025.Strong Overall Results
Swiss Re reported a net income of US$3.2 billion for 2024 with a return on equity of 15%. Corporate Solutions achieved an 89.7% combined ratio, outperforming its target of less than 93%.
P&C Reserves Strengthened
P&C reserves were positioned at the 90th percentile of the best estimate range due to decisive actions, including a US$2.4 billion addition to U.S. liability reserves.
Healthy January Renewals
January renewals saw a volume growth of 7% and a nominal price increase of around 3%, with a 4.2% increase in loss pick.
Dividend Increase
Swiss Re proposed an 8% dividend increase, aligning with its objective to grow the dividend by at least 7% per year over the next three years.
Improved Investment Returns
Return on investments rose from 3.2% in 2023 to 4.0% in 2024, driven by a substantial increase in recurring income.
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SSREF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SSREF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $160.50 | $161.06 | +0.35% |
| Nov 14, 2024 | $137.65 | $136.04 | -1.17% |
| Aug 22, 2024 | $130.57 | $135.20 | +3.55% |
| May 16, 2024 | $115.24 | $118.68 | +2.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Swiss Re AG (SSREF) report earnings?
Swiss Re AG (SSREF) is schdueled to report earning on May 16, 2025, TBA Not Confirmed.
What is Swiss Re AG (SSREF) earnings time?
Swiss Re AG (SSREF) earnings time is at May 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SSREF EPS forecast?
SSREF EPS forecast for the fiscal quarter 2025 (Q1) is 2.91.
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