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Swiss Re AG (SSREF)
:SSREF
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
3.19Last Year’s EPS
3Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 8.16%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Neutral
Swiss Re's earnings call reflected a mixed sentiment with significant reserving actions impacting profitability, yet demonstrating strong underlying business performance and capital resilience. The group remains well-capitalized and focused on long-term growth, despite challenges in the US liability market and natural catastrophe impacts.Company Guidance
During the Swiss Re Nine Months Conference Call for the fiscal year 2024, significant guidance was provided regarding the company's financial outlook and strategic actions. Swiss Re added $2.4 billion to the P&C Re's prior year nominal US liability reserves in Q3, totaling $3.1 billion for the first nine months, positioning its reserves at the 90th percentile of the best estimate range. Despite this substantial reserve strengthening, the company reported a Q3 profit of $102 million and a nine-month group net income of $2.2 billion. The combined nine-month ratio for P&C Re was 92.8%, reflecting resilience against a backdrop of significant natural catastrophe events, with losses reported at slightly over $800 million against a budget of $1.35 billion. Corporate Solutions achieved a nine-month combined ratio of 89.4%, with a strong investment return of 3.9%. Looking ahead, Swiss Re anticipates a group net income exceeding $3 billion for the full year 2024, assuming normal loss activity, and plans to announce 2025 financial targets at their Management Dialogue event in December.Group Net Income Achievement
Swiss Re reported a group net income of $2.2 billion for the first nine months of 2024, with a third-quarter profit of $102 million, despite significant reserving actions and natural catastrophe events.
Strong Capital Position
The group's SST ratio remains strong at 284%, reflecting a robust capital position well above the top end of the targeted long-term range, even after methodology updates.
Life & Health Re Net Income
Life & Health Re reported a net income of $1.2 billion for the first nine months of 2024, driven by in-force margins and recurring investment income.
Corporate Solutions Performance
Corporate Solutions continues its strong performance with a nine-month combined ratio of 89.4% and is on track to overachieve the full-year target of a combined ratio less than 93%.
Return on Investments
Strong return on investments at 3.9% for the first nine months, driven by higher contributions from recurring income, which increased by about $400 million year-over-year.
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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 |
|---|---|---|---|
| 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% |
| Feb 16, 2024 | $118.00 | $115.12 | -2.44% |
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 Feb 27, 2025, TBA Not Confirmed.
What is Swiss Re AG (SSREF) earnings time?
Swiss Re AG (SSREF) earnings time is at Feb 27, 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 2024 (Q4) is 3.19.
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