Swiss Re's earnings call highlights strong financial performance and disciplined cost management, with significant progress in P&C and investment results. However, challenges persist with declining insurance revenue and negative experience variance in Life & Health Re, as well as pressure on P&C rates.

Company Guidance

During Swiss Re's Half Year 2025 Results Conference Call, the company reported a strong net income of USD 2.6 billion for the first half, with an annualized ROE of 23%. The company achieved 60% of its full-year net income target of over USD 4.4 billion, largely driven by a robust underwriting performance in its P&C businesses, which benefited from a relatively calm second quarter with respect to large losses. The P&C Re business saw a nominal reserve release of around USD 250 million and a first-half combined ratio of 81.1%, well below the 85% target. Meanwhile, Life & Health Re reported a net income of USD 839 million, slightly above the pro-rated target. Swiss Re maintained its focus on underwriting discipline and cost management, targeting a reduction in its cost run rate by around USD 100 million in 2025, contributing to an overall target of USD 300 million by 2027. The company also highlighted a solid investment result with an ROI of 4.1% and estimated a Group SST ratio of 264% as of July 2025, up by 7 points since the beginning of the year.

Strong Net Income and ROE

Swiss Re reported a strong net income of USD 2.6 billion for the first half of 2025, resulting in an annualized ROE of 23%.

Resilient P&C Business

P&C Re's new business CSM of USD 2.2 billion in the first 6 months of the year is unchanged from the same period a year ago, showing solid performance despite market challenges.

Cost Reduction Progress

The company is on track to reduce its cost run rate by around USD 100 million this year, contributing to the overall target of USD 300 million by 2027.

Improved Combined Ratios

P&C Re's combined ratio for the first half was 81.1% compared to a target of 85%, and Corporate Solutions achieved 88.2% against a target of less than 91%.

Strong Investment Results

The return on investment was 4.1%, slightly ahead of last year's 4%, driven by realized gains and healthy recurring income.

Swiss Re (SSREY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SSREY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 14, 2025	2025 (Q3)	0.92 / -	0.078	―	―	―
Aug 14, 2025	2025 (Q2)	1.05 / 1.11	0.802	38.90% (+0.31)
May 16, 2025	2025 (Q1)	0.80 / 1.08	0.94	14.68% (+0.14)
Feb 27, 2025	2024 (Q4)	0.79 / 0.89	0.749	19.09% (+0.14)
Nov 14, 2024	2024 (Q3)	0.81 / 0.08	0.792	-90.15% (-0.71)
Aug 22, 2024	2024 (Q2)	0.79 / 0.80	0.695	15.40% (+0.11)
May 16, 2024	2024 (Q1)	0.68 / 0.94	0.582	61.51% (+0.36)
Feb 16, 2024	2023 (Q4)	0.75 / 0.75	0.121	519.01% (+0.63)
Nov 03, 2023	2023 (Q3)	0.76 / 0.79	0.09	780.00% (+0.70)
Aug 04, 2023	2023 (Q2)	0.72 / 0.69	0.329	111.25% (+0.37)

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

SSREY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 14, 2025	$46.85	$45.05	-3.84%
May 16, 2025	$44.70	$44.21	-1.10%
Feb 27, 2025	$39.32	$39.27	-0.13%
Nov 14, 2024	$33.19	$33.22	+0.09%

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.

FAQ

When does Swiss Re (SSREY) report earnings?

Swiss Re (SSREY) is schdueled to report earning on Nov 14, 2025, Before Open (Confirmed).

What is Swiss Re (SSREY) earnings time?

Swiss Re (SSREY) earnings time is at Nov 14, 2025, Before Open (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 SSREY EPS forecast?

SSREY EPS forecast for the fiscal quarter 2025 (Q3) is 0.92.

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