Swiss Re (SSREY)
OTHER OTC:SSREY
Want to see SSREY full AI Analyst Report?
Top Page
Swiss Re
(OTC:SSREY)
Select Model
Select Model
Rating:72Outperform
Price Target:
$46.00
▼(-0.30% Downside)
Action:Upgraded
Date:05/07/26
The score is driven primarily by solid financial performance (profit and margin improvement, healthier leverage) and very attractive valuation (low P/E and strong dividend yield). The earnings call supports the outlook with strong Q1 results and reaffirmed targets, but pricing pressure and added reserves increase risk. Technicals are mixed and do not add strong momentum support.
Positive Factors
Profitability recovery & margin expansion
Swiss Re’s return from a 2020 loss to multi‑billion dollar net income and near‑10% net margins indicates sustainable operating improvement. Stronger margins across cycles raise resilience versus prior loss years, supporting durable earnings power and funding for capital returns and reinvestment over the next 2–6 months.
Negative Factors
Pricing and volume headwinds in P&C
Sustained negative net price change and lower volumes signal competitive pressure and softer rate environment in parts of P&C. Structural pricing weakness can compress future underwriting margins and require stricter selection or higher retention, limiting durable top‑line growth and underwriting earnings visibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery & margin expansion
Swiss Re’s return from a 2020 loss to multi‑billion dollar net income and near‑10% net margins indicates sustainable operating improvement. Stronger margins across cycles raise resilience versus prior loss years, supporting durable earnings power and funding for capital returns and reinvestment over the next 2–6 months.
Read all positive factors
Swiss Re (SSREY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$41.41B
Dividend Yield4.42%
Average Volume (3M)6.68K
Price to Earnings (P/E)13.0
Beta (1Y)0.44
Revenue Growth-4.51%
EPS GrowthN/A
CountryUS
Employees15,000
SectorFinancial
Sector Strength70
IndustryInsurance - Reinsurance
Share Statistics
EPS (TTM)3.99
Shares Outstanding1,195,046,900
10 Day Avg. Volume9,895
30 Day Avg. Volume6,678
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)1.99
Price to Sales (P/S)1.04
P/FCF Ratio16.47
Enterprise Value/Market Cap1.22
Enterprise Value/Revenue1.11
Enterprise Value/Gross Profit1.11
Enterprise Value/Ebitda5.03
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.98
Revenue Forecast (FY)$43.25B
Swiss Re Business Overview & Revenue Model
Company Description
Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through Property & Casualty Reinsurance, Lif...
How the Company Makes Money
Swiss Re makes money primarily by underwriting insurance and reinsurance risk and by earning investment income on the assets it holds to pay future claims. In reinsurance, it collects premiums from primary insurers in exchange for assuming a porti...
Swiss Re Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call presented a generally positive operational and financial picture for Q1 2026: strong group net income ($1.5bn), robust segment profits (P&C Re +43%, CorSo +26%, L&H +12%), and healthy investment returns supported near-term performance. However, management flagged meaningful headwinds — renewed pricing weakness in parts of P&C (net price -4.4%, volume -2%), additional reserves totaling ~$500m ($400m for Middle East inflation risk and ~$100m IBNR), heightened competition, and non-recurring items in investment results. Management stressed disciplined underwriting, active cycle management and selective capital deployment to navigate the challenging market. On balance the financial outturn and clear management actions outweigh the headwinds, but risks and one-offs temper near-term visibility.Positive Updates
Strong Group Net Income
Swiss Re reported net income of $1.5 billion in Q1 2026, with all business units posting increased earnings and management stating the group is on a good path toward its 2026 financial targets.
Negative Updates
Pricing and Volume Pressure in P&C Re
January and April renewals combined showed overall nominal pricing broadly flat but, after prudent increases to loss assumptions, a net price change of negative 4.4%. Overall volume was down ~2%. April renewals affected markets representing ~12% of the P&C Re book and competition has intensified.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Group Net Income
Swiss Re reported net income of $1.5 billion in Q1 2026, with all business units posting increased earnings and management stating the group is on a good path toward its 2026 financial targets.
Read all positive updates
Company Guidance
Swiss Re guided that it remains on track to deliver its 2026 financial targets and preserve group resilience, after reporting Q1 net income of $1.5bn; P&C Re net income rose 43% to $754m with a combined ratio of 79.5% (vs full‑year target <85%) and $133m of large natural catastrophe losses, while Corporate Solutions net income was $262m (+26%) with a combined ratio of 85.1% (vs target <91%) and Life & Health Re net income was $491m (+12%) on the way to a full‑year target of $1.7bn. Management reiterated discipline on underwriting and cycle management (overall nominal pricing flat, net price change -4.4% after higher loss assumptions, volume -2%), warned of second‑order inflationary effects from the Middle East conflict and parked additional reserves of ~$400m ($350m P&C Re, $50m CorSo) plus ~USD100m IBNR for attritional losses, noted investment results of 4.6% (recurring 4.1%, reinvestment ~4.3%) with a one‑off Swiss real‑estate gain, and confirmed a capital policy of increasing dividend payout and sustainable share buybacks when full‑year targets are met.Swiss Re Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 48.19B | 46.76B | 43.64B | 46.04B | 45.94B |
| Gross Profit | 48.19B | 43.14B | 40.32B | 38.24B | 37.70B |
| EBITDA | 6.59B | 4.27B | 4.26B | 1.65B | 3.07B |
| Net Income | 4.76B | 3.24B | 3.11B | 472.00M | 1.44B |
Balance Sheet | |||||
| Total Assets | 134.01B | 127.23B | 179.58B | 170.68B | 181.57B |
| Cash, Cash Equivalents and Short-Term Investments | 2.74B | 88.64B | 88.38B | 85.61B | 4.15B |
| Total Debt | 8.98B | 7.26B | 9.82B | 11.04B | 11.19B |
| Total Liabilities | 108.71B | 103.99B | 163.21B | 157.87B | 157.89B |
| Stockholders Equity | 25.11B | 23.11B | 22.31B | 12.70B | 23.57B |
Cash Flow | |||||
| Free Cash Flow | 3.04B | 3.13B | 4.09B | 2.93B | 4.10B |
| Operating Cash Flow | 3.04B | 3.13B | 4.09B | 2.93B | 4.10B |
| Investing Cash Flow | -2.29B | -407.00M | -362.00M | -2.34B | -2.14B |
| Financing Cash Flow | -2.14B | -2.97B | -3.22B | -1.24B | -2.10B |
Swiss Re Technical Analysis
Negative
46.14
Price Trends
39.99
Negative
39.80
Negative
41.51
Negative
Market Momentum
-0.63
Positive
36.71
Neutral
0.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSREY, the sentiment is Negative. The current price of 46.14 is above the 20-day moving average (MA) of 39.21, above the 50-day MA of 39.99, and above the 200-day MA of 41.51, indicating a bearish trend. The MACD of -0.63 indicates Positive momentum. The RSI at 36.71 is Neutral, neither overbought nor oversold. The STOCH value of 0.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SSREY.
Swiss Re Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $2.65B | 5.05 | 22.02% | ― | 22.94% | 317.95% | |
77 Outperform | $13.59B | 6.60 | 13.31% | 2.37% | -0.63% | 147.66% | |
77 Outperform | $3.04B | 4.84 | 23.38% | ― | 20.32% | 98.92% | |
75 Outperform | $13.55B | 11.03 | 9.47% | 1.76% | 18.66% | 55.67% | |
74 Outperform | $12.35B | 4.32 | 24.71% | 0.57% | -8.19% | 90.81% | |
72 Outperform | $41.41B | 13.01 | 14.51% | 4.42% | -4.51% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
SSREY
Swiss Re
37.65
-5.20
-12.14%
EG
Everest Group
333.23
-7.62
-2.24%
RGA
Reinsurance Group
204.56
4.13
2.06%
RNR
Renaissancere Holdings
285.63
37.73
15.22%
SPNT
SiriusPoint
21.64
2.05
10.46%
HG
Hamilton Insurance Group, Ltd. Class B
30.00
9.67
47.54%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.