Swiss Re Targets Net Income Of More Than Us$4.4 Billion For 2025

Swiss Re is targeting a nett income of much than US$4.4 cardinal for 2025 and intends to turn nan mean dividend per stock by 7% aliases much per twelvemonth complete nan adjacent 3 years while maintaining its multi-year IFRS ROE target of much than 14%.

“As we look up to 2025, we expect P&C reinsurance pricing to stay strong, pinch increasing request for protection driven by an elevated consequence environment,” commented Swiss Re’s Group Chief Executive Officer Andreas Berger, successful a statement.

P&C Re is aiming for a mixed ratio of little than 85%, while Corporate Solutions will target a mixed ratio of little than 91%. L&H Re will target a nett income of US$1.6 cardinal for nan year. (A mixed ratio beneath 100 indicates an underwriting profit).

“Commercial security pricing is plateauing astatine charismatic levels, while nan increasing life security marketplace and favourable mortality acquisition successful nan US are underpinning L&H Re’s performance,” Berger added. “This is supported by a important affirmative publication from finance income. With a continued attraction connected disciplined underwriting and costs, Swiss Re is well-placed to use from this conducive outlook.”

Berger said Swiss Re has taken decisive actions this twelvemonth to summation nan resilience of nan group’s business.

“We achieved our extremity of positioning wide P&C reserves astatine nan higher extremity of nan best-estimate range,” commented Swiss Re’s Group Chief Executive Officer Andreas Berger, successful a statement. “We refocused connected our halfway capabilities, made bully advancement connected nan withdrawal from iptiQ and are aligning our fee-generating business crossed nan group.”

All business units are aiming for much eager targets successful 2025 compared pinch 2024, nan group said.

Swiss Re expects that its ongoing attraction connected costs subject and ratio will lead to a simplification successful run-rate operating expenses of astir US$300 cardinal by 2027.

Related:

• Swiss Re Agrees to Sell iptiQ’s European P&C Business to Allianz Direct
• Swiss Re to Withdraw From Digital Insurer iptiQ, Reports Strong Q1 Net Income of $1.1B

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