Swiss Re Reports Strong 2024 Earnings and Dividend Increase

Swiss Re AG ( (SSREY) ) has released its Q4 earnings. Here is a breakdown of the information Swiss Re AG presented to its investors.

Swiss Re AG is a leading global provider of reinsurance, insurance, and other insurance-based risk transfer solutions, headquartered in Zurich, Switzerland. The company is known for its expertise in managing risks related to natural catastrophes, climate change, and other complex global challenges.

Swiss Re reported a net income of USD 3.2 billion for the year 2024, achieving a return on equity of 15%. The company also announced a proposed dividend increase of 8% to USD 7.35 per share, reflecting its strong financial performance and commitment to shareholder returns.

Key financial highlights include a net income of USD 1.2 billion from Property & Casualty Reinsurance, despite reserve strengthening actions, and a net income of USD 829 million from Corporate Solutions, which outperformed its combined ratio target. Life & Health Reinsurance also delivered a net income of USD 1.5 billion, meeting its targets. The company maintained a robust capital position with a Group Swiss Solvency Test ratio of 257%.

Swiss Re’s strategic focus on disciplined underwriting and investment income contributed to its strong performance. The company achieved a return on investments of 4.0% and increased its insurance revenue to USD 45.6 billion. The successful renewal of P&C Re treaties with a 7.0% premium volume increase further supports its growth objectives.

Looking ahead, Swiss Re aims for a net income of over USD 4.4 billion in 2025, with specific targets for its business units. The company remains focused on delivering its financial targets and enhancing cost efficiency, supported by a resilient foundation and disciplined business practices.