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Swiss Re (SSREY)
OTHER OTC:SSREY
Earnings Data
Report Date
May 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.73Last Year’s EPS
0.94Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 1.31%
|Next Earnings Date:May 16, 2025
Earnings Call Sentiment|Positive
Swiss Re demonstrated strong financial performance in 2024, with significant achievements in net income, return on equity, and segment performance. However, the company faced challenges in meeting certain targets due to reserving actions and external events like the LA wildfires. Overall, the positive aspects slightly outweigh the lowlights, indicating a strong but cautious outlook for the future.Company Guidance
During the Swiss Re Annual Results 2024 Conference Call, Group CEO Andreas Berger and Group CFO John Dacey provided detailed guidance on the company's financial performance and future outlook. Swiss Re reported a net income of $3.2 billion for 2024, with a return on equity of 15%. The company positioned its P&C reserves at the 90th percentile by adding $2.4 billion to U.S. liability reserves in Q3 and $3.1 billion throughout the year. P&C Re achieved volume growth of 7% and a nominal price increase of 2.8%, while Corporate Solutions attained an 89.7% combined ratio, surpassing its target. Life & Health Re reached a net income target of $1.5 billion, despite a 6% reduction in its CSM balance. For 2025, Swiss Re aims for a net income of over $4.4 billion and expects a $100 million reduction in operating costs. The company also plans an 8% dividend increase, aligning with their strategy to grow dividends by at least 7% per year over three years. Swiss Re is confident in achieving these targets, despite accounting for a preliminary loss of under $700 million from the LA wildfires, and anticipates a $300 million operating cost reduction by 2027.Strong Net Income and Return on Equity
Swiss Re delivered a net income of US$3.2 billion for 2024, with a return on equity of 15%.
P&C Reserves and Renewals
Positioned P&C reserves at the 90th percentile of the best estimate range. Achieved 7% volume growth in January renewals, driven by property and specialty lines.
Corporate Solutions Performance
Corporate Solutions outperformed its combined ratio target, achieving 89.7%, marking the 18th consecutive quarter of consensus beat.
Life & Health Re Net Income Target
Delivered on the 2024 US$1.5 billion net income target despite negative impacts from assumption strengthening.
Return on Investments
Return on investments increased from 3.2% in 2023 to 4.0% in 2024, driven by a substantial increase in recurring income.
Dividend Increase Proposal
Proposed an 8% dividend increase for the upcoming AGM, delivering against the objective of growing the dividend by at least 7% per year.
Strong Capital Position
The group SST ratio was 257% as of January 1, 2025, above the target range of 200% to 250%.
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SSREY 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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SSREY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $40.41 | $40.36 | -0.12% |
| Nov 14, 2024 | $34.11 | $34.14 | +0.09% |
| Aug 22, 2024 | $32.49 | $34.00 | +4.65% |
| May 16, 2024 | $28.65 | $29.76 | +3.87% |
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 (SSREY) report earnings?
Swiss Re (SSREY) is schdueled to report earning on May 16, 2025, TBA Not Confirmed.
What is Swiss Re (SSREY) earnings time?
Swiss Re (SSREY) earnings time is at May 16, 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 SSREY EPS forecast?
SSREY EPS forecast for the fiscal quarter 2025 (Q1) is 0.73.
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