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Swiss Re (SSREY)
OTHER OTC:SSREY
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.8Last Year’s EPS
0.75Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 12.52%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a generally positive performance by Swiss Re, with strong underlying results across various segments despite significant reserving actions and natural catastrophe losses. The company has demonstrated resilience and maintained a robust capital position, although challenges in the US liability market and natural catastrophe impacts remain areas of concern.Company Guidance
During Swiss Re's nine-month conference call for fiscal year 2024, the company provided guidance on several key metrics. Swiss Re expects its group net income to exceed USD 3 billion for the full year, assuming normal natural catastrophe experience going forward. The company has strengthened its P&C Re's US liability reserves, adding USD 2.4 billion in Q3, bringing the total to USD 3.1 billion for the first nine months, aiming for the 90th percentile of the best estimate range. Despite significant natural catastrophe events, Swiss Re reported a small profit in Q3, with a nine-month group net income of USD 2.2 billion. The P&C Re segment achieved a combined ratio of 92.8%, while Corporate Solutions reported a nine-month combined ratio of 89.4%. The Life & Health Re segment is targeting a full-year net income of approximately USD 1.5 billion. The company's capital position remains strong, with a group SST ratio of 284%. Swiss Re also discussed its decision to withdraw from iptiQ, having sold iptiQ EMEA P&C to Allianz Direct, and is evaluating options for the remaining business. The company plans to announce its financial targets for 2025 during the Management Dialogue event in December.Strong Underlying Performance Despite Challenges
Swiss Re posted a group net income of $2.2 billion for the first nine months of 2024, despite significant reserving actions and natural catastrophe events.
P&C Re Combined Ratio
The P&C Re nine-month combined ratio was 92.8%, reflecting resilient underwriting results despite the $2.8 billion reserve strengthening.
Corporate Solutions Performance
Corporate Solutions reported a nine-month combined ratio of 89.4%, indicating strong business performance and favorable premium volume developments.
Return on Investments
The return on investments was strong at 3.9% for the first nine months, driven by higher recurring income, which increased by about $400 million year-over-year.
Capital Position
Swiss Re's capital position remains strong with a group SST ratio of 284%, reflecting important methodology updates and reduced sensitivity to interest rate movements.
Life & Health Re Performance
Life & Health Re reported net income of $1.2 billion for the first nine months, driven by enforced margins and recurring investment income, targeting $1.5 billion for the full year.
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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 |
|---|---|---|---|
| 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% |
| Feb 16, 2024 | $28.35 | $27.62 | -2.57% |
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 Feb 27, 2025, TBA Not Confirmed.
What is Swiss Re (SSREY) earnings time?
Swiss Re (SSREY) earnings time is at Feb 27, 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 2024 (Q4) is 0.8.
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