Swiss Re AG (OTCPK:SSREY) Q4 2024 Earnings Conference Call February 27, 2025 8:00 AM ET Company Participants Thomas Bohun - Head Group Reporting and IR Andreas Berger - Group CEO John Dacey - Group CFO Conference Call Participants Kamran Hossain - JPMorgan Andrew Baker - Goldman Sachs Ivan Bokhmat - Barclays Iain Pearce - Exane BNP Paribas Vinit Malhotra - Mediobanca Michael Huttner - Berenberg Shanti Kang - Bank of America Faizan Lakhani - HSBC Darius Satkauskas - KBW Ivan Bokhmat - Barclays Operator Good morning or good afternoon. Welcome to Swiss Re Annual Results 2024 Conference Call.
Swiss Re said its LA wildfire losses would come in under $700 million and it had no plans to “pull back” from California.
Swiss Re CEO Andreas Berger discusses increasing natural catastrophe disasters, and explains how falling interest rates will impact the reinsurance sector.
Veronica Scotti, chairperson of public sector solutions at Swiss Re, discusses key developments from the COP-29 climate conference and explains the reinsurer's global risk analysis of flooding.
Swiss Re AG (OTCPK:SSREY) Q3 2024 Earnings Conference Call November 14, 2024 8:00 AM ET Company Participants Thomas Bohun - Head Group Reporting and Investor Relations Andreas Berger - Group Chief Executive Officer John Dacey - Group Chief Financial Officer Conference Call Participants Kamran Hossain - JPMorgan Will Hardcastle - UBS Ivan Bokhmat - Barclays Andrew Baker - Goldman Sachs James Shuck - Citi Michael Huttner - Berenberg Derald Goh - RBC Faizan Lakhani - HSBC Simon Fossmeier - Vontobel Vinit Malhotra - Mediobanca Iain Pearce - BNP Operator Good morning or good afternoon. Welcome to Swiss Re's Nine Months Conference Call.
Swiss RE is a leading global reinsurer with a 5.32% dividend yield but exhibits higher earnings volatility compared to peers like Munich Re and Hannover RE. Despite its volatility, Swiss RE is fundamentally solid, AA-rated, and has a positive outlook with a diversified revenue stream and a strong capital position. Trading at a sub-11x P/E, Swiss RE is undervalued, offering a potential annualized upside of 28.75% based on a fair 15x P/E.
Swiss Re has shown strong performance and growth prospects, with a 21% YTD increase and a target net income of $3.6 billion in 2024. High dividend yield of 5.4% and a robust balance sheet with a 306% solvency ratio, making it appealing for income-focused investors. Valuation suggests a 16.6% upside with a target price of CHF 133/share, supported by a DCF model and multiple valuation methodology.
Swiss Re has shown a positive operating performance recently, driven by higher pricing in the P&C segment and low catastrophe losses, but its valuation appears fair. The company offers a high-dividend yield, which is sustainable and attractive for income-focused investors, with a dividend yield of about 5.4%. Swiss Re's net income for H1 2024 was $2.09 billion, with a strong ROE above 20%, and it is on track to meet its annual targets.
John Dacey, CFO of Swiss Re, discusses the firm's half-year results and explains why profit has beaten expectations.
Start Time: 08:00 January 1, 0000 8:56 AM ET Swiss Re AG (OTCPK:SSREY) Q2 2024 Earnings Conference Call August 22, 2024, 08:00 AM ET Company Participants Andreas Berger - Group CEO John Dacey - Group CFO Thomas Bohun - Head Group Reporting and IR Conference Call Participants Kamran Hossain - JPMorgan Will Hardcastle - UBS James Shuck - Citigroup Derald Goh - RBC Faizan Lakhani - HSBC Vinit Malhotra - Mediobanca Darius Satkauskas - KBW Operator Good morning or good afternoon. Welcome to Swiss Re's Half Year 2024 Results Conference Call.
Reinsurance company Swiss Re said on Thursday that net profit rose 44% in the first six months of the year, roughly in line with expectations, and it maintained its full-year targets.
Swiss Re (SSREY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.