Swiss Re remains a Buy, driven by robust earnings growth and a strong solvency ratio. Q1 results exceeded expectations, with net profit boosted by lower tax and investment gains, and core profitability showing structural improvement in the combined ratio evolution. We raised our target price, reflecting higher EPS estimates from share buybacks.
Swiss Re AG (OTCPK:SSREY) Q1 2025 Earnings Conference Call May 16, 2025 8:00 AM ET Company Participants Thomas Bohun - Head Group Reporting and IR Andreas Berger - Group CEO Anders Malmstrom - Group CFO Conference Call Participants Kamran Hossain - JPMorgan Andrew Baker - Goldman Sachs Will Hardcastle - UBS Iain Pearce - BNP Paribas Exane Michael Huttner - Berenberg Ivan Bokhmat - Barclays James Shuck - Citi Shanti Kang - Bank of America Faizan Lakhani - HSBC Vinit Malhotra - Mediobanca Operator Good morning or good afternoon. Welcome to Swiss Re's First Quarter 2025 Key Financial Data Conference Call.
The reinsurer reported a larger-than-expected increase in net profit as the group was able to absorb the impact of the wildfires that ravaged California in January.
![]() SSREY In 9 months Estimated | Annual | $1.84 Per Share |
![]() SSREY 2 months ago Paid | Annual | $1.84 Per Share |
![]() SSREY 16 Apr 2024 Paid | Annual | $1.7 Per Share |
![]() SSREY 14 Apr 2023 Paid | Annual | $1.6 Per Share |
![]() SSREY 19 Apr 2022 Paid | Annual | $1.57 Per Share |
![]() SSREY 20 Apr 2021 Paid | Annual | $1.38 Per Share |
14 Aug 2025 (In 1 month) Date | | 0.97 Cons. EPS | - EPS |
16 May 2025 Date | | - Cons. EPS | - EPS |
27 Feb 2025 Date | | - Cons. EPS | - EPS |
14 Nov 2024 Date | | - Cons. EPS | - EPS |
22 Aug 2024 Date | | - Cons. EPS | - EPS |
![]() SSREY In 9 months Estimated | Annual | $1.84 Per Share |
![]() SSREY 2 months ago Paid | Annual | $1.84 Per Share |
![]() SSREY 16 Apr 2024 Paid | Annual | $1.7 Per Share |
![]() SSREY 14 Apr 2023 Paid | Annual | $1.6 Per Share |
![]() SSREY 19 Apr 2022 Paid | Annual | $1.57 Per Share |
![]() SSREY 20 Apr 2021 Paid | Annual | $1.38 Per Share |
14 Aug 2025 (In 1 month) Date | | 0.97 Cons. EPS | - EPS |
16 May 2025 Date | | - Cons. EPS | - EPS |
27 Feb 2025 Date | | - Cons. EPS | - EPS |
14 Nov 2024 Date | | - Cons. EPS | - EPS |
22 Aug 2024 Date | | - Cons. EPS | - EPS |
Insurance - Reinsurance Industry | Financial Services Sector | Mr. Alexander Andreas M. Berger CEO | OTC PINK Exchange | 870886108 Cusip |
CH Country | 15,000 Employees | 16 Apr 2025 Last Dividend | 16 Jun 2015 Last Split | 14 Apr 1998 IPO Date |
Swiss Re AG is a global leader in reinsurance, insurance, and other forms of risk transfer services, catering to a wide range of clients worldwide. With a history dating back to 1863, the company has developed a comprehensive portfolio of services to meet the needs of stock and mutual insurance companies, public sector and governmental entities, mid-sized and large corporations, and individuals. Based in Zurich, Switzerland, Swiss Re operates through three main segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions, each dedicated to providing specialized risk management solutions.
This segment includes a broad range of services such as property, credit and surety, engineering, aviation, marine, agriculture, retakaful, and facultative reinsurance solutions. These services are designed to help clients manage risks related to physical assets and liabilities. Casualty reinsurance further provides liability, motor, worker's compensation, personal accident, management and professional liability, cyber, and facultative reinsurance solutions, addressing various liability and casualty risk needs.
Offering reinsurance for life and health insurance products, this segment supports insurers in managing risks and liabilities associated with life and health coverage. Through reinsurance agreements, Swiss Re provides financial protection and risk management to insurers, enabling them to offer life and health insurance policies to individuals and groups with minimized risk.
Swiss Re's Corporate Solutions segment provides a wide array of risk transfer products and services, ranging from standard risk transfer covers and multi-line programs to customized solutions. This offering is targeted toward mid-sized and large corporations, helping them to manage a diverse set of risks through innovative and tailored insurance solutions.