The group continues to aim for annual dividend per share growth of 7% or more over next two years and to complement this with an annual share buyback program starting in 2026.
With excess capital, we expect Swiss Re to announce a meaningful buyback at the December 5th investor event. Despite L&H volatility, underlying P&C profitability remains in the low-80s combined-ratio range, and reinvestment yields continue to rise. This will support the 2026 results. Q3 results delivered a clear beat, and a 268% Solvency II ratio will support Swiss Re's financial stability. We remain buyers.
Swiss Re AG (OTCPK:SSREY) Q3 2025 Earnings Call November 14, 2025 7:30 AM EST Company Participants Alexander Andreas Berger - Group Chief Executive Officer Anders Malmstrom - Group Chief Financial Officer Thomas Bohun - Head of Investor Relations Conference Call Participants Kamran Hossain - JPMorgan Chase & Co, Research Division Andrew Baker - Goldman Sachs Group, Inc., Research Division Shanti Kang - BofA Securities, Research Division Ivan Bokhmat - Barclays Bank PLC, Research Division Iain Pearce - BNP Paribas, Research Division James Shuck - Citigroup Inc., Research Division Vinit Malhotra - Mediobanca - Banca di credito finanziario S.p.A., Research Division William Hardcastle - UBS Investment Bank, Research Division Benjamin Cohen - RBC Capital Markets, Research Division Presentation Operator Good morning or good afternoon.
| - Industry | - 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.