Swiss Re AG (SSREY) Q3 2024 Earnings Call Transcript
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: More Volatile Than Munich, But Cheap And A "Buy" Here
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.
Buy Swiss Re To Mitigate Market Risk
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: Fair Valuation For This 5.4% Yielder
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.
Low natural catastrophe claims benefitting reinsurance industry, Swiss Re CFO says
John Dacey, CFO of Swiss Re, discusses the firm's half-year results and explains why profit has beaten expectations.
Swiss Re AG (SSREY) Q2 2024 Earnings Call Transcript
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.
Swiss Re reports 44% rise in net profit, in line with expectations
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) Upgraded to Strong Buy: Here's What You Should Know
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.
Swiss Re: Encouraging Net Income And Price Growth
Swiss Re has continued to see encouraging growth in net income and renewal pricing. Return on equity continues to see growth. I take a bullish view on Swiss Re.
