- Swiss Re reports USD 2.2 billion net income for the first nine months of 2024, driven by strong underwriting and investment contributions, with a 13.4% ROE.
- P&C Re’s net income was USD 603 million, L&H Re USD 1.2 billion, and Corporate Solutions USD 642 million.
- The Group expects a full-year net income over USD 3 billion.
Thu Nov 14 07:24:46 -0000 2024 UTC– Swiss Re reported a net income of USD 2.2 billion for the first nine months of 2024. The income was driven by resilient underwriting and investments across all Business Units, partially offset by reserve strengthening related to P&C Re’s US liability business.
The Group aims to position its property and casualty reserves at the higher end of the best-estimate range. Additionally, the Group maintains a strong capital position and expects a net income of over USD 3 billion for 2024.