Swiss Re AG

Swiss Re AG engages in the provision of reinsurance, insurance and other insurance-based forms of risk transfer. It operates through the following segments: Property and Casualty Reinsurance, Life and Health Reinsurance, Corporate Solutions, Life Capital, and Group Items. The Property and Casualty segment comprises of the business lines property, casualty including motor, and specialty. The Life and Health segment includes property and casualty; and life and health sub-segments. The Corporate Solutions segment offers innovative insurance capacity to mid-sized and large multinational corporations across the globe. The Life Capital segment encompasses the closed and open life and health insurance books, as well as the ReAssure business and the primary life and health insurance business comprising elipsLife and iptiQ. The Group Items segment represents the administrative expenses of the corporate center functions that are not recharged to the operating segments. The company was founded on December 19, 1863 and is headquartered in Zurich, Switzerland.

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 AG (SSREY) Q3 2024 Earnings Call Transcript

The reinsurer said resilient underwriting and contributions from all its business lines were offset by a $2.4 billion increase in the liability reserves of its property and casualty U.S. business.

Swiss Re Net Profit Falls On U.S. Liability Reserve Increase

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: More Volatile Than Munich, But Cheap And A "Buy" Here

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.

Buy Swiss Re To Mitigate Market Risk

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.

Swiss Re: Fair Valuation For This 5.4% Yielder

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 AG (SSREY) Q2 2024 Earnings Call Transcript

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 reports 44% rise in net profit, in line with expectations

Shares of European insurers fell sharply on Tuesday as Beryl became the earliest ever Category 5 storm to emerge in the Atlantic, raising fears of a long and damaging hurricane season.

Hurricane Beryl batters Europe's insurance stocks

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 (SSREY) Upgraded to Strong Buy: Here's What You Should Know

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.

Swiss Re: Encouraging Net Income And Price Growth

Swiss Re AG (OTCPK:SSREY) Q1 2024 Earnings Conference Call May 16, 2024 2:30 AM ET Company Participants Elena Logutenkova - Head of Media Relations and Corporate Reporting Christian Mumenthaler - Chief Executive Officer John Dacey - Chief Financial Officer Conference Call Participants Joshua Geer - InsuranceERM Nathalie Olof-Ors - Agence France Presse Ben Dyson - S&P Global Market Intelligence Tom Sims - Reuters Operator Ladies and gentlemen welcome to the First Quarter 2024 Key Financial Data Conference Call. I am Sandra, the Chorus Call operator.

Swiss Re AG (SSREY) Q1 2024 Earnings Call Transcript

Swiss Re has appointed Andreas Berger as Group Chief Executive, effective from the start of July.

Swiss Re Appoints New CEO

Swiss Re offers a high dividend yield that is sustainable over the long term. The company's recent financial performance has shown strong earnings growth and improved underwriting performance. Swiss Re's shares are currently undervalued, making it a compelling income play in the reinsurance sector.

Swiss Re: Recent Earnings Support Its High Dividend Yield

Swiss Re AG (SSREY) Full Year 2023 Earnings Call Transcript

Swiss Re CEO Christian Mumenthaler warned that the price of the climate crisis would soon be at the door of consumers for the first time.

Insurance giant Swiss Re posts 580% jump in full-year profit, warns consumers about climate costs

Swiss Re reported net profit in 2023 of $3.2 billion, with an improved performance in its property-and-casualty reinsurance segment helping drive the sharp earnings advance.

Swiss Re Profit Surges, Tops Guidance

Swiss Re has seen a 23.74% increase in stock price this year. Net premiums earned, and net income have both shown growth in the third quarter. The drop in the combined ratio indicates that premium growth is outpacing costs and expenses.

Swiss Re: Continued Growth In Premiums And Return On Equity

Earthquakes in Turkey and Syria, wildfires in Hawaii and other natural catastrophes have caused an estimated $100 billion in insured losses so far in 2023, down from the previous year but still well above normal, Swiss Re estimated on Thursday.

Disasters caused $100 bln in insured losses in 2023, Swiss Re says

HARTFORD, Conn.--(BUSINESS WIRE)--Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, recently announced that Swiss Re Corporate Solutions was named "Digital Experience Champion" at Excellence in Insurance. The Excellence in Insurance awards ceremony took place in San Diego. It recognized the outstanding performances of P&C organizations in categories including exceptional policyholder service, digital transformation, and innovative excellence in.

Swiss Re Corporate Solutions Named "Digital Experience Champion" Award Recipient at Excellence in Insurance, Sponsored by Insurity

Swiss Re expects to increase its net income to more than $3.6 billion for 2024, the company said on Friday, as it announced new financial targets on its investors day.

Swiss Re targets higher 2024 net income of $3.6 bln

NEW YORK--(BUSINESS WIRE)--AIA, PAK Programs and Swiss Re are recipients of the first-ever Global Innovation Awards from IIS and ITL.

AIA, PAK Programs and Swiss Re Recognized for Excellence in Insurance Innovation

Swiss Re AG (OTCPK:SSREF) Q3 2023 Results Conference Call November 3, 2023 9:00 AM ET Company Participants John Dacey - Group Chief Financial Officer Thomas Bohun - Head of Investor Relations Conference Call Participants Andrew Ritchie - Autonomous Kamran Hossain - JPMorgan Freya Kong - Bank of America Will Hardcastle - UBS Derald Goh - RBC Tryfonas Spyrou - Berenberg James Shuck - Citi Vinit Malhotra - Mediobanca Guilhem Horvath - BNP Paribas Ivan Bokhmat - Barclays Operator Good morning or good afternoon. Welcome to the Swiss Re's Nine Month 2023 Results Conference Call.

Swiss Re AG (SSREF) Q3 2023Earnings Call Transcript

Swiss Re has continued to show strong premium growth for the Property & Casualty segment as well as a decline in the combined ratio. Performance across the Life & Health Reinsurance segment has also been very encouraging. I continue to take a bullish view on Swiss Re.

Swiss Re: Premium Growth And Combined Ratio Remains Impressive

Swiss Re reports improved financial performance in H1 2023, supporting the sustainability of its dividend. Earnings analysis shows improved operating performance, higher net premiums written, and increased investment income. Swiss Re expects to report a net income above $3 billion for the full year and maintain strong earnings growth in the coming years.

Swiss Re: 6.5% Yield And Cheap Valuation

A former Swiss Re underwriter has been awarded nearly 1.3 million pounds ($1.6 million) by a London employment tribunal for sexual discrimination and unfair dismissal.

News for Swiss Re AG Stock (SSREY)