Swiss Re publishes monetary outcomes for first 9 months

Swiss Re publishes monetary outcomes for first 9 months | Insurance coverage Enterprise America

Reinsurance large makes enormous turnaround

Swiss Re publishes financial results for first nine months

Insurance coverage Information


Swiss Re has made an enormous turnaround, bouncing again from a web loss within the first 9 months of 2022 to a web revenue in the identical interval this 12 months.

Supply of web revenue/(loss)

9M 2023


Property & casualty reinsurance

US$1.5 billion

US$(283 million)

Life & well being reinsurance

US$634 million

US$221 million

Company options

US$492 million

US$356 million

Consolidated group

US$2.5 billion

US$(285 million)


Of the overall web revenue within the first 9 months, US$1 billion got here from the third quarter.

“Swiss Re’s efficiency within the first 9 months of 2023 is the results of our continued concentrate on underwriting high quality,” group chief government Christian Mumenthaler stated. “This has enabled us to navigate a heightened danger setting that continues to be characterised by vital loss occasions for the insurance coverage trade.

“In mild of the nice efficiency 12 months thus far, we keep our targets for the total 12 months together with a bunch web revenue of greater than US$3 billion. We proceed to concentrate on our disciplined underwriting technique that gives a robust base for the long run.”

Swiss Re’s full-year 2023 outcomes might be introduced in February 2024, whereas the corporate’s a hundred and sixtieth annual basic assembly will happen in April.

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