Swiss Re Share: Renewed Growth Secured!

Swiss Re remains on course for growth

Swiss Re has published its figures for the first half of the year and is confirming its medium-term targets. The reinsurer increased its profit by around a quarter to USD 1.38 billion. At the same time, Swiss Re was able to grow in all business areas.

Profitability improved

In the first six months, Swiss Re generated a net profit of USD 1.38 billion. This corresponds to an increase of around a quarter compared to the previous year. The operating result also increased significantly by 22.6 percent to USD 1.56 billion.

Swiss Re was able to improve its profitability in all business areas. The combined ratio, which is an indicator of profitability in the insurance industry, improved from 98.5 percent to 96.3 percent.

All business areas with growth

Swiss Re was able to grow in all business areas in the first half of the year. The largest business unit, Property & Casualty Reinsurance, increased its gross premiums written by 10.2 percent to USD 8.4 billion. The Life & Health Reinsurance unit also grew, with gross premiums written increasing by 4.2 percent to USD 7.3 billion.

The Corporate Solutions unit, which offers insurance solutions for large companies, also recorded an increase in gross premiums written. These rose by 9.3 percent to USD 2.7 billion.

Outlook confirmed

Swiss Re is confirming its medium-term targets. The reinsurer expects to achieve a return on equity of 10 percent in the coming years. Swiss Re also wants to continue to grow profitably in all business areas.

In view of the good half-year figures, Swiss Re is confident of achieving its goals. The reinsurer is benefiting from the favorable market environment and its strong market position.

Conclusion

Swiss Re remains on course for growth. The reinsurer was able to increase its profit significantly in the first half of the year and grow in all business areas. Swiss Re is confirming its medium-term targets and is confident of achieving them.