View ValuationSwiss Re 향후 성장Future 기준 점검 1/6Swiss Re 의 수익은 연간 4.5% 감소할 것으로 예상되는 반면, 연간 수익은 4.9% 로 증가할 것으로 예상됩니다. EPS는 연간 2.4% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 16.7% 로 예상됩니다.핵심 정보-4.5%이익 성장률-2.42%EPS 성장률Insurance 이익 성장5.5%매출 성장률4.9%향후 자기자본이익률16.71%애널리스트 커버리지Good마지막 업데이트21 May 2026최근 향후 성장 업데이트분석 기사 • May 11Swiss Re AG Just Beat EPS By 28%: Here's What Analysts Think Will Happen NextSwiss Re AG ( VTX:SREN ) last week reported its latest first-quarter results, which makes it a good time for investors...분석 기사 • Nov 19Swiss Re AG Beat Analyst Estimates: See What The Consensus Is Forecasting For Next YearShareholders might have noticed that Swiss Re AG ( VTX:SREN ) filed its third-quarter result this time last week. The...분석 기사 • Aug 17Swiss Re AG Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsSWX:SREN 1 Year Share Price vs Fair Value Explore Swiss Re's Fair Values from the Community and select yours Last week...Major Estimate Revision • May 04Consensus revenue estimates increase by 10%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$46.0b to US$50.6b. EPS estimate unchanged at US$11.32. Net income forecast to grow 589% next year vs 17% growth forecast for Insurance industry in Switzerland. Consensus price target broadly unchanged at CHF93.35. Share price was steady at CHF87.92 over the past week.Major Estimate Revision • Oct 30Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$3.37 to US$1.71 per share. Revenue forecast steady at US$44.0b. Net income forecast to grow 239% next year vs 6.5% growth forecast for Insurance industry in Switzerland. Consensus price target broadly unchanged at CHF83.23. Share price was steady at CHF75.42 over the past week.공시 • Oct 18Swiss Re AG Provides Earnings Guidance for the Third Quarter of 2022Swiss Re AG provided earnings guidance for the third quarter of 2022. The company estimates its preliminary claims from Hurricane Ian at approximately USD 1.3 billion, resulting in an expected Group net loss of approximately USD 0.5 billion for the third quarter of 2022. While the 2022 target of 10% Group ROE is unlikely to be reached given the impact from natural catastrophes, the Ukraine war and financial market volatility, the Group remains confident in the mid-term outlook and committed to its 2024 profitability goals.모든 업데이트 보기Recent updates내러티브 업데이트 • May 17SREN: Buybacks And Earnings Quality Are Expected To Drive Re Rating PotentialAnalysts have trimmed Swiss Re price targets, with cuts such as CHF 8 and CHF 5.64 featuring in recent research, and the updated CHF 146.65 fair value reflects small tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E multiples. Analyst Commentary Recent research on Swiss Re shows a cluster of price target trims, but the range of views is not one sided.분석 기사 • May 11Swiss Re AG Just Beat EPS By 28%: Here's What Analysts Think Will Happen NextSwiss Re AG ( VTX:SREN ) last week reported its latest first-quarter results, which makes it a good time for investors...Reported Earnings • May 11First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: US$5.11 (up from US$4.31 in 1Q 2025). Revenue: US$10.3b (down 2.0% from 1Q 2025). Net income: US$1.51b (up 19% from 1Q 2025). Profit margin: 15% (up from 12% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) exceeded analyst estimates by 28%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.속보 • May 07Swiss Re Profit Rises to US$1.5b as Underwriting Outperforms and Capital Remains StrongSwiss Re reported Q1 2026 profit of US$1.5b, which the company said was 19% higher than the prior-year quarter. Management linked the profit performance to strong underwriting results and relatively low catastrophe losses across core units. The group kept capitalisation above its solvency target while accepting lower premium volumes and new business margins to keep portfolio quality in focus. For you as an investor, the key takeaway is that Swiss Re is leaning on underwriting discipline and investment income rather than chasing volume. The reference to improved combined ratios in Property & Casualty Reinsurance and Corporate Solutions suggests tighter cost and claims control in areas that can be volatile, especially when catastrophe losses are higher. The choice to accept lower premium volumes and thinner new business margins to preserve portfolio quality points to a cautious stance on risk. Capital remaining above the solvency target signals that the company is keeping a buffer against potential shocks. When you assess Swiss Re, it can be useful to watch how this balance between growth, risk selection and capital strength evolves in future quarters, particularly if pricing or geopolitical conditions change.내러티브 업데이트 • May 01SREN: Fairly Valued Shares Will Balance Buybacks Dividend And Modest Multiple ResetAnalysts have slightly reduced the Swiss Re price target from CHF 118 to CHF 145, reflecting updated assumptions around a fair value of CHF 128.79, modestly revised revenue growth forecasts, and a higher profit margin outlook combined with a slightly lower future P/E of 12.16. Analyst Commentary Recent research on Swiss Re has involved modest downward adjustments to price targets, paired with differing views on how much upside remains at current levels.내러티브 업데이트 • Apr 17SREN: Buybacks And Earnings Guidance Will Drive Future Re Rating PotentialAnalysts have trimmed the Swiss Re price target by CHF 2 to reflect slightly adjusted fair value assumptions after recent target cuts to CHF 118 and CHF 145, as well as a downgrade from another firm. Analyst Commentary Recent research on Swiss Re has tilted more cautious on headline price targets, but there are still constructive signals you can pull out of the updates.Upcoming Dividend • Apr 07Upcoming dividend of US$8.00 per shareEligible shareholders must have bought the stock before 14 April 2026. Payment date: 16 April 2026. Payout ratio is a comfortable 51% and the cash payout ratio is 77%. Trailing yield: 4.8%. Within top quartile of Swiss dividend payers (3.6%). Higher than average of industry peers (4.3%).내러티브 업데이트 • Apr 02SREN: Buybacks And Earnings Guidance Will Support Future Re Rating PotentialNarrative update overview The analyst price target for Swiss Re has been revised lower by CHF 10 to CHF 145. Analysts cite updated assumptions around revenue growth, profit margins and valuation multiples as reflected in recent Street research.내러티브 업데이트 • Mar 19SREN: Shares Will Balance Dividend Upside With Cautious Earnings Multiple ResetAnalysts have trimmed the blended Swiss Re price target, citing lower revenue growth expectations, a higher profit margin assumption, and a slightly lower future P/E. Newer Street targets have moved to CHF 118 and CHF 145, compared with earlier levels of CHF 120, CHF 130, and CHF 155.공시 • Mar 07Swiss Re AG, Annual General Meeting, Apr 10, 2026Swiss Re AG, Annual General Meeting, Apr 10, 2026.내러티브 업데이트 • Mar 05SREN: Buybacks And Income Guidance Will Support Future Re Rating PotentialAnalysts have trimmed their Swiss Re price targets, with one key target moving to CHF 120 from CHF 130, reflecting slightly higher discount rate assumptions and modest changes to growth and margin forecasts. Analyst Commentary Recent Street research on Swiss Re is mixed, with one large U.S. bank lowering its view and another major broker trimming its price target while maintaining a cautious stance.Reported Earnings • Mar 03Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$15.67 (up from US$10.88 in FY 2024). Revenue: US$42.8b (down 3.6% from FY 2024). Net income: US$4.62b (up 45% from FY 2024). Profit margin: 11% (up from 7.2% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 2.8%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Declared Dividend • Mar 02Dividend of US$8.00 announcedShareholders will receive a dividend of US$8.00. Ex-date: 14th April 2026 Payment date: 16th April 2026 Dividend yield will be 5.9%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 8.3% over the next 3 years. However, it would need to fall by 35% to increase the payout ratio to a potentially unsustainable range.공시 • Feb 27Swiss Re AG (SWX:SREN) announces an Equity Buyback for $1,500 million worth of its shares.Swiss Re AG (SWX:SREN) announces a share repurchase program. Under the program, the company will repurchase up to $1,500 million worth of its shares. The program is subject to legal and regulatory approvals. The program will be valid till December 31, 2026.공시 • Feb 21Swiss Re Appoints Anne Lohbeck as Chief Risk Officer for PC Re, Effective May 1, 2026Swiss Re has appointed Anne Lohbeck as chief risk officer for PC Re. The appointment is effective May 1, 2026. Lohbeck will become part of the Risk Management Executive Team and the PC Re Executive Committee. She will oversee all risk management matters across PC Re. Lohbeck joined Sews Re in 2010, and has operated in several roles for the company.내러티브 업데이트 • Feb 18SREN: Shares Will Balance Cautious Cycle With AI Partnership And Earnings TargetsAnalysts have reduced their Swiss Re price targets, with one firm lowering its target from CHF 130 to CHF 120. The change reflects updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E.내러티브 업데이트 • Feb 04SREN: Shares Will Reflect Cautious Cycle, Tighter Peer Premium And AI UpsideAnalysts have trimmed their fair value estimate for Swiss Re from CHF 133.89 to CHF 127.37, reflecting lower assumed revenue growth, a reduced future P/E multiple of 13.40, and a slightly higher profit margin outlook. Together, these factors support a more cautious price target stance following recent research updates and the latest downgrade headlines.공시 • Jan 29+ 4 more updatesSwiss Re AG to Report Fiscal Year 2026 Results on Feb 26, 2027Swiss Re AG announced that they will report fiscal year 2026 results on Feb 26, 2027내러티브 업데이트 • Jan 21SREN: AI Partnership And Income Guidance Will Support Re Rating PotentialAnalysts have trimmed their fair value estimate for Swiss Re to CHF 156.55 from CHF 170.42. This reflects updated assumptions for lower revenue growth and profit margins, alongside a higher future P/E and discount rate.공시 • Jan 14Swiss Re AG Appoints Christophe Heck as Market Head Life Health for France, BeNeLux, and SwitzerlandSwiss Re AG has promoted Christophe Heck to market head Life Health (LH) for France, BeNeLux and Switzerland. Heck will be based in Zurich and will lead Swiss Re's LH reinsurance team. He has more than a decade of industry experience.내러티브 업데이트 • Jan 06SREN: Re Rating Toward Peers Will Face Pressure From Earnings DeliveryAnalysts have raised their price target for Swiss Re to CHF 125 from CHF 116.56, reflecting updated assumptions that include a higher discount rate, revised revenue growth and profit margin inputs, and a new future P/E multiple. Analyst Commentary The recent price target reset to CHF 125 comes alongside more cautious commentary from bearish analysts who question how Swiss Re is currently valued versus some of its closest European peers.내러티브 업데이트 • Dec 20SREN: Shares Will Track Softer Reinsurance Cycle And Narrowing Peer PremiumAnalysts have trimmed their price target on Swiss Re by about CHF 9 to reflect slightly lower long term revenue growth, a modestly reduced profit margin outlook, and a lower assumed future P E multiple, as the reinsurance market is expected to soften into 2026. Analyst Commentary Recent Street research on Swiss Re reflects a more balanced and selective stance, with enthusiasm around the group s execution giving way to greater scrutiny of valuation and cycle risk.내러티브 업데이트 • Dec 06SREN: Shares Will Likely Track Softer Reinsurance Cycle And Peer Discount DynamicsAnalysts have trimmed their price target for Swiss Re to CHF 142.85 from CHF 143.79, reflecting slightly higher revenue growth assumptions, offset by a marginally lower profit margin and modestly reduced future valuation multiples amid a softening reinsurance market and concerns that the stock should trade at a discount to certain European peers. Analyst Commentary Recent research updates highlight a shift in sentiment around Swiss Re, with valuation concerns and expectations for a softer reinsurance market driving more cautious stances.내러티브 업데이트 • Nov 22SREN: Shares Will Likely Remain Sensitive To Reinsurance Market UncertaintySwiss Re's analyst price target has been reduced by analysts from CHF 144.93 to CHF 143.79, reflecting cautious sentiment. Recent downgrades highlight concerns over valuation and expectations for a softening reinsurance market.분석 기사 • Nov 19Swiss Re AG Beat Analyst Estimates: See What The Consensus Is Forecasting For Next YearShareholders might have noticed that Swiss Re AG ( VTX:SREN ) filed its third-quarter result this time last week. The...New Risk • Nov 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Nov 17Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: US$10.9b (down 2.0% from 3Q 2024). Net income: US$1.43b (up US$1.33b from 3Q 2024). Profit margin: 13% (up from 0.9% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Insurance industry in Switzerland.내러티브 업데이트 • Nov 05SREN: Shares Will Face Ongoing Pressure If Sector Pricing Weakens FurtherAnalysts have modestly increased their fair value estimate for Swiss Re, raising the price target from CHF 142.39 to CHF 144.93. This change reflects ongoing adjustments to relative valuation and expectations for profit margins, even with a less favorable market backdrop.내러티브 업데이트 • Oct 22Analysts Reconsider Swiss Re as Price Target Falls Amid Market Concerns and Valuation ShiftAnalysts have adjusted Swiss Re's price target downward from CHF 143 to CHF 125, citing concerns over relative valuation and expectations of a softening reinsurance market. Analyst Commentary Recent analyst research on Swiss Re highlights a shift in sentiment, with both optimistic and cautious perspectives emerging following the updated price target and outlook.내러티브 업데이트 • Oct 08Expanding Natural Catastrophe Risks And Urbanization Will Reshape Reinsurance ProspectsAnalysts have reduced their fair value estimate for Swiss Re slightly, from CHF 140.27 to CHF 141.76. They cite a softer reinsurance market outlook and valuation pressures as key factors behind the change.분석 기사 • Sep 13Should You Be Adding Swiss Re (VTX:SREN) To Your Watchlist Today?The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...내러티브 업데이트 • Sep 12Expanding Natural Catastrophe Risks And Urbanization Will Reshape Reinsurance ProspectsSwiss Re’s fair value estimate was marginally lowered as analysts weighed improved revenue growth forecasts against a significantly lower future P/E multiple, resulting in a slight reduction of the consensus price target to CHF140.27. What's in the News California Governor Gavin Newsom is proposing legislation to inject $18B into the state's wildfire fund, nearly doubling its resources, following major wildfires in Los Angeles County earlier this year (Bloomberg, 2025-07-30).분석 기사 • Aug 17Swiss Re AG Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsSWX:SREN 1 Year Share Price vs Fair Value Explore Swiss Re's Fair Values from the Community and select yours Last week...Reported Earnings • Aug 14Second quarter 2025 earnings: Revenues miss analyst expectationsSecond quarter 2025 results: Revenue: US$10.6b (down 2.2% from 2Q 2024). Net income: US$1.33b (up 42% from 2Q 2024). Profit margin: 13% (up from 8.6% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.0%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Insurance industry in Switzerland.공시 • Jul 03Allianz Direct Versicherungs-AG completed the acquisition of iptiQ EMEA P&C S.A. from Swiss Re AG (SWX:SREN).Allianz Direct Versicherungs-AG agreed to acquire iptiQ EMEA P&C S.A. from Swiss Re AG (SWX:SREN) on November 5, 2024. Transaction is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close in Q2/Q3 2025. Sandro Fehlmann, Thomas Reutter of Advestra AG acted as legal advisors to Swiss Re AG (SWX:SREN) in the transaction. Thomas Broichhausen, René Döring, Michael Leicht, Frederik Winter and Eliane Dejardin Botelho of Linklaters Oppenhoff & Rädler advised Allianz Direct Versicherungs-AG on the deal. Allianz Direct Versicherungs-AG completed the acquisition of iptiQ EMEA P&C S.A. from Swiss Re AG (SWX:SREN) on July 1, 2025.분석 기사 • Jun 25Swiss Re AG (VTX:SREN) Screens Well But There Might Be A CatchWith a price-to-earnings (or "P/E") ratio of 14.8x Swiss Re AG ( VTX:SREN ) may be sending bullish signals at the...Reported Earnings • May 19First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: US$4.31 (up from US$3.76 in 1Q 2024). Revenue: US$10.5b (down 5.6% from 1Q 2024). Net income: US$1.27b (up 16% from 1Q 2024). Profit margin: 12% (up from 9.8% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 37%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Insurance industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.공시 • Apr 14+ 1 more updateSwiss Re Elects Morten Hübbe and George Quinn as Board MembersSwiss Re AG at its Annual General Meeting approved to elect Morten Hübbe and George Quinn as new Board members, for a one-year term of office.Upcoming Dividend • Apr 08Upcoming dividend of US$7.35 per shareEligible shareholders must have bought the stock before 15 April 2025. Payment date: 17 April 2025. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Swiss dividend payers (4.4%). In line with average of industry peers (4.8%).공시 • Mar 10+ 4 more updatesSwiss Re AG to Report First Half, 2026 Results on Aug 06, 2026Swiss Re AG announced that they will report first half, 2026 results on Aug 06, 2026Declared Dividend • Mar 02Dividend of CHF7.35 announcedShareholders will receive a dividend of CHF7.35. Ex-date: 15th April 2025 Payment date: 17th April 2025 Dividend yield will be 5.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 28Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: US$11.02. Revenue: US$44.7b (down 10% from FY 2023). Net income: US$3.24b (flat on FY 2023). Profit margin: 7.2% (up from 6.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Insurance industry in Switzerland.공시 • Feb 28Swiss Re AG announces Annual dividend, payable on April 17, 2025Swiss Re AG announced Annual dividend of CHF 7.3500 per share payable on April 17, 2025, ex-date on April 15, 2025 and record date on April 16, 2025.공시 • Feb 27Swiss Re AG Announces Executive ChangesSwiss Re announced that Kera McDonald, currently Chief Underwriting Officer of Swiss Re Corporate Solutions, is appointed Group Chief Underwriting Officer as of 1 June 2025, subject to regulatory approval. Separately, after a combined 25-years' tenure at Swiss Re, Group Chief Risk Officer Patrick Raaflaub has decided to retire by the end of September 2025. The succession process is currently in progress, and a successor will be announced in due course. Kera McDonald has more than 30 years of professional experience and has been with Swiss Re since 2006 in various specialist and leadership roles. She has been a member of the Corporate Solutions Executive Committee since July 2019 and the Chief Underwriting Officer for this Business Unit since 2022. She holds a Bachelor's degree in Mathematics and Economics from Cornell University and an MBA in International Business from the University of Washington. In her new role as Group Chief Underwriting Officer, Kera McDonald will be responsible for driving underwriting excellence across all Business Units, steering the Group capacity allocation, defining mid-term underwriting ambitions and approving very large or complex transactions. Patrick Raaflaub first joined Swiss Re in 1994 and held a number of leadership roles in Finance and Capital Management. In 2008 he left the company to become Chief Executive Officer of the Swiss Financial Market Supervisory Authority FINMA before returning to Swiss Re in 2014 as Group Chief Risk Officer and member of the Group Executive Committee.새로운 내러티브 • Feb 15Strengthened US Liability Reserves Will Reduce Risk And Support Future Earnings Strengthening U.S. liability reserves and disciplined underwriting in P&C support enhanced stability and sustainable revenue growth. 공시 • Jan 15Swiss Re AG Announces Board and Committee changesSwiss Re AG announced that Philip Ryan, member of the Swiss Re Board of Directors since 2015, and Sir Paul Tucker, member since 2016, will not stand for re-election at the upcoming AGM. Both are members of the Risk Committee. In addition, Mr. Ryan is also a member of the Audit Committee.공시 • Jan 09SBLI Partners with Swiss Re to Enhance Underwriting Innovation with EaseSBLI announced it has partnered with Swiss Re to empower its life underwriters with Swiss Re's Underwriting Ease solution, a digital tool that summarizes key aspects of risks to underwriters, accelerating decisioning beyond automation. Underwriting Ease seamlessly integrates into existing underwriting workflows and connects with Life Guide. Designed by underwriters for underwriters, it facilitates end-to-end digitization while preserving core underwriting principles.Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: US$0.35 (vs US$3.52 in 3Q 2023)Third quarter 2024 results: EPS: US$0.35 (down from US$3.52 in 3Q 2023). Revenue: US$11.2b (down 15% from 3Q 2023). Net income: US$102.0m (down 90% from 3Q 2023). Profit margin: 0.9% (down from 7.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, while revenues in the Insurance industry in Switzerland are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.공시 • Nov 06Allianz Direct Versicherungs-AG agreed to acquire iptiQ EMEA P&C S.A. from Swiss Re AG (SWX:SREN).Allianz Direct Versicherungs-AG agreed to acquire iptiQ EMEA P&C S.A. from Swiss Re AG (SWX:SREN) on November 5, 2024. Transaction is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close in Q2/Q3 2025.Reported Earnings • Aug 25Second quarter 2024 earnings released: EPS: US$3.23 (vs US$2.78 in 2Q 2023)Second quarter 2024 results: EPS: US$3.23 (up from US$2.78 in 2Q 2023). Revenue: US$10.8b (down 11% from 2Q 2023). Net income: US$996.0m (up 24% from 2Q 2023). Profit margin: 9.2% (up from 6.6% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, while revenues in the Insurance industry in Switzerland are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.공시 • Jun 05Appian and Swiss Re Extends Partnership to Introduce Connected Underwriting for Life Insurance in Asia Pacific and EMEAFollowing the launch of Connected Underwriting Life Workbench in North America last year, Appian announced that in partnership with Swiss Re, the solution will now be available in select countries in Asia Pacific, Europe, Middle East and Africa. Integrated with Swiss Re's automated life insurance underwriting solution, Magnum, the Appian Connected Underwriting Life Workbench accelerates the life insurance underwriting process and improves underwriters' productivity and experience on one system. Traditional underwriting workbenches have lacked integration across various internal, partner, and third-party systems, on-premises or in the cloud. A typical life insurance underwriter would have to log in to multiple systems to access information, conduct risk analysis and assessment with complex calculations, and manage and update case information, all to underwrite just one life insurance policy. Modern underwriters want one login and one system to orchestrate their entire workload for multiple cases and clients, allowing them to manage activities, tasks, transactions, and updates seamlessly and effortlessly. They need a powerful, reliable, and secure workbench to connect their data, unify their workflows, and seamlessly automate processes. Key benefits of the Appian Connected Underwriting Life Workbench include its ability to: Enable intelligent case and workload management: Automate workload assignment to provide underwriters with comprehensive case data from multiple systems, enabling them to make more informed decisions more efficiently. Automate underwriting processes and increase straight-through processing: Expedite policy issuance with intelligent automation, embedded underwriting and risk management rules, and integrated third-party data sources on a single system. Elevate customers and underwriters experience: Issue policies faster by automating underwriting workflows, minimising unnecessary wait time, reducing manual errors, and simplifying communications to increase client satisfaction, attract digital–first customers and new talent, and retain employees. Minimise risk and improve profitability: Connect data from any source to provide 360-degree analysis of individual and portfolio policies with different risks profiles and tolerance levels, determine policy effectiveness with AI-assistance to improve business performance, and meet service-level agreements (SLAs) with insurance partners and clients to manage costs and increase profits.공시 • May 29+ 2 more updatesSwiss Re AG to Report Nine Months, 2025 Results on Nov 06, 2025Swiss Re AG announced that they will report nine months, 2025 results on Nov 06, 2025Reported Earnings • May 17First quarter 2024 earnings released: EPS: US$3.76 (vs US$2.23 in 1Q 2023)First quarter 2024 results: EPS: US$3.76 (up from US$2.23 in 1Q 2023). Revenue: US$11.1b (down 7.2% from 1Q 2023). Net income: US$1.09b (up 70% from 1Q 2023). Profit margin: 9.8% (up from 5.4% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, while revenues in the Insurance industry in Switzerland are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공시 • May 17Swiss Re AG to Report Fiscal Year 2024 Final Results on Mar 13, 2025Swiss Re AG announced that they will report fiscal year 2024 final results on Mar 13, 2025Upcoming Dividend • Apr 09Upcoming dividend of US$6.80 per shareEligible shareholders must have bought the stock before 16 April 2024. Payment date: 18 April 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Swiss dividend payers (4.0%). In line with average of industry peers (5.4%).공시 • Apr 03+ 1 more updateSwiss Re AG Announces CEO ChangesSwiss Re AG announced the appointment of Andreas Berger as group chief executive officer, starting from July 1. He succeeds Christian Mumenthaler, who will step down from the role after eight years as Group chief executive and 25 years with Swiss Re. Mumenthaler joined Swiss Re in 1999. During Mumenthaler's eight-year tenure as chief executive, Swiss Re's premiums earned and fee income grew from around $30 billion in 2015 to $45 billion in 2023. Berger, aged 57, joined Swiss Re in March 2019 as chief executive corporate solutions and member of the group executive committee. Before that, he held leadership positions at Boston Consulting Group, Gerling, and Allianz.공시 • Mar 22Swiss Re AG Announces Executive ChangesSwiss Re AG has appointed a head for its Indian unit. Swiss Re has appointed Amitabha Ray as the incoming CEO for its India Branch. They are to take over from 1 April. Ray is to be based in Mumbai and has more than 27 years of experience in insurance. Ray succeeds Hadi Riachi, who is to become head, global underwriting centre for Swiss Re Corporate Solutions.Declared Dividend • Feb 21Dividend of US$6.80 announcedShareholders will receive a dividend of US$6.80. Ex-date: 16th April 2024 Payment date: 18th April 2024 Dividend yield will be 6.6%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 18Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$11.09 (up from US$1.63 in FY 2022). Revenue: US$49.5b (up 7.5% from FY 2022). Net income: US$3.21b (up US$2.74b from FY 2022). Profit margin: 6.5% (up from 1.0% in FY 2022). The increase in margin was driven by higher revenue. Combined ratio: 94.8% (down from 100.5% in FY 2022). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 2.1%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Insurance industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.공시 • Feb 13+ 1 more updateSwiss Re AG, Annual General Meeting, Apr 11, 2025Swiss Re AG, Annual General Meeting, Apr 11, 2025.공시 • Dec 14Swiss Re AG (SWX:SREN) acquired SSBN Limited.Swiss Re AG (SWX:SREN) acquired SSBN Limited on December 14, 2023. As part of this transaction, Fathom will retain its own brand and continue its well-established research activities. Swiss Re AG (SWX:SREN) completed the acquisition of SSBN Limited on December 14, 2023.Reported Earnings • Nov 07Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: US$3.52 (up from US$1.53 loss in 3Q 2022). Revenue: US$13.1b (up 9.7% from 3Q 2022). Net income: US$1.02b (up US$1.46b from 3Q 2022). Profit margin: 7.8% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Insurance industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 06Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: US$2.78 (up from US$1.40 in 2Q 2022). Revenue: US$12.1b (up 7.5% from 2Q 2022). Net income: US$804.0m (up 99% from 2Q 2022). Profit margin: 6.7% (up from 3.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Insurance industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공시 • Jul 08Swiss Re AG Announces Appointment of Ali Shahkarami as Global Head of PC SolutionsSwiss Re AG announced the appointment of Ali Shahkarami as global head of PC Solutions. Shahkarami is to be based out of Munich. In the position, Shahkarami is to lead a global team of insurance and data experts. He joins Swiss Re from Allianz Global Corporate Specialty.Reported Earnings • May 07First quarter 2023 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2023 results: EPS: US$2.23 (up from US$0.86 loss in 1Q 2022). Revenue: US$12.1b (up 9.6% from 1Q 2022). Net income: US$643.0m (up US$891.0m from 1Q 2022). Profit margin: 5.3% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Insurance industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • May 04Consensus revenue estimates increase by 10%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$46.0b to US$50.6b. EPS estimate unchanged at US$11.32. Net income forecast to grow 589% next year vs 17% growth forecast for Insurance industry in Switzerland. Consensus price target broadly unchanged at CHF93.35. Share price was steady at CHF87.92 over the past week.Upcoming Dividend • Apr 08Upcoming dividend of US$6.40 per share at 6.1% yieldEligible shareholders must have bought the stock before 14 April 2023. Payment date: 18 April 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.1%. Within top quartile of Swiss dividend payers (4.2%). Higher than average of industry peers (5.3%).Reported Earnings • Feb 20Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: US$1.63 (down from US$4.97 in FY 2021). Revenue: US$46.0b (down 1.6% from FY 2021). Net income: US$472.0m (down 67% from FY 2021). Profit margin: 1.0% (down from 3.1% in FY 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 6.6%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Insurance industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공시 • Feb 17+ 1 more updateSwiss Re AG to Report Nine Months, 2023 Results on Nov 03, 2023Swiss Re AG announced that they will report nine months, 2023 results on Nov 03, 2023공시 • Jan 18Swiss Re Ltd. Announces Executive Changes, Effective on April 1, 2023Swiss Re Ltd. announced the appointment of Velina Peneva as Group Chief Investment Officer and member of the Group Executive Committee, effective April 1, 2023. She will succeed Guido Furer following his retirement after 25 years at Swiss Re. Peneva is currently Co-Head Client Solutions & Analytics in Swiss Re's Asset Management. Previously, she headed Swiss Re's private equity investment mandate. Before joining Swiss Re in 2017, Peneva worked for Bain & Company in the US, Australia and Switzerland.Major Estimate Revision • Oct 30Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$3.37 to US$1.71 per share. Revenue forecast steady at US$44.0b. Net income forecast to grow 239% next year vs 6.5% growth forecast for Insurance industry in Switzerland. Consensus price target broadly unchanged at CHF83.23. Share price was steady at CHF75.42 over the past week.공시 • Oct 29Swiss Re AG to Report Q1, 2023 Results on May 04, 2023Swiss Re AG announced that they will report Q1, 2023 results on May 04, 2023공시 • Oct 18Swiss Re AG Provides Earnings Guidance for the Third Quarter of 2022Swiss Re AG provided earnings guidance for the third quarter of 2022. The company estimates its preliminary claims from Hurricane Ian at approximately USD 1.3 billion, resulting in an expected Group net loss of approximately USD 0.5 billion for the third quarter of 2022. While the 2022 target of 10% Group ROE is unlikely to be reached given the impact from natural catastrophes, the Ukraine war and financial market volatility, the Group remains confident in the mid-term outlook and committed to its 2024 profitability goals.Major Estimate Revision • Oct 12Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$5.44 to US$4.47 per share. Revenue forecast steady at US$43.8b. Net income forecast to grow 299% next year vs 6.5% growth forecast for Insurance industry in Switzerland. Consensus price target down from CHF88.92 to CHF86.90. Share price fell 6.0% to CHF69.90 over the past week.Major Estimate Revision • Oct 10Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$5.44 to US$4.87 per share. Revenue forecast steady at US$43.7b. Net income forecast to grow 324% next year vs 6.5% growth forecast for Insurance industry in Switzerland. Consensus price target down from CHF89.23 to CHF86.94. Share price fell 3.8% to CHF70.40 over the past week.공시 • Sep 07Swiss Re AG to Report Fiscal Year 2022 Final Results on Mar 16, 2023Swiss Re AG announced that they will report fiscal year 2022 final results on Mar 16, 2023공시 • Aug 26Swiss Re Corporate Solutions Appoints Andrea Douglass as Senior Vice PresidentSwiss Re Corporate Solutions appointed Andrea Douglass as senior vice president for customer management in Canada. Douglass is to attend to the role on August 29 and is to be based in Toronto. She is to take over from Sarah Kestle who is retiring from the firm next month.Reported Earnings • Aug 03Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: US$1.40 (down from US$2.47 in 2Q 2021). Revenue: US$11.2b (down 2.2% from 2Q 2021). Net income: US$405.0m (down 43% from 2Q 2021). Profit margin: 3.6% (down from 6.2% in 2Q 2021). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 93%. Over the next year, revenue is expected to shrink by 2.7% compared to a 14% decline forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Major Estimate Revision • Jul 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$6.53 to US$5.86. Revenue forecast unchanged from US$43.5b at last update. Net income forecast to grow 142% next year vs 5.6% growth forecast for Insurance industry in Switzerland. Consensus price target down from CHF90.66 to CHF88.38. Share price was steady at CHF72.96 over the past week.이익 및 매출 성장 예측SWX:SREN - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202845,6814,464N/AN/A912/31/202743,9414,486N/AN/A1012/31/202643,0214,620N/AN/A103/31/202642,3924,855N/AN/AN/A12/31/202542,6004,6163,0693,069N/A9/30/202543,3814,889N/AN/AN/A6/30/202543,8683,7163,6223,622N/A3/31/202543,8363,354N/AN/AN/A12/31/202444,4533,1793,1303,130N/A9/30/202445,8482,938N/AN/AN/A6/30/202442,4673,3704,0744,074N/A3/31/202448,9573,663N/AN/AN/A12/31/202341,3393,0434,2144,214N/A9/30/202348,9563,223N/AN/AN/A6/30/202344,3072,0142,4092,409N/A3/31/202346,9721,363N/AN/AN/A12/31/202246,0044722,9272,927N/A9/30/202245,909-106N/AN/AN/A6/30/202246,1495484,1264,126N/A3/31/202246,406856N/AN/AN/A12/31/202146,7411,4374,1044,104N/A9/30/202147,1261,387N/AN/AN/A6/30/202147,1911,3033,5983,598N/A3/31/202145,18723N/AN/AN/A12/31/202043,345-8785,3945,394N/A9/30/202043,640-1,1194,8354,835N/A6/30/202043,935-1,3614,2764,276N/A3/31/202046,631-3174,3374,337N/A12/31/201949,327727N/A4,397N/A9/30/201945,868548N/A4,413N/A6/30/201942,408368N/A4,428N/A3/31/201939,735395N/A3,000N/A12/31/201837,062421N/A1,572N/A9/30/201839,191274N/A1,064N/A6/30/201841,319126N/A556N/A3/31/201841,908229N/A930N/A12/31/201742,496331N/A1,303N/A9/30/201741,6101,288N/A2,239N/A6/30/201742,7302,903N/A3,379N/A3/31/201743,9242,935N/A3,951N/A12/31/201643,8073,558N/A6,115N/A9/30/201643,2873,979N/A7,005N/A6/30/201638,9324,203N/A8,030N/A3/31/201635,2564,386N/A7,440N/A12/31/201535,7364,597N/A5,412N/A9/30/201535,3663,904N/A4,212N/A6/30/201537,1243,732N/A4,022N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: SREN 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -4.5%).수익 vs 시장: SREN 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -4.5%).고성장 수익: SREN 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: SREN 의 수익(연간 4.9%)이 Swiss 시장(연간 4.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: SREN 의 수익(연간 4.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: SREN의 자본 수익률은 3년 후 16.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YInsurance 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 14:40종가2026/05/21 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Swiss Re AG는 32명의 분석가가 다루고 있습니다. 이 중 11명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Markus MayerBaader Helvea Equity ResearchIvan BokhmatBarclaysMichael HuttnerBerenberg29명의 분석가 더 보기
분석 기사 • May 11Swiss Re AG Just Beat EPS By 28%: Here's What Analysts Think Will Happen NextSwiss Re AG ( VTX:SREN ) last week reported its latest first-quarter results, which makes it a good time for investors...
분석 기사 • Nov 19Swiss Re AG Beat Analyst Estimates: See What The Consensus Is Forecasting For Next YearShareholders might have noticed that Swiss Re AG ( VTX:SREN ) filed its third-quarter result this time last week. The...
분석 기사 • Aug 17Swiss Re AG Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsSWX:SREN 1 Year Share Price vs Fair Value Explore Swiss Re's Fair Values from the Community and select yours Last week...
Major Estimate Revision • May 04Consensus revenue estimates increase by 10%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$46.0b to US$50.6b. EPS estimate unchanged at US$11.32. Net income forecast to grow 589% next year vs 17% growth forecast for Insurance industry in Switzerland. Consensus price target broadly unchanged at CHF93.35. Share price was steady at CHF87.92 over the past week.
Major Estimate Revision • Oct 30Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$3.37 to US$1.71 per share. Revenue forecast steady at US$44.0b. Net income forecast to grow 239% next year vs 6.5% growth forecast for Insurance industry in Switzerland. Consensus price target broadly unchanged at CHF83.23. Share price was steady at CHF75.42 over the past week.
공시 • Oct 18Swiss Re AG Provides Earnings Guidance for the Third Quarter of 2022Swiss Re AG provided earnings guidance for the third quarter of 2022. The company estimates its preliminary claims from Hurricane Ian at approximately USD 1.3 billion, resulting in an expected Group net loss of approximately USD 0.5 billion for the third quarter of 2022. While the 2022 target of 10% Group ROE is unlikely to be reached given the impact from natural catastrophes, the Ukraine war and financial market volatility, the Group remains confident in the mid-term outlook and committed to its 2024 profitability goals.
내러티브 업데이트 • May 17SREN: Buybacks And Earnings Quality Are Expected To Drive Re Rating PotentialAnalysts have trimmed Swiss Re price targets, with cuts such as CHF 8 and CHF 5.64 featuring in recent research, and the updated CHF 146.65 fair value reflects small tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E multiples. Analyst Commentary Recent research on Swiss Re shows a cluster of price target trims, but the range of views is not one sided.
분석 기사 • May 11Swiss Re AG Just Beat EPS By 28%: Here's What Analysts Think Will Happen NextSwiss Re AG ( VTX:SREN ) last week reported its latest first-quarter results, which makes it a good time for investors...
Reported Earnings • May 11First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: US$5.11 (up from US$4.31 in 1Q 2025). Revenue: US$10.3b (down 2.0% from 1Q 2025). Net income: US$1.51b (up 19% from 1Q 2025). Profit margin: 15% (up from 12% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) exceeded analyst estimates by 28%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
속보 • May 07Swiss Re Profit Rises to US$1.5b as Underwriting Outperforms and Capital Remains StrongSwiss Re reported Q1 2026 profit of US$1.5b, which the company said was 19% higher than the prior-year quarter. Management linked the profit performance to strong underwriting results and relatively low catastrophe losses across core units. The group kept capitalisation above its solvency target while accepting lower premium volumes and new business margins to keep portfolio quality in focus. For you as an investor, the key takeaway is that Swiss Re is leaning on underwriting discipline and investment income rather than chasing volume. The reference to improved combined ratios in Property & Casualty Reinsurance and Corporate Solutions suggests tighter cost and claims control in areas that can be volatile, especially when catastrophe losses are higher. The choice to accept lower premium volumes and thinner new business margins to preserve portfolio quality points to a cautious stance on risk. Capital remaining above the solvency target signals that the company is keeping a buffer against potential shocks. When you assess Swiss Re, it can be useful to watch how this balance between growth, risk selection and capital strength evolves in future quarters, particularly if pricing or geopolitical conditions change.
내러티브 업데이트 • May 01SREN: Fairly Valued Shares Will Balance Buybacks Dividend And Modest Multiple ResetAnalysts have slightly reduced the Swiss Re price target from CHF 118 to CHF 145, reflecting updated assumptions around a fair value of CHF 128.79, modestly revised revenue growth forecasts, and a higher profit margin outlook combined with a slightly lower future P/E of 12.16. Analyst Commentary Recent research on Swiss Re has involved modest downward adjustments to price targets, paired with differing views on how much upside remains at current levels.
내러티브 업데이트 • Apr 17SREN: Buybacks And Earnings Guidance Will Drive Future Re Rating PotentialAnalysts have trimmed the Swiss Re price target by CHF 2 to reflect slightly adjusted fair value assumptions after recent target cuts to CHF 118 and CHF 145, as well as a downgrade from another firm. Analyst Commentary Recent research on Swiss Re has tilted more cautious on headline price targets, but there are still constructive signals you can pull out of the updates.
Upcoming Dividend • Apr 07Upcoming dividend of US$8.00 per shareEligible shareholders must have bought the stock before 14 April 2026. Payment date: 16 April 2026. Payout ratio is a comfortable 51% and the cash payout ratio is 77%. Trailing yield: 4.8%. Within top quartile of Swiss dividend payers (3.6%). Higher than average of industry peers (4.3%).
내러티브 업데이트 • Apr 02SREN: Buybacks And Earnings Guidance Will Support Future Re Rating PotentialNarrative update overview The analyst price target for Swiss Re has been revised lower by CHF 10 to CHF 145. Analysts cite updated assumptions around revenue growth, profit margins and valuation multiples as reflected in recent Street research.
내러티브 업데이트 • Mar 19SREN: Shares Will Balance Dividend Upside With Cautious Earnings Multiple ResetAnalysts have trimmed the blended Swiss Re price target, citing lower revenue growth expectations, a higher profit margin assumption, and a slightly lower future P/E. Newer Street targets have moved to CHF 118 and CHF 145, compared with earlier levels of CHF 120, CHF 130, and CHF 155.
공시 • Mar 07Swiss Re AG, Annual General Meeting, Apr 10, 2026Swiss Re AG, Annual General Meeting, Apr 10, 2026.
내러티브 업데이트 • Mar 05SREN: Buybacks And Income Guidance Will Support Future Re Rating PotentialAnalysts have trimmed their Swiss Re price targets, with one key target moving to CHF 120 from CHF 130, reflecting slightly higher discount rate assumptions and modest changes to growth and margin forecasts. Analyst Commentary Recent Street research on Swiss Re is mixed, with one large U.S. bank lowering its view and another major broker trimming its price target while maintaining a cautious stance.
Reported Earnings • Mar 03Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$15.67 (up from US$10.88 in FY 2024). Revenue: US$42.8b (down 3.6% from FY 2024). Net income: US$4.62b (up 45% from FY 2024). Profit margin: 11% (up from 7.2% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 2.8%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Mar 02Dividend of US$8.00 announcedShareholders will receive a dividend of US$8.00. Ex-date: 14th April 2026 Payment date: 16th April 2026 Dividend yield will be 5.9%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 8.3% over the next 3 years. However, it would need to fall by 35% to increase the payout ratio to a potentially unsustainable range.
공시 • Feb 27Swiss Re AG (SWX:SREN) announces an Equity Buyback for $1,500 million worth of its shares.Swiss Re AG (SWX:SREN) announces a share repurchase program. Under the program, the company will repurchase up to $1,500 million worth of its shares. The program is subject to legal and regulatory approvals. The program will be valid till December 31, 2026.
공시 • Feb 21Swiss Re Appoints Anne Lohbeck as Chief Risk Officer for PC Re, Effective May 1, 2026Swiss Re has appointed Anne Lohbeck as chief risk officer for PC Re. The appointment is effective May 1, 2026. Lohbeck will become part of the Risk Management Executive Team and the PC Re Executive Committee. She will oversee all risk management matters across PC Re. Lohbeck joined Sews Re in 2010, and has operated in several roles for the company.
내러티브 업데이트 • Feb 18SREN: Shares Will Balance Cautious Cycle With AI Partnership And Earnings TargetsAnalysts have reduced their Swiss Re price targets, with one firm lowering its target from CHF 130 to CHF 120. The change reflects updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E.
내러티브 업데이트 • Feb 04SREN: Shares Will Reflect Cautious Cycle, Tighter Peer Premium And AI UpsideAnalysts have trimmed their fair value estimate for Swiss Re from CHF 133.89 to CHF 127.37, reflecting lower assumed revenue growth, a reduced future P/E multiple of 13.40, and a slightly higher profit margin outlook. Together, these factors support a more cautious price target stance following recent research updates and the latest downgrade headlines.
공시 • Jan 29+ 4 more updatesSwiss Re AG to Report Fiscal Year 2026 Results on Feb 26, 2027Swiss Re AG announced that they will report fiscal year 2026 results on Feb 26, 2027
내러티브 업데이트 • Jan 21SREN: AI Partnership And Income Guidance Will Support Re Rating PotentialAnalysts have trimmed their fair value estimate for Swiss Re to CHF 156.55 from CHF 170.42. This reflects updated assumptions for lower revenue growth and profit margins, alongside a higher future P/E and discount rate.
공시 • Jan 14Swiss Re AG Appoints Christophe Heck as Market Head Life Health for France, BeNeLux, and SwitzerlandSwiss Re AG has promoted Christophe Heck to market head Life Health (LH) for France, BeNeLux and Switzerland. Heck will be based in Zurich and will lead Swiss Re's LH reinsurance team. He has more than a decade of industry experience.
내러티브 업데이트 • Jan 06SREN: Re Rating Toward Peers Will Face Pressure From Earnings DeliveryAnalysts have raised their price target for Swiss Re to CHF 125 from CHF 116.56, reflecting updated assumptions that include a higher discount rate, revised revenue growth and profit margin inputs, and a new future P/E multiple. Analyst Commentary The recent price target reset to CHF 125 comes alongside more cautious commentary from bearish analysts who question how Swiss Re is currently valued versus some of its closest European peers.
내러티브 업데이트 • Dec 20SREN: Shares Will Track Softer Reinsurance Cycle And Narrowing Peer PremiumAnalysts have trimmed their price target on Swiss Re by about CHF 9 to reflect slightly lower long term revenue growth, a modestly reduced profit margin outlook, and a lower assumed future P E multiple, as the reinsurance market is expected to soften into 2026. Analyst Commentary Recent Street research on Swiss Re reflects a more balanced and selective stance, with enthusiasm around the group s execution giving way to greater scrutiny of valuation and cycle risk.
내러티브 업데이트 • Dec 06SREN: Shares Will Likely Track Softer Reinsurance Cycle And Peer Discount DynamicsAnalysts have trimmed their price target for Swiss Re to CHF 142.85 from CHF 143.79, reflecting slightly higher revenue growth assumptions, offset by a marginally lower profit margin and modestly reduced future valuation multiples amid a softening reinsurance market and concerns that the stock should trade at a discount to certain European peers. Analyst Commentary Recent research updates highlight a shift in sentiment around Swiss Re, with valuation concerns and expectations for a softer reinsurance market driving more cautious stances.
내러티브 업데이트 • Nov 22SREN: Shares Will Likely Remain Sensitive To Reinsurance Market UncertaintySwiss Re's analyst price target has been reduced by analysts from CHF 144.93 to CHF 143.79, reflecting cautious sentiment. Recent downgrades highlight concerns over valuation and expectations for a softening reinsurance market.
분석 기사 • Nov 19Swiss Re AG Beat Analyst Estimates: See What The Consensus Is Forecasting For Next YearShareholders might have noticed that Swiss Re AG ( VTX:SREN ) filed its third-quarter result this time last week. The...
New Risk • Nov 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Nov 17Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: US$10.9b (down 2.0% from 3Q 2024). Net income: US$1.43b (up US$1.33b from 3Q 2024). Profit margin: 13% (up from 0.9% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Insurance industry in Switzerland.
내러티브 업데이트 • Nov 05SREN: Shares Will Face Ongoing Pressure If Sector Pricing Weakens FurtherAnalysts have modestly increased their fair value estimate for Swiss Re, raising the price target from CHF 142.39 to CHF 144.93. This change reflects ongoing adjustments to relative valuation and expectations for profit margins, even with a less favorable market backdrop.
내러티브 업데이트 • Oct 22Analysts Reconsider Swiss Re as Price Target Falls Amid Market Concerns and Valuation ShiftAnalysts have adjusted Swiss Re's price target downward from CHF 143 to CHF 125, citing concerns over relative valuation and expectations of a softening reinsurance market. Analyst Commentary Recent analyst research on Swiss Re highlights a shift in sentiment, with both optimistic and cautious perspectives emerging following the updated price target and outlook.
내러티브 업데이트 • Oct 08Expanding Natural Catastrophe Risks And Urbanization Will Reshape Reinsurance ProspectsAnalysts have reduced their fair value estimate for Swiss Re slightly, from CHF 140.27 to CHF 141.76. They cite a softer reinsurance market outlook and valuation pressures as key factors behind the change.
분석 기사 • Sep 13Should You Be Adding Swiss Re (VTX:SREN) To Your Watchlist Today?The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
내러티브 업데이트 • Sep 12Expanding Natural Catastrophe Risks And Urbanization Will Reshape Reinsurance ProspectsSwiss Re’s fair value estimate was marginally lowered as analysts weighed improved revenue growth forecasts against a significantly lower future P/E multiple, resulting in a slight reduction of the consensus price target to CHF140.27. What's in the News California Governor Gavin Newsom is proposing legislation to inject $18B into the state's wildfire fund, nearly doubling its resources, following major wildfires in Los Angeles County earlier this year (Bloomberg, 2025-07-30).
분석 기사 • Aug 17Swiss Re AG Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsSWX:SREN 1 Year Share Price vs Fair Value Explore Swiss Re's Fair Values from the Community and select yours Last week...
Reported Earnings • Aug 14Second quarter 2025 earnings: Revenues miss analyst expectationsSecond quarter 2025 results: Revenue: US$10.6b (down 2.2% from 2Q 2024). Net income: US$1.33b (up 42% from 2Q 2024). Profit margin: 13% (up from 8.6% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.0%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Insurance industry in Switzerland.
공시 • Jul 03Allianz Direct Versicherungs-AG completed the acquisition of iptiQ EMEA P&C S.A. from Swiss Re AG (SWX:SREN).Allianz Direct Versicherungs-AG agreed to acquire iptiQ EMEA P&C S.A. from Swiss Re AG (SWX:SREN) on November 5, 2024. Transaction is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close in Q2/Q3 2025. Sandro Fehlmann, Thomas Reutter of Advestra AG acted as legal advisors to Swiss Re AG (SWX:SREN) in the transaction. Thomas Broichhausen, René Döring, Michael Leicht, Frederik Winter and Eliane Dejardin Botelho of Linklaters Oppenhoff & Rädler advised Allianz Direct Versicherungs-AG on the deal. Allianz Direct Versicherungs-AG completed the acquisition of iptiQ EMEA P&C S.A. from Swiss Re AG (SWX:SREN) on July 1, 2025.
분석 기사 • Jun 25Swiss Re AG (VTX:SREN) Screens Well But There Might Be A CatchWith a price-to-earnings (or "P/E") ratio of 14.8x Swiss Re AG ( VTX:SREN ) may be sending bullish signals at the...
Reported Earnings • May 19First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: US$4.31 (up from US$3.76 in 1Q 2024). Revenue: US$10.5b (down 5.6% from 1Q 2024). Net income: US$1.27b (up 16% from 1Q 2024). Profit margin: 12% (up from 9.8% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 37%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Insurance industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
공시 • Apr 14+ 1 more updateSwiss Re Elects Morten Hübbe and George Quinn as Board MembersSwiss Re AG at its Annual General Meeting approved to elect Morten Hübbe and George Quinn as new Board members, for a one-year term of office.
Upcoming Dividend • Apr 08Upcoming dividend of US$7.35 per shareEligible shareholders must have bought the stock before 15 April 2025. Payment date: 17 April 2025. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Swiss dividend payers (4.4%). In line with average of industry peers (4.8%).
공시 • Mar 10+ 4 more updatesSwiss Re AG to Report First Half, 2026 Results on Aug 06, 2026Swiss Re AG announced that they will report first half, 2026 results on Aug 06, 2026
Declared Dividend • Mar 02Dividend of CHF7.35 announcedShareholders will receive a dividend of CHF7.35. Ex-date: 15th April 2025 Payment date: 17th April 2025 Dividend yield will be 5.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 28Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: US$11.02. Revenue: US$44.7b (down 10% from FY 2023). Net income: US$3.24b (flat on FY 2023). Profit margin: 7.2% (up from 6.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Insurance industry in Switzerland.
공시 • Feb 28Swiss Re AG announces Annual dividend, payable on April 17, 2025Swiss Re AG announced Annual dividend of CHF 7.3500 per share payable on April 17, 2025, ex-date on April 15, 2025 and record date on April 16, 2025.
공시 • Feb 27Swiss Re AG Announces Executive ChangesSwiss Re announced that Kera McDonald, currently Chief Underwriting Officer of Swiss Re Corporate Solutions, is appointed Group Chief Underwriting Officer as of 1 June 2025, subject to regulatory approval. Separately, after a combined 25-years' tenure at Swiss Re, Group Chief Risk Officer Patrick Raaflaub has decided to retire by the end of September 2025. The succession process is currently in progress, and a successor will be announced in due course. Kera McDonald has more than 30 years of professional experience and has been with Swiss Re since 2006 in various specialist and leadership roles. She has been a member of the Corporate Solutions Executive Committee since July 2019 and the Chief Underwriting Officer for this Business Unit since 2022. She holds a Bachelor's degree in Mathematics and Economics from Cornell University and an MBA in International Business from the University of Washington. In her new role as Group Chief Underwriting Officer, Kera McDonald will be responsible for driving underwriting excellence across all Business Units, steering the Group capacity allocation, defining mid-term underwriting ambitions and approving very large or complex transactions. Patrick Raaflaub first joined Swiss Re in 1994 and held a number of leadership roles in Finance and Capital Management. In 2008 he left the company to become Chief Executive Officer of the Swiss Financial Market Supervisory Authority FINMA before returning to Swiss Re in 2014 as Group Chief Risk Officer and member of the Group Executive Committee.
새로운 내러티브 • Feb 15Strengthened US Liability Reserves Will Reduce Risk And Support Future Earnings Strengthening U.S. liability reserves and disciplined underwriting in P&C support enhanced stability and sustainable revenue growth.
공시 • Jan 15Swiss Re AG Announces Board and Committee changesSwiss Re AG announced that Philip Ryan, member of the Swiss Re Board of Directors since 2015, and Sir Paul Tucker, member since 2016, will not stand for re-election at the upcoming AGM. Both are members of the Risk Committee. In addition, Mr. Ryan is also a member of the Audit Committee.
공시 • Jan 09SBLI Partners with Swiss Re to Enhance Underwriting Innovation with EaseSBLI announced it has partnered with Swiss Re to empower its life underwriters with Swiss Re's Underwriting Ease solution, a digital tool that summarizes key aspects of risks to underwriters, accelerating decisioning beyond automation. Underwriting Ease seamlessly integrates into existing underwriting workflows and connects with Life Guide. Designed by underwriters for underwriters, it facilitates end-to-end digitization while preserving core underwriting principles.
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: US$0.35 (vs US$3.52 in 3Q 2023)Third quarter 2024 results: EPS: US$0.35 (down from US$3.52 in 3Q 2023). Revenue: US$11.2b (down 15% from 3Q 2023). Net income: US$102.0m (down 90% from 3Q 2023). Profit margin: 0.9% (down from 7.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, while revenues in the Insurance industry in Switzerland are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
공시 • Nov 06Allianz Direct Versicherungs-AG agreed to acquire iptiQ EMEA P&C S.A. from Swiss Re AG (SWX:SREN).Allianz Direct Versicherungs-AG agreed to acquire iptiQ EMEA P&C S.A. from Swiss Re AG (SWX:SREN) on November 5, 2024. Transaction is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close in Q2/Q3 2025.
Reported Earnings • Aug 25Second quarter 2024 earnings released: EPS: US$3.23 (vs US$2.78 in 2Q 2023)Second quarter 2024 results: EPS: US$3.23 (up from US$2.78 in 2Q 2023). Revenue: US$10.8b (down 11% from 2Q 2023). Net income: US$996.0m (up 24% from 2Q 2023). Profit margin: 9.2% (up from 6.6% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, while revenues in the Insurance industry in Switzerland are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
공시 • Jun 05Appian and Swiss Re Extends Partnership to Introduce Connected Underwriting for Life Insurance in Asia Pacific and EMEAFollowing the launch of Connected Underwriting Life Workbench in North America last year, Appian announced that in partnership with Swiss Re, the solution will now be available in select countries in Asia Pacific, Europe, Middle East and Africa. Integrated with Swiss Re's automated life insurance underwriting solution, Magnum, the Appian Connected Underwriting Life Workbench accelerates the life insurance underwriting process and improves underwriters' productivity and experience on one system. Traditional underwriting workbenches have lacked integration across various internal, partner, and third-party systems, on-premises or in the cloud. A typical life insurance underwriter would have to log in to multiple systems to access information, conduct risk analysis and assessment with complex calculations, and manage and update case information, all to underwrite just one life insurance policy. Modern underwriters want one login and one system to orchestrate their entire workload for multiple cases and clients, allowing them to manage activities, tasks, transactions, and updates seamlessly and effortlessly. They need a powerful, reliable, and secure workbench to connect their data, unify their workflows, and seamlessly automate processes. Key benefits of the Appian Connected Underwriting Life Workbench include its ability to: Enable intelligent case and workload management: Automate workload assignment to provide underwriters with comprehensive case data from multiple systems, enabling them to make more informed decisions more efficiently. Automate underwriting processes and increase straight-through processing: Expedite policy issuance with intelligent automation, embedded underwriting and risk management rules, and integrated third-party data sources on a single system. Elevate customers and underwriters experience: Issue policies faster by automating underwriting workflows, minimising unnecessary wait time, reducing manual errors, and simplifying communications to increase client satisfaction, attract digital–first customers and new talent, and retain employees. Minimise risk and improve profitability: Connect data from any source to provide 360-degree analysis of individual and portfolio policies with different risks profiles and tolerance levels, determine policy effectiveness with AI-assistance to improve business performance, and meet service-level agreements (SLAs) with insurance partners and clients to manage costs and increase profits.
공시 • May 29+ 2 more updatesSwiss Re AG to Report Nine Months, 2025 Results on Nov 06, 2025Swiss Re AG announced that they will report nine months, 2025 results on Nov 06, 2025
Reported Earnings • May 17First quarter 2024 earnings released: EPS: US$3.76 (vs US$2.23 in 1Q 2023)First quarter 2024 results: EPS: US$3.76 (up from US$2.23 in 1Q 2023). Revenue: US$11.1b (down 7.2% from 1Q 2023). Net income: US$1.09b (up 70% from 1Q 2023). Profit margin: 9.8% (up from 5.4% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, while revenues in the Insurance industry in Switzerland are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공시 • May 17Swiss Re AG to Report Fiscal Year 2024 Final Results on Mar 13, 2025Swiss Re AG announced that they will report fiscal year 2024 final results on Mar 13, 2025
Upcoming Dividend • Apr 09Upcoming dividend of US$6.80 per shareEligible shareholders must have bought the stock before 16 April 2024. Payment date: 18 April 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Swiss dividend payers (4.0%). In line with average of industry peers (5.4%).
공시 • Apr 03+ 1 more updateSwiss Re AG Announces CEO ChangesSwiss Re AG announced the appointment of Andreas Berger as group chief executive officer, starting from July 1. He succeeds Christian Mumenthaler, who will step down from the role after eight years as Group chief executive and 25 years with Swiss Re. Mumenthaler joined Swiss Re in 1999. During Mumenthaler's eight-year tenure as chief executive, Swiss Re's premiums earned and fee income grew from around $30 billion in 2015 to $45 billion in 2023. Berger, aged 57, joined Swiss Re in March 2019 as chief executive corporate solutions and member of the group executive committee. Before that, he held leadership positions at Boston Consulting Group, Gerling, and Allianz.
공시 • Mar 22Swiss Re AG Announces Executive ChangesSwiss Re AG has appointed a head for its Indian unit. Swiss Re has appointed Amitabha Ray as the incoming CEO for its India Branch. They are to take over from 1 April. Ray is to be based in Mumbai and has more than 27 years of experience in insurance. Ray succeeds Hadi Riachi, who is to become head, global underwriting centre for Swiss Re Corporate Solutions.
Declared Dividend • Feb 21Dividend of US$6.80 announcedShareholders will receive a dividend of US$6.80. Ex-date: 16th April 2024 Payment date: 18th April 2024 Dividend yield will be 6.6%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 18Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$11.09 (up from US$1.63 in FY 2022). Revenue: US$49.5b (up 7.5% from FY 2022). Net income: US$3.21b (up US$2.74b from FY 2022). Profit margin: 6.5% (up from 1.0% in FY 2022). The increase in margin was driven by higher revenue. Combined ratio: 94.8% (down from 100.5% in FY 2022). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 2.1%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Insurance industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
공시 • Feb 13+ 1 more updateSwiss Re AG, Annual General Meeting, Apr 11, 2025Swiss Re AG, Annual General Meeting, Apr 11, 2025.
공시 • Dec 14Swiss Re AG (SWX:SREN) acquired SSBN Limited.Swiss Re AG (SWX:SREN) acquired SSBN Limited on December 14, 2023. As part of this transaction, Fathom will retain its own brand and continue its well-established research activities. Swiss Re AG (SWX:SREN) completed the acquisition of SSBN Limited on December 14, 2023.
Reported Earnings • Nov 07Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: US$3.52 (up from US$1.53 loss in 3Q 2022). Revenue: US$13.1b (up 9.7% from 3Q 2022). Net income: US$1.02b (up US$1.46b from 3Q 2022). Profit margin: 7.8% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Insurance industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 06Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: US$2.78 (up from US$1.40 in 2Q 2022). Revenue: US$12.1b (up 7.5% from 2Q 2022). Net income: US$804.0m (up 99% from 2Q 2022). Profit margin: 6.7% (up from 3.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Insurance industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공시 • Jul 08Swiss Re AG Announces Appointment of Ali Shahkarami as Global Head of PC SolutionsSwiss Re AG announced the appointment of Ali Shahkarami as global head of PC Solutions. Shahkarami is to be based out of Munich. In the position, Shahkarami is to lead a global team of insurance and data experts. He joins Swiss Re from Allianz Global Corporate Specialty.
Reported Earnings • May 07First quarter 2023 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2023 results: EPS: US$2.23 (up from US$0.86 loss in 1Q 2022). Revenue: US$12.1b (up 9.6% from 1Q 2022). Net income: US$643.0m (up US$891.0m from 1Q 2022). Profit margin: 5.3% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Insurance industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • May 04Consensus revenue estimates increase by 10%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$46.0b to US$50.6b. EPS estimate unchanged at US$11.32. Net income forecast to grow 589% next year vs 17% growth forecast for Insurance industry in Switzerland. Consensus price target broadly unchanged at CHF93.35. Share price was steady at CHF87.92 over the past week.
Upcoming Dividend • Apr 08Upcoming dividend of US$6.40 per share at 6.1% yieldEligible shareholders must have bought the stock before 14 April 2023. Payment date: 18 April 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.1%. Within top quartile of Swiss dividend payers (4.2%). Higher than average of industry peers (5.3%).
Reported Earnings • Feb 20Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: US$1.63 (down from US$4.97 in FY 2021). Revenue: US$46.0b (down 1.6% from FY 2021). Net income: US$472.0m (down 67% from FY 2021). Profit margin: 1.0% (down from 3.1% in FY 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 6.6%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Insurance industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공시 • Feb 17+ 1 more updateSwiss Re AG to Report Nine Months, 2023 Results on Nov 03, 2023Swiss Re AG announced that they will report nine months, 2023 results on Nov 03, 2023
공시 • Jan 18Swiss Re Ltd. Announces Executive Changes, Effective on April 1, 2023Swiss Re Ltd. announced the appointment of Velina Peneva as Group Chief Investment Officer and member of the Group Executive Committee, effective April 1, 2023. She will succeed Guido Furer following his retirement after 25 years at Swiss Re. Peneva is currently Co-Head Client Solutions & Analytics in Swiss Re's Asset Management. Previously, she headed Swiss Re's private equity investment mandate. Before joining Swiss Re in 2017, Peneva worked for Bain & Company in the US, Australia and Switzerland.
Major Estimate Revision • Oct 30Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$3.37 to US$1.71 per share. Revenue forecast steady at US$44.0b. Net income forecast to grow 239% next year vs 6.5% growth forecast for Insurance industry in Switzerland. Consensus price target broadly unchanged at CHF83.23. Share price was steady at CHF75.42 over the past week.
공시 • Oct 29Swiss Re AG to Report Q1, 2023 Results on May 04, 2023Swiss Re AG announced that they will report Q1, 2023 results on May 04, 2023
공시 • Oct 18Swiss Re AG Provides Earnings Guidance for the Third Quarter of 2022Swiss Re AG provided earnings guidance for the third quarter of 2022. The company estimates its preliminary claims from Hurricane Ian at approximately USD 1.3 billion, resulting in an expected Group net loss of approximately USD 0.5 billion for the third quarter of 2022. While the 2022 target of 10% Group ROE is unlikely to be reached given the impact from natural catastrophes, the Ukraine war and financial market volatility, the Group remains confident in the mid-term outlook and committed to its 2024 profitability goals.
Major Estimate Revision • Oct 12Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$5.44 to US$4.47 per share. Revenue forecast steady at US$43.8b. Net income forecast to grow 299% next year vs 6.5% growth forecast for Insurance industry in Switzerland. Consensus price target down from CHF88.92 to CHF86.90. Share price fell 6.0% to CHF69.90 over the past week.
Major Estimate Revision • Oct 10Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$5.44 to US$4.87 per share. Revenue forecast steady at US$43.7b. Net income forecast to grow 324% next year vs 6.5% growth forecast for Insurance industry in Switzerland. Consensus price target down from CHF89.23 to CHF86.94. Share price fell 3.8% to CHF70.40 over the past week.
공시 • Sep 07Swiss Re AG to Report Fiscal Year 2022 Final Results on Mar 16, 2023Swiss Re AG announced that they will report fiscal year 2022 final results on Mar 16, 2023
공시 • Aug 26Swiss Re Corporate Solutions Appoints Andrea Douglass as Senior Vice PresidentSwiss Re Corporate Solutions appointed Andrea Douglass as senior vice president for customer management in Canada. Douglass is to attend to the role on August 29 and is to be based in Toronto. She is to take over from Sarah Kestle who is retiring from the firm next month.
Reported Earnings • Aug 03Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: US$1.40 (down from US$2.47 in 2Q 2021). Revenue: US$11.2b (down 2.2% from 2Q 2021). Net income: US$405.0m (down 43% from 2Q 2021). Profit margin: 3.6% (down from 6.2% in 2Q 2021). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 93%. Over the next year, revenue is expected to shrink by 2.7% compared to a 14% decline forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Jul 19Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$6.53 to US$5.86. Revenue forecast unchanged from US$43.5b at last update. Net income forecast to grow 142% next year vs 5.6% growth forecast for Insurance industry in Switzerland. Consensus price target down from CHF90.66 to CHF88.38. Share price was steady at CHF72.96 over the past week.
