Swiss Re Past Earnings Performance

Past criteria checks 3/6

Swiss Re has been growing earnings at an average annual rate of 51.4%, while the Insurance industry saw earnings growing at 9.5% annually. Revenues have been declining at an average rate of 0.7% per year. Swiss Re's return on equity is 15.6%, and it has net margins of 8.5%.

Key information

51.40%

Earnings growth rate

51.22%

EPS growth rate

Insurance Industry Growth	7.60%
Revenue growth rate	-0.72%
Return on equity	15.56%
Net Margin	8.47%
Next Earnings Update	14 Nov 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Swiss Re makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

WBAG:SWRE Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 25	43,868	3,716	0
31 Mar 25	44,192	3,321	0
31 Dec 24	44,453	3,179	0
30 Sep 24	45,848	2,938	957
30 Jun 24	42,467	3,370	0
31 Mar 24	40,117	3,492	-858
31 Dec 23	41,339	3,043	0
30 Sep 23	48,956	3,223	3,673
30 Jun 23	44,307	2,014	1,710
31 Mar 23	46,972	1,363	3,429
31 Dec 22	46,004	472	3,369
30 Sep 22	45,909	-106	3,499
30 Jun 22	46,149	548	3,510
31 Mar 22	46,406	856	3,498
31 Dec 21	46,741	1,437	3,505
30 Sep 21	47,126	1,387	3,430
30 Jun 21	47,191	1,303	3,549
31 Mar 21	45,187	23	3,551
31 Dec 20	43,345	-878	3,597
30 Sep 20	43,640	-1,119	3,573
30 Jun 20	43,935	-1,361	3,549
31 Mar 20	46,631	-317	3,564
31 Dec 19	49,327	727	3,579
30 Sep 19	45,868	548	3,559
30 Jun 19	42,408	368	3,539
31 Mar 19	39,735	395	3,486
31 Dec 18	37,062	421	3,432
30 Sep 18	39,191	274	3,408
30 Jun 18	41,319	126	3,383
31 Mar 18	41,908	229	3,346
31 Dec 17	42,496	331	3,308
30 Sep 17	41,610	1,288	3,413
30 Jun 17	42,730	2,903	3,387
31 Mar 17	43,924	2,935	3,388
31 Dec 16	43,807	3,558	3,358
30 Sep 16	43,287	3,979	3,297
30 Jun 16	38,932	4,203	3,195
31 Mar 16	35,256	4,386	-25
31 Dec 15	35,736	4,597	3,248
30 Sep 15	35,366	3,904	2,325
30 Jun 15	37,124	3,732	1,574
31 Mar 15	38,891	3,714	770
31 Dec 14	37,382	3,500	0

Quality Earnings: SWRE has high quality earnings.

Growing Profit Margin: SWRE's current net profit margins (8.5%) are higher than last year (7.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SWRE has become profitable over the past 5 years, growing earnings by 51.4% per year.

Accelerating Growth: SWRE's earnings growth over the past year (10.3%) is below its 5-year average (51.4% per year).

Earnings vs Industry: SWRE earnings growth over the past year (10.3%) did not outperform the Insurance industry 10.4%.

Return on Equity

High ROE: SWRE's Return on Equity (15.6%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/06 02:54
End of Day Share Price	2025/10/06 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Swiss Re AG is covered by 45 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Dieter Hein	AlphaValue
Markus Mayer	Baader Helvea Equity Research
Christian Arnold	Bank Vontobel AG