Swiss Re
Market Cap
CHF23.6b
Last Updated
2021/01/16 03:20 UTC
Data Sources
Company Financials +
Executive Summary
Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, and other insurance-based forms of risk transfer worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer with mediocre balance sheet.
Similar Companies
Share Price & News
How has Swiss Re's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SREN is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SREN's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.05%
SREN
-1.3%
CH Insurance
0.4%
CH Market
1 Year Return
-21.8%
SREN
-13.0%
CH Insurance
-0.4%
CH Market
Return vs Industry: SREN underperformed the Swiss Insurance industry which returned -13% over the past year.
Return vs Market: SREN underperformed the Swiss Market which returned -0.4% over the past year.
Shareholder returns
| SREN | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.05% | -1.3% | 0.4% |
| 30 Day | 1.2% | 1.9% | 2.8% |
| 90 Day | 23.9% | 22.1% | 5.8% |
| 1 Year | -15.4%-21.8% | -7.4%-13.0% | 3.1%-0.4% |
| 3 Year | 7.8%-10.5% | 26.2%6.8% | 19.8%4.7% |
| 5 Year | 22.2%-8.7% | 76.0%33.2% | 51.9%26.8% |
Long-Term Price Volatility Vs. Market
How volatile is Swiss Re's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
A Look At Swiss Re's (VTX:SREN) Share Price Returns3 months ago | Simply Wall St
Does Swiss Re AG (VTX:SREN) Have A Place In Your Dividend Stock Portfolio?4 months ago | Simply Wall St
Swiss Re (VTX:SREN) Share Prices Have Dropped 26% In The Last YearValuation
Is Swiss Re undervalued compared to its fair value and its price relative to the market?
49.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SREN (CHF84.5) is trading below our estimate of fair value (CHF165.73)
Significantly Below Fair Value: SREN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SREN is unprofitable, so we can't compare its PE Ratio to the CH Insurance industry average.
PE vs Market: SREN is unprofitable, so we can't compare its PE Ratio to the Swiss market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SREN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SREN's PB Ratio (1x) is in line with the CH Insurance industry average.
Next Steps
Future Growth
How is Swiss Re forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
56.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SREN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.3%).
Earnings vs Market: SREN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SREN's is expected to become profitable in the next 3 years.
Revenue vs Market: SREN's revenue (3.1% per year) is forecast to grow slower than the Swiss market (4.6% per year).
High Growth Revenue: SREN's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SREN's Return on Equity is forecast to be low in 3 years time (10.2%).
Next Steps
Past Performance
How has Swiss Re performed over the past 5 years?
-57.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SREN is currently unprofitable.
Growing Profit Margin: SREN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SREN is unprofitable, and losses have increased over the past 5 years at a rate of 57.7% per year.
Accelerating Growth: Unable to compare SREN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SREN is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-17.1%).
Return on Equity
High ROE: SREN has a negative Return on Equity (-4.25%), as it is currently unprofitable.
Next Steps
Financial Health
How is Swiss Re's financial position?
Financial Position Analysis
Short Term Liabilities: SREN's short term assets ($113.1B) do not cover its short term liabilities ($159.4B).
Long Term Liabilities: SREN's short term assets ($113.1B) exceed its long term liabilities ($49.8B).
Debt to Equity History and Analysis
Debt Level: SREN's debt to equity ratio (40.6%) is considered high.
Reducing Debt: SREN's debt to equity ratio has reduced from 47.5% to 40.6% over the past 5 years.
Debt Coverage: SREN's debt is well covered by operating cash flow (35.4%).
Interest Coverage: Insufficient data to determine if SREN's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Swiss Re current dividend yield, its reliability and sustainability?
6.31%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SREN's dividend (6.31%) is higher than the bottom 25% of dividend payers in the Swiss market (1.62%).
High Dividend: SREN's dividend (6.31%) is in the top 25% of dividend payers in the Swiss market (3.79%)
Stability and Growth of Payments
Stable Dividend: SREN's dividend payments have been volatile in the past 10 years.
Growing Dividend: SREN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: SREN is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: SREN's dividends in 3 years are forecast to be covered by earnings (71.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Christian Mumenthaler (51 yo)
4.5yrs
Tenure
US$5,932,000
Compensation
Mr. Christian Mumenthaler has been Group Chief Executive Officer of Swiss Re Ltd. since July 1, 2016 and served as its Chief Executive Officer of Reinsurance since October 21, 2011 until July 1, 2016. Mr. ...
CEO Compensation Analysis
Compensation vs Market: Christian's total compensation ($USD6.88M) is about average for companies of similar size in the Swiss market ($USD5.93M).
Compensation vs Earnings: Christian's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Member of Executive Committee | 4.5yrs | US$5.93m | 0.027% $ 6.4m | |
| Group CFO & Member of Executive Committee | 2.75yrs | no data | 0.011% $ 2.5m | |
| Group COO & Member of Executive Committee | 1.5yrs | no data | no data | |
| Group Chief Investment Officer & Member of Executive Committee | 8.17yrs | no data | 0.019% $ 4.6m | |
| Group Chief Technology Officer | 0.75yr | no data | no data | |
| Head of Investor Relations | 0.33yr | no data | no data | |
| Group Chief Legal Officer | 12yrs | no data | 0.018% $ 4.2m | |
| Head of Media Relations & Corporate Reporting | no data | no data | no data | |
| Chief HR Officer & Member of Executive Committee | 7.67yrs | no data | 0.0044% $ 1.0m | |
| MD and Head of Property & Casualty Underwriting - Asia | 0.33yr | no data | no data | |
| Head of the Middle East & Africa business | 1.83yrs | no data | no data | |
| Head of Special Lines North America | no data | no data | no data |
2.3yrs
Average Tenure
57yo
Average Age
Experienced Management: SREN's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non-Executive Independent Director | 5.75yrs | US$898.00k | 0.0056% $ 1.3m | |
| Non-Executive Independent Director | 13yrs | US$441.00k | 0.0076% $ 1.8m | |
| Non-Executive Chairman | 11.67yrs | US$3.81m | 0.15% $ 35.8m | |
| Vice Chairman & Lead Independent Director | 8.75yrs | US$826.00k | 0.011% $ 2.6m | |
| Non-Executive Independent Director | 2.75yrs | US$296.00k | 0.00072% $ 169.7k | |
| Independent Director | 3.75yrs | US$296.00k | 0.0092% $ 2.2m | |
| Non-Executive Independent Director | 4.75yrs | US$325.00k | 0.0019% $ 457.2k | |
| Non-Executive Independent Director | 2.75yrs | US$433.00k | 0.0010% $ 235.7k | |
| Non-Executive Independent Director | 3.75yrs | US$718.00k | 0.0017% $ 407.7k | |
| Non-Executive Independent Director | 6.75yrs | US$595.00k | 0.0050% $ 1.2m | |
| Non-Executive Independent Director | 0.75yr | no data | no data | |
| Non-Executive Independent Director | 3.75yrs | US$276.00k | 0.0012% $ 278.1k |
4.3yrs
Average Tenure
63yo
Average Age
Experienced Board: SREN's board of directors are considered experienced (4.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Swiss Re AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Swiss Re AG
- Ticker: SREN
- Exchange: SWX
- Founded: 1863
- Industry: Reinsurance
- Sector: Insurance
- Market Cap: CHF23.569b
- Shares outstanding: 278.92m
- Website: https://www.swissre.com
Number of Employees
Location
- Swiss Re AG
- Mythenquai 50/60, PO Box
- Zurich
- Zurich
- 8022
- Switzerland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SREN | SWX (SIX Swiss Exchange) | Yes | New Common Stock | CH | CHF | Dec 1993 |
| SR9 | DB (Deutsche Boerse AG) | Yes | New Common Stock | DE | EUR | Dec 1993 |
| SSRE.F | OTCPK (Pink Sheets LLC) | Yes | New Common Stock | US | USD | Dec 1993 |
| SREN N | BMV (Bolsa Mexicana de Valores) | Yes | New Common Stock | MX | MXN | Dec 1993 |
| 0QL6 | LSE (London Stock Exchange) | Yes | New Common Stock | GB | CHF | Dec 1993 |
| SSRE.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | May 2011 | |
| SR9A | DB (Deutsche Boerse AG) | SPONSORED ADR | DE | EUR | May 2011 |
Biography
Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, and other insurance-based forms of risk transfer worldwide. The company operates through four segments: Property & Ca...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 03:20 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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 here.