Swiss Re
Market Cap
CHF30.4b
Last Updated
2019/10/15 21:01 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.
Snowflake
Fundamentals
Average dividend payer and slightly overvalued.
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
Market Performance
7 Day Return
0.6%
SREN
2.8%
CH Insurance
2.1%
CH Market
1 Year Return
15.5%
SREN
24.3%
CH Insurance
10.3%
CH Market
Return vs Industry: SREN underperformed the Swiss Insurance industry which returned 24.3% over the past year.
Return vs Market: SREN exceeded the Swiss Market which returned 10.3% over the past year.
Shareholder returns
| SREN | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.6% | 2.8% | 2.1% |
| 30 Day | -0.1% | 1.4% | 0.3% |
| 90 Day | 6.3% | 7.5% | 1.6% |
| 1 Year | 22.2%15.5% | 30.9%24.3% | 16.1%10.3% |
| 3 Year | 35.6%15.2% | 67.3%43.1% | 34.7%17.2% |
| 5 Year | 90.7%42.3% | 99.6%51.6% | 41.0%18.9% |
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
2 weeks ago | Simply Wall St
What Kind Of Shareholders Own Swiss Re AG (VTX:SREN)?1 month ago | Simply Wall St
Investors Who Bought Swiss Re (VTX:SREN) Shares Five Years Ago Are Now Up 34%1 month ago | Simply Wall St
How Should Investors React To Swiss Re AG's (VTX:SREN) CEO Pay?Valuation
Is Swiss Re undervalued compared to its fair value and its price relative to the market?
4.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: SREN (CHF102.9) is trading below our estimate of fair value (CHF108.11)
Significantly Undervalued: SREN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SREN is poor value based on its PE Ratio (84.3x) compared to the Insurance industry average (14.4x).
PE vs Market: SREN is poor value based on its PE Ratio (84.3x) compared to the Swiss market (18.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: SREN is poor value based on its PEG Ratio (5.7x)
Price to Book Ratio
PB vs Industry: SREN is good value based on its PB Ratio (1x) compared to the CH Insurance industry average (1.1x).
Next Steps
Future Growth
How is Swiss Re forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
14.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SREN's forecast earnings growth (14.7% per year) is above the savings rate (3.3%).
Earnings vs Market: SREN's earnings (14.7% per year) are forecast to grow faster than the Swiss market (10.3% per year).
High Growth Earnings: SREN's earnings are forecast to grow, but not significantly.
Revenue vs Market: SREN's revenue (2.6% per year) is forecast to grow slower than the Swiss market (3.5% per year).
High Growth Revenue: SREN's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: SREN's Return on Equity is forecast to be low in 3 years time (9.9%).
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Past Performance
How has Swiss Re performed over the past 5 years?
-39.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SREN's earnings have declined by -39.6% per year over the past 5 years.
Accelerating Growth: SREN's earnings growth over the past year (192.1%) exceeds its 5-year average (-39.6% per year).
Earnings vs Industry: SREN earnings growth over the past year (192.1%) exceeded the Insurance industry 20.1%.
Return on Equity
High ROE: SREN's Return on Equity (1.3%) is considered low.
Return on Assets
ROA vs Industry: SREN's Return on Assets is below or equal to the Insurance industry average last year.
Return on Capital Employed
ROCE Improving: SREN's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Swiss Re's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: SREN has a low level of unsold assets or inventory.
Debt Coverage by Assets: SREN's debt is covered by short term assets (assets are 3.652940x debt).
Financial Institutions Analysis
Asset Level: SREN's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if SREN has a sufficient allowance for bad loans.
Low Risk Liabilities: SREN reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if SREN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SREN has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if SREN has an appropriate level of bad loans.
Next Steps
Dividend
What is Swiss Re's current dividend yield, its reliability and sustainability?
5.31%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: SREN's dividend (5.31%) is higher than the bottom 25% of dividend payers in the Swiss market (1.93%).
High Dividend: SREN's dividend (5.31%) is in the top 25% of dividend payers in the Swiss market (3.68%)
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: With its high payout ratio (465.4%), SREN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SREN's dividends in 3 years are forecast to be covered by earnings (63.3% payout ratio).
Next Steps
Management
What is the CEO of Swiss Re's salary, the management and board of directors tenure and is there insider trading?
3.3yrs
Average management tenure
CEO
Christian Mumenthaler (50yo)
3.3yrs
Tenure
US$5,814,000
Compensation
Mr. Christian Mumenthaler has been Group Chief Executive Officer of Swiss Re Ltd. since July 1, 2016 and served as its Chief Executive Officer of Reinsurance since October 21, 2011 until July 1, 2016. Mr. ...
CEO Compensation Analysis
Compensation vs. Market: Christian's total compensation ($USD5.83M) is about average for companies of similar size in the Swiss market ($USD4.19M).
Compensation vs Earnings: Christian's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.3yrs
Average Tenure
56yo
Average Age
Experienced Management: SREN's management team is considered experienced (3.3 years average tenure).
Board Age and Tenure
4.5yrs
Average Tenure
63yo
Average Age
Experienced Board: SREN's board of directors are considered experienced (4.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
John Dacey (59yo)
Group Chief Financial Officer
- Tenure: 1.5yrs
Christian Mumenthaler (50yo)
Group Chief Executive Officer
- Tenure: 3.3yrs
- Compensation: US$5.81m
Beat Strebel
Head of the Middle East & Africa business
- Tenure: 0.6yrs
Robert Solitro
Head of Special Lines North America
- Tenure: 0yrs
Jonathan Isherwood (53yo)
Head Globals - Reinsurance
- Tenure: 6.3yrs
Hermann Geiger (56yo)
Group Chief Legal Officer and Head Legal & Compliance
- Tenure: 0yrs
Guido Fürer (56yo)
Group Chief Investment Officer
- Tenure: 6.9yrs
Nigel Fretwell (57yo)
Chief Human Resources Officer
- Tenure: 6.4yrs
Anette Bronder (52yo)
Group Chief Executive Officer
- Tenure: 0.3yrs
Philippe Brahin
Head Investor Relations and Head Governmental Affairs & Sustainability
- Tenure: 0yrs
Board Members
Philip Ryan (63yo)
Non-Executive
- Tenure: 4.5yrs
- Compensation: US$894.00k
Raymond Ch'ien (67yo)
Non-Executive
- Tenure: 11.8yrs
- Compensation: US$439.00k
Walter Kielholz (68yo)
Non-Executive Chairman
- Tenure: 10.4yrs
- Compensation: US$3.88m
Renato Fassbind (64yo)
Vice Chairman & Lead Independent Director
- Tenure: 7.5yrs
- Compensation: US$826.00k
Joerg Reinhardt (63yo)
Independent Director
- Tenure: 2.5yrs
- Compensation: US$276.00k
Paul Tucker (61yo)
Non-Executive
- Tenure: 3.5yrs
- Compensation: US$325.00k
Jacques de Vaucleroy (58yo)
Non-Executive Independent Director
- Tenure: 2.5yrs
- Compensation: US$633.00k
Sue Wagner (58yo)
Non-Executive
- Tenure: 5.5yrs
- Compensation: US$575.00k
Jay Ralph (60yo)
Non-Executive
- Tenure: 2.5yrs
- Compensation: US$276.00k
Trevor Manuel (63yo)
Non-Executive
- Tenure: 4.5yrs
- Compensation: US$351.00k
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: CHF30.438b
- Shares outstanding: 295.80m
- Website: https://www.swissre.com
Number of Employees
Location
- Swiss Re AG
- Mythenquai 50/60
- 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 |
| SR9 | XTRA (XETRA Trading Platform) | 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) | SPON ADR EACH REPR 1 ORD SHS | US | USD | May 2011 | |
| SR9A | DB (Deutsche Boerse AG) | SPON ADR EACH REPR 1 ORD SHS | DE | EUR | May 2011 | |
| SRENE | SWX (SIX Swiss Exchange) | CHF0.10 (2ND BUY BACK LINE) | CH | CHF | Nov 2015 |
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 | 2019/10/15 21:01 |
| End of Day Share Price | 2019/10/15 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.