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Swiss Re reports first quarter 2018 net income of USD 457 million; public share buy-back programme to start on 7 May 2018

Swiss Re reports first quarter 2018 net income of USD 457 million; public share buy-back programme to start on 7 May 2018

04 May 2018

• Group net income of USD 457 million for the first quarter 2018; gross premiums written up 13.1% to USD 11.5 billion • Estimated adverse pre-tax impact of USD 280 million due to new US GAAP accounting guidance •Property & Casualty Reinsurance net income USD 345 million; ROE 13.5%; enhanced portfolio through year-to-date renewals • Life & Health Reinsurance continued to generate stable earnings; net income of USD 201 million; ROE 11.5%; gross premiums written up 22.3% • Corporate Solutions net income of USD 41 million; gross premiums written1 up 32.3% • Life Capital reported exceptional gross cash generation of USD 705 million • Return on investments (ROI) of 2.2%, negatively impacted by the US GAAP accounting change; running yield of 2.8% • Public share buy-back programme of up to CHF 1 billion purchase value to commence on 7 May 2018

Swiss Re expands African operations and gives vote of confidence to a stronger African insurance industry

Swiss Re expands African operations and gives vote of confidence to a stronger African insurance industry

02 May 2018

Swiss Re's Reinsurance Business Unit has strengthened its African business through its newly approved license for Property & Casualty (P&C) business in South Africa. The move completes Swiss Re's ambition to re-domicile its Southern African Property & Casualty business onto the continent and sends an optimistic signal to African insurance markets. The move will allow Southern African clients to access the full strength of Swiss Re's Property & Casualty capabilities including innovative technological solutions and tailored transactional business.

At USD 144 billion, global insured losses from disaster events in 2017 were the highest ever, sigma study says

At USD 144 billion, global insured losses from disaster events in 2017 were the highest ever, sigma study says

10 April 2018

• Total global economic losses from natural disasters and man-made catastrophes were USD 337 billion in 2017 • Global insured losses from disaster events in 2017 were USD 144 billion, the highest ever on sigma records • Hurricanes Harvey, Irma and Maria resulted in combined insured losses of USD 92 billion, equal to 0.5% of US GDP • Insured losses from all wildfires in the world totalled USD 14 billion in 2017, the highest ever in a single year • More than 11 000 people died or went missing in disaster events in 2017

Swiss Re builds on superior capital strength, leading R&D capabilities and deep client commitment for future growth

Swiss Re builds on superior capital strength, leading R&D capabilities and deep client commitment for future growth

04 April 2018

• With a Group SST ratio of 269%, Swiss Re maintains its industry leading capital position and financial flexibility to invest in growth • Investments in R&D drive value for the company and form the basis for outperformance • Advances in technology are impacting the re/insurance value chain and are reshaping the competitive landscape • Swiss Re’s tech strategy is embedded in its business strategy and aims to increase the competitiveness of its clients, improve Swiss Re’s own value chain, harvest the full potential of data and seek access to risk pools • Reinsurance’s differentiation strategy is a strong contributor to profits • Corporate Solutions is well-placed to benefit from expected market improvements and to pursue growth in Primary Lead business • Life Capital is transitioning from a pure closed book consolidator to a dynamic primary B2B2C business; the gross cash generation target for 2016–2018 has been increased to USD 2.3–2.5 billion • Economic Net Worth creation remains at the core of the Group’s steering framework and drives its strong solvency capital generation

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Swiss Re reports full-year 2017 net income of USD 331 million despite USD 4.7 billion of natural catastrophe losses

Swiss Re reports full-year 2017 net income of USD 331 million despite USD 4.7 billion of natural catastrophe losses

23 February 2018
Swiss Re completes public share buy-back programme 2017

Swiss Re completes public share buy-back programme 2017

19 February 2018
Better management of existing business helps life insurers to enhance customer experience and improve profitability, Swiss Re sigma says

Better management of existing business helps life insurers to enhance customer experience and improve profitability, Swiss Re sigma says

13 December 2017
Swiss Re's closed book business ReAssure to acquire 1.1 million Legal & General life policies for GBP 650 million

Swiss Re's closed book business ReAssure to acquire 1.1 million Legal & General life policies for GBP 650 million

06 December 2017
Swiss Re estimates its claims burden from hurricanes Harvey, Irma and Maria and the Mexico earthquakes at USD 3.6 billion

Swiss Re estimates its claims burden from hurricanes Harvey, Irma and Maria and the Mexico earthquakes at USD 3.6 billion

20 October 2017
Swiss Re agrees GBP 800 million minority investment into ReAssure by MS&AD

Swiss Re agrees GBP 800 million minority investment into ReAssure by MS&AD

06 October 2017
Studies show insurance mitigates risk of poverty and contributes to overall development in emerging markets, latest sigma says

Studies show insurance mitigates risk of poverty and contributes to overall development in emerging markets, latest sigma says

11 September 2017
Swiss Re develops solutions to help clients address new challenges

Swiss Re develops solutions to help clients address new challenges

11 September 2017