Swiss Re posts strong profit of USD 1.0 billion in first half 2021

Ad hoc announcement pursuant to Article 53 LR

• Excluding COVID-19 losses, Group net income of USD 1.7 billion and return on equity (ROE) of 13.4%
• Property and Casualty Reinsurance (P&C Re) net income of USD 1.2 billion
• Successful July 2021 P&C Re renewals at attractive margins
• Life and Health Reinsurance (L&H Re) net loss of USD 119 million; excluding COVID-19 losses, net income of USD 530 million
• Corporate Solutions net income of USD 262 million
• Strong return on investments (ROI) of 3.2%

Swiss Re reported a Group net income of USD 1.0 billion and an ROE of 8.2% in the first half of 2021, with very strong performance in the property and casualty businesses amid diminishing COVID-19-related impacts. Excluding COVID-19-related losses, Swiss Re’s net income was USD 1.7 billion, compared with USD 865 million in the same period of the prior year.

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