KEEP UP TO DATE WITH ALL THE IMPORTANT COVID-19 INFORMATIONCOVID-19 RESOURCE PORTAL

FANews
FANews
RELATED CATEGORIES

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

30 July 2021 Swiss Re

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.

Click here to read more...

Click here for Swiss Re Financial Highlights...

Quick Polls

QUESTION

South Africa’s Financial Sector Conduct Authority (FSCA) has the power to raise revenues by issuing administrative penalties and fines against non-compliant financial services providers, with this money flowing back to the Treasury… Does this, in your view, create a regulatory / government conflict of interest?

ANSWER

Absolutely, as conflicted as it gets
Maybe, I’m on the fence on this
No, the FSCA can do no wrong
The guilty must pay
fanews magazine
FAnews August 2021 Get the latest issue of FAnews

This month's headlines

Why it’s an amazing time to be an adviser and broker...
Power of the pack… In the company of women
POPIA pandemic - Tick tock goes the POPIA clock!
The unimaginable imaginable risk
How global cities could benefit from green dividends
Are life insurance products too complex?
Subscribe now