Swiss Re reports half-year 2019 net income of USD 953 million, supported by strong Reinsurance performance and investment results

• Group net premiums earned and fee income up 7.9% year-on-year to USD 18.2 billion
• Property & Casualty Reinsurance (P&C Re) net income up 2.5% to USD 771 million; combined ratio 100.5%; return on equity (ROE) 15.9%
• Life & Health Reinsurance (L&H Re) net income up 15.3% to USD 459 million; ROE 13.1%
• Corporate Solutions net loss of USD 403 million reflects decisive management actions to reposition the business
• Life Capital net income of USD 5 million; gross cash generation of USD 460 million
• Very strong return on investments (ROI) of 4.2%; running yield of 2.9%
• P&C Re treaty renewals showed year-to-date premium growth of 23% and price quality increase of 1%
• Urs Baertschi appointed CEO Reinsurance EMEA, Regional President and member of the Group Executive Committee, effective 1 September 2019
Swiss Re reported net income of USD 953 million in the first six months of 2019, supported by a strong performance by Reinsurance and investment results. Net premiums earned and fee income rose by 7.9% year-on-year to USD 18.2 billion, reflecting growth across all Business Units. The Group ROE was 6.6%.

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