Facts & figures
The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer.
Dealing direct and working through brokers, our global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients.
From standard products to tailor-made coverage across all lines of business, we deploy our capital strength, expertise and innovation power to enable the risk-taking upon which enterprise and progress in society depend.
Details of Q1 2025 performance
USD millions, unless otherwise stated
|
Consolidated Group (total) |
Q1 2024 |
Q1 2025 |
Change |
|---|---|---|---|
|
Net income1 |
1 096 |
1 275 |
16% |
|
Insurance revenue (gross) |
11 676 |
10 405 |
–11% |
|
Insurance service result |
1 352 |
1 270 |
–6% |
|
Return on equity (%, annualised)2 |
20.7 |
22.4 |
|
|
Return on investments (%, annualised) |
4.0 |
4.4 |
|
|
Recurring income yield (%, annualised) |
3.9 |
4.1 |
|
|
31.12.24 |
31.03.25 |
||
|
Shareholders' equity |
21 892 |
23 383 |
7% |
|
Book value per share (USD) |
74.44 |
79.51 |
7% |
|
P&C Reinsurance |
Q1 2024 |
Q1 2025 |
|
|
Net income1 |
555 |
527 |
–5% |
|
Insurance revenue (gross) |
4 964 |
4 465 |
–10% |
|
Insurance service result |
704 |
575 |
–18% |
|
Combined ratio (%) |
84.7 |
86.0 |
|
|
Corporate Solutions |
|||
|
Net income1 |
195 |
208 |
7% |
|
Insurance revenue (gross) |
1 836 |
1 759 |
–4% |
|
Insurance service result |
213 |
240 |
13% |
|
Combined ratio (%) |
89.9 |
88.4 |
|
|
L&H Reinsurance |
|||
|
Net income |
412 |
439 |
7% |
|
Insurance revenue (gross) |
4 794 |
4 055 |
–15% |
|
Insurance service result |
434 |
456 |
5% |
1 Including net income/loss attributable to non-controlling interests of USD 4 million for the Group in Q1 2024 (whereof USD 3 million in P&C Reinsurance and USD 1 million in Corporate Solutions) and USD 8 million for the Group in Q1 2025 (whereof USD 8 million in Corporate Solutions).
2 Q1 2024 reflects revised 2023 shareholders’ equity as published in the 2024 Annual Report.