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 H1 2021 performance
|
H1 20201 |
H1 2020 Excluding |
H1 2021 |
H1 2021 Excluding |
||
|---|---|---|---|---|---|
|
USD millions, unless otherwise stated |
|||||
|
Consolidated Group (total) |
Net premiums earned and fee income |
19 329 |
20 800 |
||
|
Net income/loss |
–1 135 |
865 |
1 046 |
1 735 |
|
|
Return on equity |
–7.9 |
5.8 |
8.2 |
13.4 |
|
|
Return on investments |
3.2 |
3.2 |
|||
|
Recurring income yield |
2.5 |
2.3 |
|||
|
31.12.20 |
30.06.21 |
||||
|
Shareholders’ equity |
27 135 |
23 805 |
|||
|
Book value per share (USD) |
93.90 |
82.36 |
|||
|
H1 20201 |
H1 2020 Excluding |
H1 2021 |
H1 2021 Excluding |
||
|
P&C Reinsurance |
Net premiums earned |
9 601 |
10 453 |
||
|
Net income/loss |
–519 |
646 |
1 248 |
1 278 |
|
|
Combined ratio (%) |
115.8 |
100.5 |
94.4 |
93.9 |
|
|
Return on equity |
–12.8 |
14.9 |
27.2 |
27.8 |
|
|
L&H Reinsurance |
Net premiums earned and fee income |
6 676 |
7 518 |
||
|
Net income/loss |
74 |
516 |
–119 |
530 |
|
|
Recurring income yield |
3.1 |
2.9 |
|||
|
Return on equity |
1.8 |
12.4 |
–3.7 |
15.5 |
|
|
Corporate Solutions |
Net premiums earned |
2 473 |
2 555 |
||
|
Net income/loss |
–312 |
75 |
262 |
264 |
|
|
Combined ratio (%) |
118.7 |
98.8 |
92.7 |
92.6 |
|
|
Return on equity |
–26.2 |
5.8 |
21.1 |
21.2 |
|
Details of H1 2021 COVID-19 losses in USD millions
|
H1 2021 |
P&C Reinsurance |
L&H Reinsurance |
Corporate Solutions |
Group items |
Total |
|---|---|---|---|---|---|
|
Event cancellation |
24 |
−37 |
−13 |
||
|
Business interruption |
12 |
20 |
32 |
||
|
Credit & surety |
−5 |
7 |
2 |
||
|
Mortality |
820 |
9 |
10 |
839 |
|
|
Other lines |
18 |
−10 |
2 |
10 |
|
|
Total |
49 |
810 |
1 |
10 |
870 |
1 For Corporate Solutions, H1 2020 has been revised to reflect the results of elipsLife, which as of 1 January 2021 is reported as part of Corporate Solutions following the disbandment of the Life Capital Business Unit at the end of 2020.
2 This column is for reference only and excludes the impact of the reserves established for COVID-19-related claims, including estimated tax impacts.