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 full-year 2023 performance
FY 2022 |
FY 2023 |
||
---|---|---|---|
USD millions, unless otherwise stated |
|||
Consolidated Group (total) |
Net premiums earned and fee income |
43 118 |
45 003 |
Net income |
472 |
3 214 |
|
Return on equity |
2.6 |
22.3 |
|
Return on investments |
2.0 |
3.4 |
|
Recurring income yield |
2.6 |
3.6 |
|
31.12.22 |
31.12.23 |
||
Shareholders’ equity |
12 699 |
16 146 |
|
Book value per share (USD) |
43.94 |
55.60 |
|
FY 2022 |
FY 2023 |
||
P&C Reinsurance |
Net premiums earned |
22 028 |
22 881 |
Net income |
312 |
1 861 |
|
Combined ratio (%) 1 |
102.4 |
94.8 |
|
L&H Reinsurance |
Net premiums earned and fee income |
14 984 |
15 648 |
Net income |
416 |
976 |
|
Recurring income yield |
3.2 |
4.1 |
|
Corporate Solutions |
Net premiums earned |
5 482 |
5 479 |
Net income |
486 |
678 |
|
Combined ratio (%) 1 |
93.1 |
91.7 |
1 The Group has prospectively, as from 1 January 2023, revised the methodology used to calculate the combined ratio to include interest on funds withheld.