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 2021 performance

Q1 20201

Q1 2020

Excluding
COVID‑192

Q1 2021

Q1 2021

Excluding
COVID‑192

Consolidated Group (Total)

Net premiums earned and fee income
(USD millions)

9 586

 

10 212

 
  Net income/loss (USD millions)

–225

158 333 843
 

Return on equity
(%, annualised)

–3.1

2.2

5.2

12.9

 

Return on investments
(%, annualised)

3.2

 

3.5

 
 

Recurring income yield
(%, annualised)

2.5

 

2.1

 
   

31.12.20

 

31.03.21

 
 

Shareholders’ equity
(USD millions)

27 135

 

24 586

 
 

Book value per share
(USD)

93.90   85.17  
   

Q1 20201

Q1 2020

Excluding
COVID‑192

Q1 2021

Q1 2021

Excluding
COVID‑192

P&C Reinsurance

Net premiums earned
(USD millions)

4 737

 

5 008

 
 

Net income
(USD millions)

61 272 477 509
  Combined ratio (%) 110.8 105.5 96.5 95.6
 

Return on equity
(%, annualised)

3.0

13.2

21.6

23.0

L&H
Reinsurance

Net premiums earned and fee income
(USD millions)

3 366

 

3 832

 
  Net income/loss (USD millions) 299  

–184

270
 

Recurring income yield
(%, annualised)

3.1

 

2.7

 
 

Return on equity
(%, annualised)

15.8

 

–11.8

16.8

Corporate Solutions

Net premiums earned
(USD millions)

1 221

 

1 215

 
 

Net income/loss
(USD millions)

–166

6 96 112
  Combined ratio (%) 120.6 102.3 96.0 94.4
 

Return on equity
(%, annualised)

–29.8

1.0

16.2

18.8

Details of Q1 2021 COVID-19 claims and reserves in USD millions

Q1 2021

P&C
Reinsurance

L&H
Reinsurance

Corporate
Solutions

Group items

Total

Event cancellation

25

 

–7

 

18

Business interruption

11

 

20

 

31

Credit & surety

–4

 

1

 

–3

Mortality

 

570

6

9

585

Other lines

13

 

–1

 

12

Total

45

570

19

9

643

1 For Corporate Solutions, Q1 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.