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
(%, annualised)

2.6

22.3

 

Return on investments
(%, annualised)

2.0

3.4

 

Recurring income yield
(%, annualised)

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
(%, annualised)

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.