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 |
Q1 2021 |
Q1 2021 Excluding |
||
|---|---|---|---|---|---|
|
Consolidated Group (Total) |
Net premiums earned and fee income |
9 586 |
10 212 |
||
| Net income/loss (USD millions) |
–225 |
158 | 333 | 843 | |
|
Return on equity |
–3.1 |
2.2 |
5.2 |
12.9 |
|
|
Return on investments |
3.2 |
3.5 |
|||
|
Recurring income yield |
2.5 |
2.1 |
|||
|
31.12.20 |
31.03.21 |
||||
|
Shareholders’ equity |
27 135 |
24 586 |
|||
|
Book value per share |
93.90 | 85.17 | |||
|
Q1 20201 |
Q1 2020 Excluding |
Q1 2021 |
Q1 2021 Excluding |
||
|
P&C Reinsurance |
Net premiums earned |
4 737 |
5 008 |
||
|
Net income |
61 | 272 | 477 | 509 | |
| Combined ratio (%) | 110.8 | 105.5 | 96.5 | 95.6 | |
|
Return on equity |
3.0 |
13.2 |
21.6 |
23.0 | |
|
L&H |
Net premiums earned and fee income |
3 366 |
3 832 |
||
| Net income/loss (USD millions) | 299 |
–184 |
270 | ||
|
Recurring income yield |
3.1 |
2.7 |
|||
|
Return on equity |
15.8 |
–11.8 |
16.8 |
||
|
Corporate Solutions |
Net premiums earned |
1 221 |
1 215 |
||
|
Net income/loss |
–166 |
6 | 96 | 112 | |
| Combined ratio (%) | 120.6 | 102.3 | 96.0 | 94.4 | |
|
Return on equity |
–29.8 |
1.0 |
16.2 |
18.8 |
Details of Q1 2021 COVID-19 claims and reserves in USD millions
|
Q1 2021 |
P&C |
L&H |
Corporate |
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.