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
COVID‑192

H1 2021

H1 2021

Excluding
COVID‑192

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
(%, annualised)

–7.9

5.8

8.2

13.4

 

Return on investments
(%, annualised)

3.2

 

3.2

 
 

Recurring income yield
(%, annualised)

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
COVID‑192

H1 2021

H1 2021

Excluding
COVID‑192

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
(%, annualised)

–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
(%, annualised)

3.1

 

2.9

 
 

Return on equity
(%, annualised)

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
(%, annualised)

–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.