Annual Report 2024

Our Annual Report presents the Group’s business strategy and financial reports for 2024. The Sustainability Report provides transparency on non-financial matters.
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Message from our Chairman and Group CEO “Swiss Re is working from a position of strength characterised by an outstanding client franchise and strong capitalisation.”

Read the letter to shareholders Shareholder letter

Overview of Swiss Re’s 2024 financial results

Swiss Re focused on profitability and resilience in 2024, delivering strong net income and return on equity, while achieving our goal of positioning overall P&C reserves at the higher end of our best-estimate range.

  • Group net income for 2024 (USD)
    3.2 billion
    Description
    2024 target: USD >3.6 billion
  • IFRS return on equity for 2024
    15.0%
    Description
    Multi-year IFRS return on equity target: >14%
  • Swiss Solvency Test (SST) ratio
    257%
    Description
    As of 1 January 2025
  • P&C Re combined ratio for 2024
    89.9%
    Description
    2024 target: <87%
  • Corporate Solutions combined ratio for 2024
    89.7%
    Description
    2024 target: <93%
  • L&H Re net income for 2024 (USD)
    1.5 billion
    Description
    2024 target: USD ~1.5 billion

Swiss Re's Sustainability Report 2024

Read about Swiss Re's sustainability ambitions and the progress made throughout 2024.

Read more about the Sustainability Report Swiss Re publishes Sustainability Report 2024

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Swiss Re's strategy, people and market environment

Insights into our business

Whether it's reinsuring Switzerland's robust flood insurance system, putting AI to use in claims analytics, or developing insurance products for extreme heat: our people are passionate about making the world more resilient. Find out more. 

  • Mitigation and insurance: the Swiss approach to flood risk
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  • Providing financial relief for female labourers in India with a parametric insurance solution
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  • Taking control of risk with Risk Data & Services to enable strategic, data-based decisions
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  • Revolutionising claims with AI to process information quickly and support better decision-making
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  • Life Guide, Swiss Re's industry-leading Life & Health underwriting manual
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Our 2024 reports

Download our full reports here or see all download options in our downloads section. 

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