Swiss Re Reports USD 3.2 Billion Net Income for 2024

Swiss Re announced a net income of USD 3.2 billion for the year 2024, with a return on equity (ROE) of 15%. The Property & Casualty Reinsurance (P&C Re) division reported a net income of USD 1.2 billion, affected by reserve strengthening in the third quarter. Corporate Solutions saw a 26% increase in net income to USD 829 million. Meanwhile, Life & Health Reinsurance (L&H Re) reported a net income of USD 1.5 billion, meeting its target and improving from the previous year.

The company achieved a return on investments (ROI) of 4%, supported by disciplined underwriting and investment income. Swiss Re maintained a strong capital position with Group Swiss Solvency Test (SST) ratio above 200%, despite reserve adjustments and dividend accruals.

The Board proposes an 8% dividend increase to USD 7.35 per share, reflecting confidence in robust business performance. Looking ahead, Swiss Re targets a net income of over USD 4.4 billion for 2025, with continued focus on cost efficiency and innovation.