Strong Net Income and Return on Equity
Swiss Re reported a first-quarter net income of $1.3 billion with a return on equity of 22%, indicating a strong financial performance.
Resilient P&C Re and Corporate Solutions Performance
Despite large losses amounting to $900 million, P&C Re and Corporate Solutions showed resilience with a positive nominal reserving result of just below $200 million.
Solid Life and Health Re Performance
Life and Health Re achieved a net income of $439 million, slightly above the target of $400 million, reflecting positive overall claims experience.
Cost Reduction on Track
The company is on track to reduce its cost run rate by at least $100 million this year, contributing to the overall target of $300 million by 2027.
Strong Investment Returns
Swiss Re saw strong investment results with an ROI of 4.4%, ahead of last year's 4.0%, benefiting from realized gains on asset sales.