Swiss Re Ltd. (SSREY.PK) on Friday reported a strong growth in full-year net income and announced plans to repurchase up to $1.5 billion of shares in 2026.
Full-year net income increased 47% to $4.762 billion from $3.238 billion a year ago.
Insurance service result grew 36% to $5.847 billion from $4.304 billion in the previous year.
Insurance revenue, however, declined 5% to $43.136 billion from $45.598 billion last year.
P&C Reinsurance generated net income of $2.767 billion, up 126%, while insurance revenue fell 5% to $18.703 billion. The combined ratio was 79.4%.
Corporate Solutions posted net income of $988 million, up 19%, and insurance revenue of $7.737 billion, down 4%. The combined ratio stood at 86.5%.
Life & Health Reinsurance reported net income of $1.274 billion, down 17%, with insurance revenue decreasing 3% to $16.504 billion.
Return on equity improved to 19.6% from 15%.
The Board proposed a dividend of $8 per share, up 9%.
The company noted that the $1.5 billion share repurchase includes $500 million under its sustainable annual share buyback programme.
For fiscal 2026, Swiss Re confirmed its outlook targeting net income of $4.5 billion. P&C Re and Corporate Solutions maintained combined ratio targets of below 85% and below 91%, respectively, while L&H Re aims to increase net income to $1.7 billion in 2026.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.