Swiss Re has set its 2025 targets, aiming for a Group net income exceeding $4.4 bn. The Group also plans to raise its ordinary dividend per share by at least 7% annually over the next three years and maintains its multi-year IFRS ROE target of more than 14%.
The 2025 goals for all business units have become more ambitious.
- Property & Casualty Reinsurance (P&C Re) targets a combined ratio below 85%.
- Life & Health Reinsurance (L&H Re) aims for a net income of $1.6 bn.
- Corporate Solutions seeks a combined ratio under 91%.
In 2024, we took decisive actions to strengthen our business. We positioned overall P&C reserves at the higher end of the best-estimate range. We refocused on core capabilities, advanced our withdrawal from iptiQ, and aligned fee-generating business across the Group
Swiss Re’s Group CEO Andreas Berger
Berger highlighted favorable market conditions for 2025. Demand for P&C reinsurance is expected to stay strong, supported by an elevated risk environment. Commercial insurance pricing is stabilizing at attractive levels. The growing life insurance market and improved US mortality experience are driving L&H Re’s growth. Investment income is also making a significant positive contribution. With disciplined underwriting and cost control, Swiss Re aims to capitalize on these trends.
Swiss Re plans to reduce its run-rate operating expenses by about $300 mn by 2027 through ongoing cost discipline and efficiency measures.
The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime.
The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.
