Swiss Re has reported internet revenue of $1.27bn for the primary quarter of 2025 (Q1 2025), a 16% rise from $1.09bn posted in the identical quarter of the earlier 12 months.
The corporate attributed the rise to underwriting outcomes throughout its enterprise segments and funding returns.
The ebook worth per share noticed a 7% rise, reaching $79.51 from $74.44 within the earlier 12 months’s first quarter.
The insurance coverage service end result noticed a 6% decline to $1.27bn in Q1 2025, down from $1.35bn in Q1 2024.
The Zurich-based firm’s insurance coverage income decreased by 11% to $11.6bn from $10.4bn within the prior 12 months.
This discount was primarily resulting from non-recurring IFRS transition results and the termination of an exterior retrocession transaction in L&H Re, which had boosted the earlier 12 months’s figures, in addition to opposed international alternate actions.
The corporate’s property and casualty (P&C) reinsurance revenues had been down 10% to $4.4bn, whereas the company options phase fell by 4% to $1.7bn and life and well being reinsurance reported a 15% lower in revenues to $4.05bn.
Swiss Re additionally plans to cancel round 18.7 million surplus treasury shares by 30 June 2025, that are presently not eligible for dividends.
Following the cancellation, the full share depend for Swiss Re will stand at 298.8 million, which incorporates practically 294.8 million dividend-eligible shares and round 4 million treasury shares reserved primarily for share-based compensation plans.
Within the P&C sector, massive pure disaster claims totalled $570m in Q1 2025, representing 29% of the annual finances for such claims, primarily from the Los Angeles wildfires.
Company Options reported man-made losses of $147m for the quarter, whereas pure disaster losses of $60m had been largely because of the Los Angeles wildfires and tropical cyclone Alfred in Queensland, Australia.
Swiss Re Group CEO Andreas Berger stated: “The primary quarter of 2025 was marked by vital massive loss occasions in our property and casualty companies. Regardless of this, all enterprise models posted strong outcomes, highlighting the resilience of the Group and underscoring our capability to assist shoppers by performing as a shock absorber for peak dangers.”
Commenting on the outlook, Berger added: “With a turbulent begin to the 12 months, we stay vigilant and targeted on sustaining our robust foundations. Because of the decisive actions we took in 2024, all our companies are well-positioned and have delivered a strong efficiency within the first quarter. Alongside our continued give attention to value self-discipline and effectivity, this provides us confidence in our 2025 targets regardless of a difficult atmosphere.”
The corporate confirmed that its exit from iptiQ is on monitor. Final month, Swiss Re accomplished the divestment of iptiQ’s Americas Gross sales Options by a administration buyout and disclosed the sale of iptiQ’s Australian operations to Hannover Re.
