Swiss Re : All eyes on 2023e and beyond
>Nat Cat and reserving action left its marks on Q3 2022 - We have reviewed our estimates following Swiss Re’s Q3 2022 reporting which came in below ours and consensus estimates. The group net loss came to $ 422m for Q3 2022 (9m 2022: net loss $ 258m) held back by above-average nat cat claims, an elevated number of smaller and mid-sized claims and a negative impact from prior year events. We have lowered our net profit estimate for the group by 87% to $ 219m for 2022e,...Swiss Re is engaged in wholesale reinsurance, insurance and risk transfer solutions. Co.'s clients include insurance companies, corporations, the public sector and policyholders. Co.'s business units include: Property & Casualty Reinsurance, which includes the business lines property and casualty (including motor); Life & Health Reinsurance, which includes the life and health line of business; Corporate Solutions, which serves mid-sized and large corporations, with product offerings ranging from property and casualty insurance to customised solutions; and Admin Re®, which provides risk and capital management solutions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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