Swiss Re : CMD points to healthy business growth and focus on volatility management
>CMD with first time IFRS targets for 2024 - Swiss Re held a CMD where management presented FY 2024 targets based on IFRS 17 accounting (company switches from US GAAP to IFRS accounting beginning of 2024). The accounting switch helps comparability to major peers and better reflects the underlying L/H earnings pattern. Management set a net profit target of >$ 3.6bn for the group in 2024 (compared to our and consensus estimate of ~$ 3.5bn net profit for 2024e based on U...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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