Swiss Re : Improved visibility that underlying earnings will dominate the bottom line
>Q1 2022 results nothing to cheer but visibility improves - Swiss Re reported soft Q1 2022 results broadly in line with estimates. Group net loss came to -$ 248m vs -$ 311m consensus estimate. As expected, the quarterly result was burdened by large losses linked to COVID excess mortality in L/H reinsurance. Furthermore, P/C reinsurance suffered from large losses above budget and from precautionary reserving for the war in Ukraine. On top of this, the investment income...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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