Swiss Re : Q1 2023 results reflect a slow start to the year slightly below the run-rate
>Q1 2023 results ahead of consensus expectation - Swiss Re reported solid Q1 2023 results ahead of consensus expectations. Group net profit came to $ 643m vs $ 606m consensus estimate. Due to above-average nat cat claims in P/C reinsurance and elevated mortality during the winter in L/H reinsurance, the result stood below the quarterly run-rate Swiss Re’s >$ 3bn net profit guidance for 2023 implies. Nonetheless, the reported Q1 2023 result put the company on track to...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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