Swiss Re : Q2 2022 results ahead of estimates with solid underlying profits
>Q2 2022 group net profit came to $ 405m vs $ 310m consensus - Swiss Re reported Q2 2022 results ahead of our and consensus estimates. Group net profit came to $ 405m vs $ 310m consensus and our $ 195m estimate. The positive deviation was due to a better-than-expected investment result (hedging activity), strong technical profitability in Corporate Solutions and lower than expected Covid-related losses in L/H reinsurance. P/C reinsurance reported a weaker-than-expecte...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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