Swiss Re : Solid earnings momentum in Q1 24 and planned exit from iptiQ business
>Q1 2024 net profit ahead of expectations - Swiss Re reported results for the first time applying the IFRS accounting standard. Group net profit came in at $ 1,092m and compares to $ 961m for the consensus and our $ 950m estimate. The beat was driven predominantly by P/C reinsurance and Corporate Solutions and was supported by a higher-than-expected investment income (RoI 4.0%). Technical profits in P/C reinsurance and corporate solutions benefited from a benign major...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.