Swiss Re : Solid set of Q3 2023 results
>Q3 2023 net profit of $ 1,019m ahead of estimates - Swiss Re reported a solid set of Q3 2023 results. Net profit for the quarter came in at $ 1,019m and thus ahead of our $ 840m and $ 870m consensus estimates. The beat was driven by better-than-expected technical results in P/C reinsurance and Corporate Solutions. L/H reinsurance contributed a net profit broadly in line with estimates. RoI of 4.8% was ahead of 2.9% consensus expectation driven by strong recurring inc...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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