Swiss Re : Solid technical profits support further build-up of reserve resilience
>Q2 2024 net profit ahead of expectations - Swiss Re reported Q2 2024 results on 22 August ahead of expectations. Group net profit attributable to common shareholders came to $ 996m in Q2 2024 and compares to the $ 925m consensus and our $ 919m estimate. Underlying technical profitability was strong throughout the group. Very low nat cat claims were used to buffer up reserves in P/C reinsurance and Corporate Solutions. SST ratio was indicated to stand comfortably abov...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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