Swiss Re : We lift estimates and TP on better technical profit outlook in P/C reinsurance
>Q3 2024 digested substantial reserve additions in P/C reinsurance - Swiss Re reported Q3 24 NP attributable to common shareholders of $ 102m, in line with preliminary results which disclosed $ 2.45bn reserve additions to US liability exposures in the quarter. Initial consensus expectation stood at $ 835m. Underlying technical profits were strong in all three segments. We increase our 2025e EPS estimate by 7.5% based on a markedly better underlying technical profit ou...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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