Swiss Re : 9M 2019 results a mixed bag
>9M 2019 net income broadly in line with estimates - Swiss Re reported a mixed bag of 9M 2019 results. Group net profit stood at $1,343m, ahead of our estimate ($1,303m) and slightly shy of consensus ($1,357m). The annualized group ROE stood at 6.0%. Group reinsurance earnings beat expectations, while CorSo and Life Capital were on the disappointing side. The SST ratio came in better than expected at 241% (consensus: 239%, ODDO BHF: 235%). Reinsurance bus...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.