Swiss Re : H1 2021 ahead of expectations; solid underlying performance
>H1 2021 net profit of $ 1,046m ahead of $ 779m consensus - Swiss Re reported H1 2021 net profit of 1,046m (ROE 8.2%) and thus ahead of $ 799m consensus and our estimate of $ 824m. Adjusted for COVID-19 claims, group net income stands at $ 1,735m, implying an annualised ROE of 13.4%. The beat in the quarter was driven by a strong underlying technical result in P/C reinsurance and a high investment income on the back of equity valuation gains. COVID-19 related claims w...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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