Report
Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

Swiss Re : Nat Cat and one-offs weigh on Q4 2019e results

>We forecast a Q4 2019 net loss of $ 126m - Swiss Re is due to report FY 2019 results on 20 February 2020. Q4 2019e will likely have been burdened by sizable nat cat losses and one-off burdens linked to the ReAssure disposal ($ 300m pre-tax) and CorSo restructuring. On top of this, we believe the negative trend for reserve additions linked to US casualty exposures continued. On the positive side, equity valuations might contribute a positive $ 300m mark-to-market impa...
Underlying
Swiss Re AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Benoit Valleaux

Roland Pfaender,MBA,CFA,CCRA

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