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

Swiss Re : Q1 2021 with further improved underlying profitability

>Q1 2021 net profit of $ 333m ahead of consensus - Swiss Re reported $ 333m net profit for Q1 2021 and thus ahead of consensus which had a forecast of a $ 10m net loss. Excluding $ 634m COVID-19 related losses of $ 634m, group net income would have been $ 843m, implying an annualised ROE of 12.9%. The quarter benefited from strong underlying profitability and a high ROI of 3.5% ahead of the consensus estimate of 2.9%. P/C reinsurance surprised on the upsi...
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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