Swiss Re : Results impacted by the crisis, but the balance sheet remains solid
>Q1 net income set to be impacted by the crisis - Swiss Re will report its Q1 2020 results on Thursday 30 April before trading. Note that it only reports key figures from its P&L in Q1 and Q3. We forecast a loss of $ 319m in Q1 2020 (vs a profit of $ 429m in Q1 2019), which is very slightly below the consensus (loss of $ 299m). The various natural catastrophes (notably in Australia) are set to have largely used up the natural catastrophe budget in Q1. Net profit in Q1...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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