Swiss Re : Swiss Re delivered Q3 2021 results ahead of expectations
>9M 2021 net profit came to $ 1,258m vs $ 965m consensus - Swiss Re reported strong 9M 2021 results ahead of our and the consensus expectations. Group net profit came to $ 1,258m vs $ 965m consensus and our $ 768m estimate. The annualised ROE stood at 6.6% for 9M 2021 and was burdened by high nat cat claims and higher than expected COVID-19 charges. Excluding COVID-19 charges the ROE would have been 11.7%. Underlying technical profitability was strong in P/C and L/H r...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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