![\"\"](\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/05\/swiss-re-results-covid-impact.jpg\" "\\"swiss")
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The latest set of financials from Swiss Re for you;<\/p>\n
Swiss\u00a0Re achieved a net income of USD\u00a01.5\u00a0billion and a return on equity (ROE) of 23.6% for the first quarter of 2026. The result was driven by increased contributions from all Business Units, supported by low natural catastrophe experience and a strong investment contribution.<\/p>\n
Swiss\u00a0Re\u2019s Group Chief Executive Officer Andreas Berger said: \u201cOur first-quarter performance shows strong earnings generation, reflecting the strategic actions taken in recent years to reinforce our businesses. In a more challenging market environment, we are focused on active cycle management in our P&C businesses, as well as underwriting discipline and efficiency across the Group.\u201d<\/p>\n
Swiss\u00a0Re\u2019s Group Chief Financial Officer Anders Malmstr\u00f6m said: \u201cL&H Re made a strong start to the year following the completion of the portfolio review in 2025, while our P&C businesses continued to benefit from high-quality business written in recent years. We also took a prudent approach to managing current geopolitical volatility, including setting aside additional reserves for potential inflationary impacts of the ongoing Middle East conflict.\u201d<\/p>\n
Group result driven by contributions from all Business Units<\/p>\n
Swiss\u00a0Re delivered a net income of USD\u00a01.5\u00a0billion in the first quarter of 2026, a year-on-year increase of 19%. ROE reached 23.6% for the first quarter, up from 22.4% for the prior-year period. Both P&C businesses achieved good underwriting results, supported further by low large-loss experience in the quarter, while L&H\u00a0Re\u2019s result reflected in-force underwriting margins and favourable US mortality experience.<\/p>\n
Insurance revenue for the Group amounted to USD\u00a010.0\u00a0billion, compared with USD\u00a010.4\u00a0billion for the same period in 2025. Lower revenues in P&C\u00a0Re represent the main driver of the reduction. In addition, the Group\u2019s ongoing withdrawal from its iptiQ business contributed. This was partly offset by favourable foreign exchange movements.<\/p>\n
The insurance service result, which reflects the underwriting profit earned in the period, was USD\u00a01.7\u00a0billion, compared with\u00a0USD\u00a01.3\u00a0billion in the first quarter of 2025.<\/p>\n
The Group\u2019s new business contractual service margin (CSM), which reflects the profitability of new business written in the period, was USD\u00a01.2\u00a0billion, compared with USD 1.7 billion for the first quarter of 2025. The reduction reflects the impact of P&C\u00a0Re renewals in January, as well as a lower contribution from L&H\u00a0Re mainly due to lower transaction activity. Corporate\u00a0Solutions\u2019 new business CSM was broadly in line with the prior-year period.<\/p>\n
Swiss Re achieved an ROI of 4.6% for the first quarter of 2026. The result reflects strong recurring income of USD\u00a01.0\u00a0billion, supported further by realised gains from real estate sales. Swiss Re achieved a recurring income yield of 4.1% for the first quarter of 2026, in line with the prior-year period. The reinvestment yield for the quarter was 4.3%.<\/p>\n
\n\tRelated<\/p>\n","protected":false},"excerpt":{"rendered":"The latest set of financials from Swiss Re for you; Swiss\u00a0Re achieved a net income of USD\u00a01.5\u00a0billion and…\n","protected":false},"author":2,"featured_media":35575,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[244,10302,35364,35365,35366,41,9465,17],"class_list":["post-64801","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-insurance","tag-insurer","tag-latest-financials","tag-results-q1","tag-ruenover","tag-swiss","tag-swiss-re","tag-switzerland"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116568561301425372","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/64801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=64801"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/64801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/35575"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=64801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=64801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=64801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}