Swiss Re AG Q2 2025 Earnings Recap

SREN.SW Q2 2025 August 14, 2025

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Swiss Re reported a robust net income of USD 2.6 billion for H1 2025, achieving an annualized ROE of 23%, primarily driven by strong underwriting results in its P&C segment.

Earnings Per Share Beat

$6.97 vs $5.32 est.

+31.0% surprise

Revenue Miss

8422336000 vs 18686373299 est.

-54.9% surprise

Market Reaction

1-Day +0.52%

5-Day +1.75%

30-Day -3.82%

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Key Takeaways

All three business units contributed positively, with P&C unit benefiting from a modest large loss environment in Q2.
Net insurance revenues decreased to USD 20.9 billion, down 5.8% year-over-year, largely impacted by selective pruning and seasonal factors.
New business CSM production remained stable at USD 3.1 billion, reflecting maintained underwriting discipline, despite industry pressures on pricing.
Life & Health Re delivered a net income of USD 839 million, slightly surpassing its target, with expectations for continued improvement in performance.
The company is on track to realize cost reductions of USD 100 million this year as part of a broader commitment to enhance operational efficiency.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit SREN.SW on AllInvestView.

Next Q3 2025