Swiss Re has announced its financial targets for 2025, including a group net income goal of more than US$4.4 billion.
The company also plans to increase its ordinary dividend per share by at least 7% annually over the next three years and reaffirmed its multi-year IFRS return on equity (ROE) target of more than 14%.
Group chief executive officer Andreas Berger (pictured above) highlighted the steps taken in 2024 to strengthen the company’s position, including adjustments to property and casualty (P&C) reserves, progress on exiting the iptiQ business, and alignment of fee-generating activities across the Group.
"As we look ahead to 2025, we expect P&C reinsurance pricing to remain strong, with growing demand for protection driven by an elevated risk environment,” he said.
Growth in the life insurance market, coupled with positive mortality trends in the US, is expected to bolster the life and health reinsurance (L&H Re) segment. Berger also cited investment income as a significant contributor to overall results.
“With a continued focus on disciplined underwriting and costs, Swiss Re is well-placed to benefit from this conducive outlook,” Berger said.
Swiss Re has increased its performance targets across its business units for 2025. The L&H Re segment aims for a net income of US$1.6 billion, while the P&C Re unit is targeting a combined ratio of less than 85%.
Corporate Solutions, the commercial insurance arm, has set a goal of achieving a combined ratio below 91%.
The company also announced a cost-reduction initiative, with plans to lower run-rate operating expenses by approximately US$300 million by 2027. This focus on cost discipline and operational efficiency is expected to contribute to meeting the company’s financial and strategic objectives.
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