Swiss Re Ltd shareholders approved all proposals presented by the board of directors at its annual general meeting (AGM), including the election of two new board members, the distribution of an ordinary dividend, and compensation-related resolutions.
With 98.7% support, shareholders approved the payment of an ordinary dividend of US$7.35 per share for the 2024 financial year. The dividend will be distributed in Swiss francs from voluntary profit reserves, beginning April 17. Shares will be traded ex-dividend starting April 15.
All incumbent members of the board of directors were re-elected for another one-year term. In addition, Morten Hübbe and George Quinn were elected as new members, each receiving 94.6% and 98.3% of the votes, respectively.
Jacques de Vaucleroy was re-elected as chairman of the board with 96.2% approval. Other re-elected directors include Karen Gavan, Vanessa Lau, Geraldine Matchett, Joachim Oechslin, Deanna Ong, Jay Ralph, Joerg Reinhardt, Pia Tischhauser, and Larry Zimpleman – each securing between 98.9% and 99.4% of votes cast.
The Compensation Committee also saw the re-election of Ong, Ralph, and Reinhardt. Hübbe was newly elected to the committee. All appointments were confirmed with approval percentages exceeding 97%.
Vaucleroy noted that the voting results reflect the ongoing trust of shareholders in the board of directors. “I would like to thank shareholders for their ongoing support and trust in the board of directors,” he said. “We continue to work with the management team on further enhancing Swiss Re’s resilience, optimizing profitability, and maximising shareholder returns.”
The AGM also approved the 2024 Annual Report, including the Management Report and financial statements, with 98.4% of votes in favor. The consultative votes on the Compensation Report and the Sustainability Report for 2024 passed with 90.5% and 94.6% approval, respectively.
Shareholders granted discharge to the members of the board of directors with 98.7% support and re-elected both the independent proxy and auditor.
Additionally, shareholders approved:
Detailed voting results and the full minutes of the AGM are available on Swiss Re’s website. The company will report its Q1 2025 results on May 16.
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