Swiss Re Achieves USD 4.0 Billion Net Income in First Nine Months of 2025

Swiss Re has reported a net income of USD 4.0 billion for the first nine months of 2025, achieving a return on equity of 22.5%. This financial success is attributed to robust underwriting results, particularly in the Property & Casualty Reinsurance (P&C Re) sector, which saw net income rise to USD 2.3 billion, coupled with a combined ratio of 77.6%.

Corporate Solutions contributed USD 693 million in net income, supported by strong underwriting performance and reduced impact from natural catastrophe claims. Meanwhile, Life & Health Reinsurance (L&H Re) generated USD 1.1 billion in net income, facing challenges in meeting its target due to assumption changes in underperforming portfolios.

Swiss Re's investment return improved to 4.1%, bolstered by recurring income and strategic asset sales. The Group's capital position is robust, with a Swiss Solvency Test ratio of 268%, comfortably exceeding the target range.