Annual Report 2025

Highlight Stories

Message from our Chairman and Group CEO

"Swiss Re is well positioned to play its traditional resilience-building role as a shock absorber against peak perils and as a provider of critical, data-driven risk insights."

Read the letter to shareholders Message from our Chairman and Group CEO

Overview of Swiss Re’s 2025 financial results

In 2025 Swiss Re delivered on two key priorities: achieving its Group financial target and strengthening the resilience of the company.

  • Group net income for 2025 (USD)
    4.8 billion
    Description
    Target: >4.4 billion
  • Return on equity for 2025
    19.6%
    Description
    Target: > 14% (multi-year)
  • Swiss Solvency Test ratio as of 1 January 2026
    250%
    Description
    Target range: 200% - 250%
  • P&C Re combined ratio for 2025
    79.4%
    Description
    Target: <85%
  • Corporate Solutions combined ratio for 2025
    86.5%
    Description
    Target:<91%
  • L&H Re net income for 2025 (USD)
    1.3 billion
    Description
    Target: USD ~1.6 billion

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Swiss Re's strategy, business performance and progress on sustainability

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