, APAC
131 views
/Freepik

Swiss Re targets over $3.6b FY24 net income, bags $2.1b in H1

EPS for the period was $6.97.

Swiss Re reported a second quarter (Q2 2024) profit of $996m, contributing to a net income of $2.1b for the first half of the year (H1 2024), driven by “disciplined” underwriting, low natural catastrophe claims, and robust investment income.

Earnings per share stood at $6.97, previously $5.87. Its H1 2024 net income was 16.8% higher on a year-on-year (YoY) basis. 

Return on equity (ROE) thus stood at 20.1%. Swiss Re's insurance revenue for H1 2024 totalled $22.5b, with an insurance service result of $2.9b. 

Swiss Re's Group CEO, Andreas Berger, confirmed that despite a challenging macroeconomic and geopolitical environment, the company maintains its 2024 targets, including a group net income of over $3.6b.

 

Follow the link s for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!