Swiss Re Group
Management summary
The solvency of the Group and its Swiss-regulated re/insurance entities reflected in SST 2018 remains very strong, with the Group’s SST ratio increasing to 269%. The new ratio is comfortably above Swiss Re’s capitalisation target approved by the Board of Directors of Swiss Re Ltd of 220% and 7 percentage points higher than in SST 2017.
This Report provides qualitative and quantitative information about the financial condition of the Group. This Report includes financial and risk management information already published in the Group’s 2017 Financial Report available under www.swissre.com/investors/financial_information/.
Business activities
In this section, we provide information about the Group’s business model, the strategy and significant events. Read more
Performance
We present the performance of the year under review based on the US GAAP financial statements. Read more
Governance and risk management
This section provides an overview of the system of governance, key governing bodies, risk management systems and policies. In 2017, Swiss Re’s risk tolerance and capitalisation policy was refined in order to provide clearer guidance and additional operational flexibility to executive management. This change is effective from 2018 onwards. Read more
Risk profile
The main components of the total risk calculated under SST are discussed in this section. Read more
Valuation
In this section, we provide the SST balance sheet and additional quantitative and qualitative explanations on differences to the US GAAP audited financial statements of the Group. Read more
Capital management
The Group’s capital management strategy and key changes in 2017 are discussed in this section. Read more
Solvency
This section presents the SST calculation for the Group and includes explanations on changes relative to the prior year. In November 2017, FINMA approved Swiss Re’s internal model and its components for SST reporting purposes under their revised model review process. Read more