Business Units at a glance
Working across diversified insurance risks and businesses to maximise shareholder value
Reinsurance
Reinsurance is Swiss Re’s largest business in terms of income, providing 86% of net premiums and fee income through two segments — Property & Casualty and Life & Health. Reinsurance aims to extend Swiss Re’s industry-leading position with disciplined underwriting, prudent portfolio management and diligent client service.
Net premiums earned and fee income (USD billions)
Property & Casualty
Life & Health
Net income (USD millions)
Property & Casualty
Life & Health
Operating performance
Property & Casualty
93.5%
(85.7% 2015)
Combined ratio
Life & Health
10.4%
(12.2% 2015)
Net operating margin
Return on equity
Property & Casualty
16.4%
(Target: 10%-15%)
Life & Health
12.8%
(Target: 10%-12%)
Corporate Solutions
Corporate Solutions serves mid-sized and large corporations, with product offerings ranging from traditional property and casualty insurance to highly customised solutions. Corporate Solutions serves customers from more than 50 offices worldwide.
Net premiums earned and fee income (USD billions)
Net income (USD millions)
Operating performance
101.1%
(93.2% 2015)
Combined ratio
Return on equity
6.0%
(Target: 10%-15%)
Life Capital
Life Capital manages closed and open life and health insurance books. The Business Unit provides alternative access to the life and health risk pool, helping to generate stable returns and seize attractive new opportunities. For our clients and partners, it provides a primary insurance balance sheet, efficient policy administration services, life and health expertise and knowledge for reaching more markets and offering new products.
Net premiums earned and fee income (USD billions)
Net income (USD millions)
Operating performance
721m
(USD 543m 2015)
Gross cash generation
Return on equity
10.4%
(Target: 6%-8%)
Total
(After consolidation)
Net premiums earned and fee income (USD billions)
Net income (USD millions)
Operating performance
10.6%
(13.7% 2015)
Return on equity
Return on equity
+700
At least 700 basis points greater than Swiss Re’s designated risk-free rate, currently ten-year US government bonds.
Diversified and global
Net premiums earned and fee income by business segment
(Total USD 33.2 billion)
Net premiums earned and fee income
by region
(Total USD 33.2 billion)
