Business Unit structure and capital allocation

Our peer-leading capital repatriation is supported by strong dividend payments from our Business Units. The cash dividends paid to Swiss Re Ltd since 2013 totalled USD 22.0 billion, while the total amount of capital returned to shareholders in the same time period is USD 17.2 billion.

The Group also reinvested into the business by redeploying capital into the Business Units. The majority of this capital was allocated to Life & Health Reinsurance, Corporate Solutions and Life Capital’s open-book businesses, reflecting our strategy to steer capital to the growing areas of the business in a competitive environment.