5 Investments in subsidiaries and affiliated companies

As of 31 December 2019 and 2018, Swiss Re Ltd held directly the following investments in subsidiaries and affiliated companies:

As of 31 December 2019

Domicile

Currency

Share capital (millions)

Affiliation in %

Voting interest in %

1

In the fourth quarter of 2019, the Group entered into an agreement to sell its subsidiary ReAssure Group plc, currently a subsidiary of Swiss Re Life Capital Ltd, to Phoenix Group Holdings plc. The transaction is expected to close in mid-2020, subject to approvals by regulators and anti-trust authorities. Detailed information is included in Note 11 “Assets held for sale” in the notes to the Group’s 2019 financial statements.

Swiss Reinsurance Company Ltd

Zurich

CHF

34.4

100

100

Swiss Re Corporate Solutions Ltd

Zurich

CHF

100.0

100

100

Swiss Re Life Capital Ltd1

Zurich

CHF

0.1

100

100

Swiss Re Investments Holding Company Ltd

Zurich

CHF

0.1

100

100

Swiss Re Principal Investments Company Ltd

Zurich

CHF

0.1

100

100

Swiss Re Management Ltd

Zurich

CHF

0.1

100

100

Swiss Re Specialised Investments Holdings (UK) Ltd

London

GBP

1.0

100

100

As of 31 December 2018

Domicile

Currency

Share capital (millions)

Affiliation
in %

Voting interest in %

Swiss Reinsurance Company Ltd

Zurich

CHF

34.4

100

100

Swiss Re Corporate Solutions Ltd

Zurich

CHF

100.0

100

100

Swiss Re Life Capital Ltd

Zurich

CHF

0.1

100

100

Swiss Re Investments Holding Company Ltd

Zurich

CHF

0.1

100

100

Swiss Re Principal Investments Company Ltd

Zurich

CHF

0.1

100

100

Swiss Re Management Ltd

Zurich

CHF

0.1

100

100

Swiss Re Specialised Investments Holdings (UK) Ltd

London

GBP

1.0

100

100

Further disclosures in respect of investments in significant indirect subsidiaries and affiliated companies are detailed in Note 21 “Significant subsidiaries and equity investees” in the notes to the Group’s 2019 financial statements, where the voting interests are equal to the affiliations disclosed.