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Key figures and results

Swiss Re at a glance

Swiss Re reported net income of USD 1.4 billion for 2021, driven by strong performance of its property and casualty businesses.

1.4bn
Group net income (USD)
(2020: USD –878m)
5.7%
Return on equity
(2020: –3.1%)
AA-
Standard & Poor's
5.90
Dividend (CHF)
(2020: CHF 5.90)
223%
Group SST ratio as of
1 January 2022

Group financial targets

Supported by the increased underlying earnings power of the business, favourable market outlook and continued cost discipline, Swiss Re published new ambitious financial targets for the Group and its businesses.

Multi-year targets
Swiss Re Group

14%

US GAAP Group return on equity in 2024¹

10%

Economic net worth per share growth p.a.²

Full-year targets 2022

10%

US GAAP Group return on equity in 2022³

<94%

P&C Re normalised⁴ combined ratio

~300

L&H Re net income (USD million)⁵

<95%

Corporate Solutions reported combined ratio

Our strategy in action
Discover how Swiss Re advanced its business in 2021 by focusing on three strategic pillars: risk transfer, risk insights and risk partnerships.

Risk Transfer

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Business Report

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Financial Report

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Sustainability Report

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  1. As of 2024, Swiss Re Group will report under IFRS. Current modelling indicates that the equivalent IFRS target will be higher than 14%.
  2. Economic net worth is calculated as: (current-year closing ENW per share + current-year dividends per share) / (prior-year closing ENW per share + current-year opening balance sheet adj. per share).
  3. Group ROE target for 2022 includes current expectations of COVID-19 losses.
  4. Normalised combined ratio assumes average large natural catastrophe loss burden and excludes prior-year reserve development as well as the COVID-19 impact.
  5. Target includes current expectations of COVID-19 losses.