Letter to shareholders

"Despite challenges, Swiss Re concluded last year in a stronger position than at the start of 2022."

Read the letter to shareholders
Swissre Shareholderletter2023 5D6A1182 2 WEB
Our People

People bringing ideas to life at Swiss Re

Vision and strategy
Swiss Re's Vison & Strategy as depicted in an infographic
Vision and strategy

We make the world more resilient

We have a distinct mission: together, we apply deep knowledge, intelligent data and capital strength to anticipate and manage risk. That’s how Swiss Re powers progress for our clients, helping the world rebuild, renew and move forward. Today, 75% of risks – from natural catastrophes and climate change to ageing populations and cybercrime – remain uninsured. We aim to change that.

Our vision and strategy
Market context
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Market context

Swiss Re’s business helps navigate risks in a volatile world

Swiss Re’s business helps companies, governments and households navigate risks in a volatile world. In this section, we single out the large trends that have shaped the risk perception of our clients in 2022: global supply chain disruption, the impact of inflation, decarbonising the global economy and the swing to a hard market in property reinsurance. In a special feature, we also cast a light on Swiss Re’s evolved technology strategy – looking into the key technological issues on Swiss Re’s radar.

Our market context
Sustainability

Swiss Re's Sustainability Report

Swiss Re embeds sustainability in all its business activities, considering ESG factors in underwriting, investments and its operations while ensuring that sustainability is appropriately reflected in roles and responsibilities, and adjusting the business and investment portfolio to make it more resilient.

Our 2022 Sustainability Report
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Downloads

Annual Report 2022

Business Report

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Financial Report

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Sustainability Report

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Business Report

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Financial Report

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Sustainability Report

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Group Results 2022

Group net income (USD)

472

million
Group net premiums earned and fee income (USD)

43.1

billion
Group return on equity

2.6%

Proposed regular dividend per share for 2022 (in USD)

6.40

Swiss Solvency Test (SST) as of 1 January 2023

294%

Group Targets

Group net income target for 2023 (USD)

>3 billion

Group return on equity target

14%

in 2024
Group annual growth in economic net worth (ENW) per share target

10%

Business Units

P&C Re net income 2022 (USD)

312 million

L&H Re net income 2022 (USD)

416 million

Corporate Solutions net income 2022 (USD)

486 million

P&C Re net premiums earned and fee income 2022 (USD)

22.0 billion

L&H Re net premiums earned and fee income 2022 (USD)

15.0 billion

Corporate Solutions net premiums earned in 2022 (USD)

5.5 billion

Business Unit targets for 2023

P&C Re combined ratio target for 2023

<95%

L&H Re net income target for 2023
(USD)

~900million

Corporate Solutions combined ratio target for 2023

<94%

Financial strength ratings

AA– Standard & Poor’s (as of 3 November 2022)

AA–

Moody's (as of 24 November 2022)

Aa3

AM Best (as of 18 August 2022)

A+

stable

Key sustainability ratings

MSCI ESG rating (as of 13 May 2022)

AAA

S&P Global ESG Score 2022 (as of October 2022)

87

/100
CDP Climate Change Score 2022

B

People and locations

Total regular employees as of 31 December 2022

14 408

Number of Swiss Re offices worldwide

80

Number of countries in which Swiss Re has offices

29