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2017 Corporate Responsibility Report

Financial highlights and attribution of Group income

The financial figures in the table at the top provide information on the scale of the Swiss Re Group and income generated: total capitalisation broken down in terms of debt and equity, sales/revenues, operating costs and net income.

The information in the lower table shows the distribution of Group income to key stakeholders (employees, government and shareholders).

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FINANCIAL HIGHLIGHTS

USD millions

2016

2017

Total assets

215 065

222 526

Total investments

155 016

161 897

Total liabilities

179 349

188 232

Total debt

11 351

10 581

Common shareholders’ equity

34 532

33 374

 

 

 

Total revenues

43 786

42 487

Premiums earned and fee income

33 231

33 705

- P&C Reinsurance

17 008

16 667

- L&H Reinsurance

11 527

11 980

- Corporate Solutions

3 503

3 651

- Life Capital

1 193

1 407

 

 

 

Total expenses

–39 414

–41 962

Claims and claim adjustment expenses

–12 564

–16 730

Life and health benefits

–10 859

–11 083

Net income

3 558

331

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ATTRIBUTION OF GROUP INCOME TO KEY STAKEHOLDERS

USD millions (unless otherwise stated)

2016

%

2017

%

1

Aggregate compensation for all employees was CHF 2 165 million in 2017. See 2017 Financial Report.

2

FY 2017 is estimated based on average year-to-date CHF/USD FX rates as of February 2018. The dividend is subject to AGM approval and the amount depends on the final number of dividend eligible shares and FX rates upon dividend payout.

3

Includes shares bought back between 3 November 2017 and 16 February 2018 as part of the buy-back programme authorised at the AGM 2017. The total amount represents an estimate translated at the 2017 average CHF/USD exchange rate.

Income before tax and variable compensation

4 773

100%

814

100%

Variable compensation1

466

10%

351

43%

Income tax expense

749

16%

132

16%

US GAAP net income attributable to shareholders

3 558

 

331

 

of which paid out as dividend2

1 559

33%

1 650

203%

of which share buy-back

1 006

21%

1 0163

125%

of which added to retained earnings within shareholders’ equity

993

20%

–2 335