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2018 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

2017

2018

Total assets

222 526

207 570

Total investments

161 897

147 302

Total liabilities

188 232

178 843

Total debt

10 581

10 135

Common shareholders’ equity

33 374

27 930

 

 

 

Total revenues

42 487

37 047

Premiums earned and fee income

33 705

34 461

- P&C Reinsurance

16 667

16 095

- L&H Reinsurance

11 980

12 835

- Corporate Solutions

3 651

3 925

- Life Capital

1 407

1 606

Net investment income – non-participating business

3 708

4 075

 

 

 

Total expenses

–41 962

–36 497

Claims and claim adjustment expenses

–16 730

–14 855

Life and health benefits

–11 083

–11 769

Net income

331

421

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ATTRIBUTION OF GROUP INCOME TO KEY STAKEHOLDERS

USD millions (unless otherwise stated)

2017

%

2018

%

1

Aggregate compensation for all employees was CHF 2 208 million in 2018. See 2018 Financial Report, Compensation highlights in 2018.

2

FY 2018 is estimated based on average year-to-date CHF/USD FX rates as of February 2019. 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 7 May 2018 and 15 February 2019 as part of the buy-back programme authorised at the AGM 2018. The total amount represents an estimate translated at the 2018 average CHF/USD FX rate.

Income before tax and variable compensation

814

100%

863

100%

Variable compensation1

351

43%

373

43%

Income tax expense

132

16%

69

8%

US GAAP net income attributable to shareholders

331

 

421

 

of which paid out as dividend2

1 592

196%

1 692

196%

of which share buy-back

1 032

127%

1 0223

118%

of which added to retained earnings within shareholders’ equity

–2 293

 

–2 293