Swiss Reinsurance
Company Ltd
Management summary
In SST 2019, the solvency of Swiss Reinsurance Company Ltd (SRZ) remains at a strong level of 218%. Despite a challenging year with large losses SRZ was able to generate a positive underwriting contribution. This is also reflected in a relative increase in insurance risk and a higher market value margin. The dividend payment to the Group, the redemption of a subordinated instrument and depressed financial markets resulting in significantly lower contribution from investments ultimately lead to a decrease in the overall SST ratio.
Solvency overview
Figure 2
This Report provides qualitative and quantitative information about the financial condition of SRZ. This Report includes financial information already published in SRZ’s 2018 Annual Report (available on www.swissre.com).
Business activities
In this section, we provide information about the business model, the strategy and significant events. Read more
Performance
We present the performance of the year under review based on the Swiss statutory income statement. Read more
Governance and risk management
This section provides an overview of the system of governance, key governing bodies, risk management systems and policies. Read more
Risk profile
The main components of the total risk calculated under SST are discussed in this section. Read more
Valuation
In this section, we provide the SST balance sheet and additional quantitative and qualitative explanations on differences to SRZ’s audited statutory financial statements. Read more
Capital management
SRZ’s capital management strategy and key changes in 2018 are discussed in this section. Read more
Solvency
This section presents SRZ’s SST calculation and includes explanation of changes relative to the prior year. Read more