Financial highlights and attribution of Group income to key stakeholders
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 taxes and shareholders).
USD millions |
2019 |
2020 |
||
|---|---|---|---|---|
Total assets1 |
238 567 |
182 622 |
||
Total investments |
103 746 |
120 693 |
||
Total liabilities1 |
207 530 |
155 364 |
||
Total debt |
10 323 |
11 737 |
||
Shareholders’ equity |
29 251 |
27 135 |
||
|
|
|
||
Total revenues |
49 314 |
43 338 |
||
Premiums earned and fee income |
38 594 |
40 770 |
||
- P&C Reinsurance |
19 275 |
20 832 |
||
- L&H Reinsurance |
13 004 |
13 883 |
||
- Corporate Solutions |
4 166 |
4 047 |
||
- Life Capital |
2 149 |
1 984 |
||
Net investment income – non-participating business |
4 171 |
2 988 |
||
|
|
|
||
Total expenses |
–48 405 |
–44 428 |
||
Claims and claim adjustment expenses |
–18 683 |
–19 838 |
||
Life and health benefits |
–13 087 |
–13 929 |
||
Net income |
727 |
–878 |
||
|
||||
USD millions (unless otherwise stated) |
2019 |
% |
2020 |
% |
||||||
|---|---|---|---|---|---|---|---|---|---|---|
Income before tax and variable compensation |
1 215 |
100% |
–797 |
100% |
||||||
Variable compensation1 |
3482 |
29% |
347 |
– |
||||||
Income tax expense |
140 |
12% |
–266 |
– |
||||||
US GAAP net income attributable to shareholders |
727 |
|
–878 |
|
||||||
of which paid out as dividend3 |
1 766 |
145% |
1 925 |
– |
||||||
of which share buyback |
1 010 |
83% |
– |
– |
||||||
of which added to retained earnings within shareholders’ equity |
–2 049 |
– |
–2 803 |
– |
||||||
|
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