Swiss Re : Financial information document(q1-2024-consensus)

SWISS RE

CONSENSUS Q1 2024

Consensus based on 11 analysts' submissions, collected by Vara Research

	In USD m (unless otherwise stated)	Median
	Group	Insurance revenue (gross)	11 180
		ROI1	3.7%
		Net income/loss	961
		Insurance revenue (gross)
	P&C Reinsurance	4 750
		Reported combined ratio2	86.3%
		Nominal large nat cat losses3	5.6%
		Discounting benefit3	7.0%
		Insurance revenue (gross)
	Corporate Solutions	2 000
		Reported combined ratio4	92.3%
		Discounting benefit5	2.5%
		Insurance revenue (gross)
	L&H Reinsurance	4 187
		Net income/loss	382

• Annualised

• Definition: insurance service expense (net) / insurance revenue (net)

• As % of insurance revenue (net)

• Definition: (insurance service expense (gross) + reinsurance result + non-directly attributable expenses) / insurance revenue (gross)

• As % of insurance revenue (gross)

Disclaimer

The consensus estimates are for informational purposes only and are provided solely for the convenience of investors. The consensus estimates do not represent the opinions, estimates or forecasts of Swiss Re. By posting these consensus estimates on its website, Swiss Re does not endorse, approve of or otherwise express an opinion in respect of the consensus estimates or any underlying estimates, and it assumes no responsibility or liability for the consensus estimates, the underlying individual estimates, the methodology or assumptions underlying such individual estimates, or the process of collating individual estimates to present the consensus estimates. Swiss Re does not comment on or verify individual estimates and it makes no representation or warranty as to the reasonableness of any underlying methodology or assumptions or the likelihood of achieving any of the figures reflected in the consensus estimates. Although Swiss Re intends to publish future consensus estimates periodically, it may discontinue the practice at any time, and it disclaims any obligation to update, supplement or revise posted consensus estimates to reflect events or circumstances that may occur following the date on which such consensus estimates are posted. Consensus estimates are forward-looking and are based on assumptions about future developments, some or all of which may not occur.

Where consensus estimates are presented in comparison to key financial data derived from published financial information, the consensus estimates (which were prepared prior to the publication of such financial information) are presented for comparison purposes only. Any such key financial data should be read together with the related published annual or semi-annual reports, or quarterly earnings announcements. Statements as to historical performance are not intended to mean that future performance or future share price for any period will necessarily match or exceed those of any prior year. Statements as to financial targets will not necessarily be matched either. The information and opinions contained herein are provided as at the date of publication and are subject to change without notice.

The posting of the consensus estimates is not intended to, and does not, constitute investment advice or any recommendation or solicitation to buy, hold or sell Swiss Re securities or other financial instruments, securities or investments whatsoever.