Added to YB: 2026-08-13
Pitch date: 2026-08-11
SREN.SW [neutral]
Swiss Re AG
+0.44%
current return
Author Info
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Company Info
Swiss Re AG, together with its subsidiaries, provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.
Market Cap
CHF 49.6B
Pitch Price
CHF 136.60
Price Target
N/A
Dividend
4.74%
EV/EBITDA
8.01
P/E
10.27
EV/Sales
1.32
Sector
Insurance
Category
turnaround
Swiss Re (SREN Switzerland): Cost discipline cushions a softer reinsurance cycle
SREN.SW (earnings): Q2 net profit $1.33bn beat, H1 at 63% of $4.5bn FY target. P&C combined ratio 74.0%, SST ratio 264%. But reinsurance pricing softening: June/July renewals -5.3% net price (+11% vol), YTD -4.6%. L&H profit +37% to $546m. Cost cuts extended to $500m by 2028. Cycle turning; discipline key.
Read full article (2 min)