Swiss Re Reports Strong First-Quarter Earnings for 2025

Swiss Re posted a net income of USD 1.3 billion for the first quarter of 2025, with a return on equity of 22.4%. This result highlights the group's resilience despite significant loss events in its property and casualty businesses, driven by robust underlying performance and favorable investment and tax impacts.

The Property & Casualty Reinsurance unit achieved a net income of USD 527 million, absorbing substantial natural catastrophe claims, notably from the Los Angeles wildfires. The Corporate Solutions unit posted a net income of USD 208 million, while Life & Health Reinsurance reported USD 439 million, showcasing strong margins on new business.

Swiss Re's capital position remains robust with an estimated Group SST ratio of 254%, and the company plans to cancel 18.7 million surplus treasury shares by June 2025.