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Swiss Re reports net income of $2.1bn for H1 2024

Written by Adam Cadle
22/08/2024

Swiss Re reported a profit of $996m in Q2 2024, resulting in a net income of $2.1bn and a ROE of 20.1% for H1.

The main drivers for these results were disciplined underwriting, low natural catastrophe claims, and strong investment income (4%).

Swiss Re's Group CEO, Andreas Berger, said: "After a strong start in the first half of this year, we maintain our 2024 targets, including group net income of more than $3.6bn.

“Amid a challenging macroeconomic and geopolitical environment, we continue to focus on disciplined underwriting to maintain and where possible improve the resilience of our portfolios to enable delivery of consistent results."


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