Swiss Re announced its targets for 2025, including a Group net income of more than USD 4.4 billion. The Group aims to grow the ordinary dividend per share by 7% or more per year over the next three years and maintains its multi-year IFRS ROE target of more than 14%, Swiss Re said in its report.

The key takeaways of the report are:

• Property & Casualty Reinsurance (P&C Re) targets a reported combined ratio of less than 85%
• Life & Health Reinsurance (L&H Re) targets a net income of USD 1.6 billion
• Corporate Solutions targets a reported combined ratio of less than 91%
• The Group maintains its multi-year IFRS return on equity (ROE) target of more than 14%
• Swiss Re aims for dividend per share growth of 7% or more per year over the next three years.

"As we look ahead to 2025, we expect P&C reinsurance pricing to remain strong, with growing demand for protection driven by an elevated risk environment. Commercial insurance pricing is plateauing at attractive levels, while the growing life insurance market and favourable mortality experience in the US are underpinning L&H Re's performance. This is supported by a significant positive contribution from investment income. With a continued focus on disciplined underwriting and costs, Swiss Re is well-placed to benefit from this conducive outlook", explained Swiss Re's Group CEO Andreas Berger.