Swiss Re announced its targets for 2026, including a Group net income of USD 4.5 billion, supported by an updated strategy. The Group aims to complement the ordinary dividend with a sustainable annual share buyback programme, starting in 2026 at USD 500 million, the Group said in its press release.

Key takeaways:

• Strategy set to advance the core of Swiss Re's business through disciplined execution, differentiated propositions and a leading position in its most important markets
• Swiss Re builds on strong data foundation and early adoption of AI to transform core processes, improving productivity and decision making
• Targets for all individual Business Units maintained or increased for 2026
• Life & Health Reinsurance (L&H Re) portfolio review materially completed; fourth-quarter pre-tax IFRS earnings impact estimated at approximately USD 250 million
• The Group maintains its multi-year IFRS return on equity (ROE) target of more than 14%
• Swiss Re continues to aim for annual dividend per share growth of 7% or more over next two years 
• Swiss Re aims to introduce a sustainable annual share buyback programme, starting in 2026 at USD 500 million

"We continue to strengthen the foundations of our business. This year in particular, we accelerated efforts to improve the resilience of our in-force book in L&H Re. Along with the other actions we have taken, this gives us the confidence to increase our target for that Business Unit in 2026, contributing to an updated Group net income target of USD 4.5 billion", commented Swiss Re's Group Chief Executive Officer Andreas Berger.

"Today we are a stronger Swiss Re — delivering resilient earnings and leveraging a powerful data and AI platform to drive smarter decisions, deeper risk insights and long-term value for our clients. As we look ahead, we continue to focus our efforts and resources firmly on our core markets. Conditions remain constructive, supported by structural growth. This puts us in a strong position for 2026 and beyond", the CEO added.