Swiss Re’s capital position in 2025 remained strong, with the Group SST 2026 ratio at 250%. Compared with SST 2025, the ratio decreased by 7 percentage points, mainly driven by projected capital repatriation and model updates, partially offset by positive underwriting and investment contributions, Swiss Re said in its 2025 Financial Condition Report.

Swiss Re has published the 2025 Financial Condition Report for the Swiss Re Group and its regulated re/insurance entities domiciled in Switzerland for the reporting period ended 31 December 2025. This Report provides qualitative and quantitative information about the financial condition

of the Group.

The report contains information on the Swiss Solvency Test (SST) and the financial condition of the Swiss Re Group and its Swiss-regulated re/insurance entities Swiss Reinsurance Company Ltd, Swiss Re Nexus Reinsurance Company Ltd and Swiss Re International SE, Luxembourg, Zurich branch.

The full report can be found here.