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, Swiss Re International SE, Luxembourg, Zurich branch and iptiQ EMEA P&C S.A. Luxembourg, Zurich branch. The public disclosure of this report is a regulatory requirement pursuant to the Insurance Supervision Ordinance.
Swiss Re´s capital position remained strong, with the Group SST 2025 ratio at 257%. Compared to SST 2024, the ratio decreased by 12pp, mainly driven by a one-off impact of the transition from EVM to IFRS basis for SST, unfavourable underwriting contribution mainly from Life & Health Reinsurance, and dividends. These impacts were partially offset by a strong investment result and positive underwriting contribution in Property & Casualty Reinsurance and Corporate Solutions.
The Report provides qualitative and quantitative information about the financial condition of the Group and includes financial and risk management information already published in the Group’s 2024 Annual Report available under www.swissre.com/investors/financial-information.
The 2024 Financial Condition Report is available here.
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