Swiss Re AG (Swiss Re AG) Claims Ratio % : 0.00% (As of . 20)

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What is Swiss Re AG Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

Swiss Re AG's Claims Ratio % for the annual that ended in Dec. 2022 was 74.20% , which is higher than 66.20% for the pervious year ended in Dec. 2021.

The historical rank and industry rank for Swiss Re AG's Claims Ratio % or its related term are showing as below:

SSREY's Claims Ratio % is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

Swiss Re AG Claims Ratio % Historical Data

The historical data trend for Swiss Re AG's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Swiss Re AG Claims Ratio % Chart

Swiss Re AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Claims Ratio %

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Expense Ratio %

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Combined Ratio %

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Competitive Comparison of Swiss Re AG's Claims Ratio %

For the Insurance - Reinsurance subindustry, Swiss Re AG's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Swiss Re AG (OTCPK:SSREY) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %

Total Claims

Total Premiums Earned

100%

Swiss Re AG (OTCPK:SSREY) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Swiss Re AG Claims Ratio % Related Terms

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Swiss Re AG (Swiss Re AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Swiss Re AG (OTCPK:SSREY) » Definitions » Claims Ratio %

Comparable Companies

Traded in Other Exchanges

SSREF:USA SREN:Mexico SRENz:UK SR9A:Germany SREN:Switzerland

Address

Mythenquai 50/60, Zurich, CHE, 8022

Website

https://www.swissre.com

Swiss Re is a reinsurer that has three core divisions: property and casualty reinsurance, life and health reinsurance, and corporate solutions. Swiss Re was founded in 1863 when the general manager of Helvetia sought to stem the flow of reinsurance premiums outside Switzerland. Moritz Grossmann argued he could cut the premiums paid to foreign firms, still make a profit, and pay mid-single-digit dividends. Swiss Re is now the second-largest reinsurer in the world by market cap, has 80 offices globally, and employs nearly 15,000 people. While the business did lose its way in the early part of the millennium, led by an ex-investment banker who took the business heavily into securitizations, lately Swiss Re has been focused on establishing quality within its three core divisions.

Swiss Re AG (Swiss Re AG) Headlines

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