Q1 2026 Swiss Re AG Earnings Call Transcript

May 07, 2026 / 12:00PM GMT
Release Date Price: $158.08 (-2.21%)
Operator

Good morning or good afternoon. Welcome to Swiss Re's Q1 2026 results conference call and live webcast. Please note that today's conference call is being recorded.

At this time, I would like to turn the conference over to Andreas Berger, Group CEO. Please go ahead.

Andreas Berger
Swiss Re AG - Group Chief Executive Officer, Member of the Group Executive Committee

Thank you very much, and good morning or good afternoon to all of you. I appreciate you taking the time to join us today. Before our Group CFO, Anders Malmstrom, walks you through the details of our first quarter results, as usual, I would like to start with some brief remarks. We've made a strong start to 2026, delivering a net income of USD1.5 billion in the first quarter. This represents one third of our full year net income target of USD4.5 billion and positions us well for the remainder of the year. The annualized ROE for the quarter amounted to 24%. All business units contributed to this result, also helped by a good investment contribution.

Both P&C businesses delivered

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