Swiss Re AG (XSWX:SREN)
CHF 110.3 0.2 (0.18%) Market Cap: 32.03 Bil Enterprise Value: 36.80 Bil PE Ratio: 11.93 PB Ratio: 2.29 GF Score: 76/100

Q1 2019 Swiss Re AG Earnings Call (Q&A) Transcript

May 03, 2019 / 12:00PM GMT
Release Date Price: CHF94.56 (-3.06%)
Operator

Good morning or good afternoon. Welcome to Swiss Re's First Quarter 2019 Key Financial Data Conference Call. Please note that today's conference call is being recorded. At this time, I would like to turn the conference over to John Dacey, Group CFO. Please go ahead.

John Robert Dacey
Swiss Re Ltd - Group CFO

Thank you very much. And again, good morning, or afternoon, everybody, from me. I'm here with Philippe Brahin, the Head of Investor Relations.

Before we go to Q&A, I'd like to start with a brief overview of the key figures we published this morning. Swiss Re reported a net income of USD 429 million for the first quarter of 2019. The results are clearly a mix of excellent performance in Life & Health Reinsurance, very strong investment results, partly offset by large losses in the P&C businesses. The net premiums earned for the group were USD 8.8 billion, an increase of 5.5% year-on-year or 9.4% in constant exchange rates, reflecting attractive growth in all of our business units.

The P&C Re net income was USD 13 million.

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