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

Q3 2022 Swiss Re AG Earnings Call Transcript

Oct 28, 2022 / 12:00PM GMT
Release Date Price: CHF75.42 (-2.36%)
Operator

Good morning or good afternoon. Welcome to Swiss Re's 9 Months 2022 Results 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 AG - Group CFO

Thank you very much, and good morning or good afternoon to everyone from me as well. I'm here with Thierry Leger, our Group Chief Underwriting Officer; and Thomas Bohun, the Head of our Investor Relations team.

Before we go to Q&A, allow me to make a few quick remarks on the release we put out this morning. The third quarter has been challenging for our P&C reinsurance business. The reported combined ratio was impacted by Hurricane Ian, in particular, as well as prior year impacts. On the latter, Slide 4 of our investor presentation provides a breakdown of our year-to-date technical result from prior years.

We have set up economic inflation IBNRs in our property specialty motor lines to reflect higher actual and expected inflation for

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