SSREF (Swiss Re AG) Net Cash per Share: $-56.04 (As of Dec. 2025)


SSREF Swiss Re AG SSREF
63 GF Score
Price $161.77
GF Value $133.23
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Swiss Re AG Net Cash per Share?

Swiss Re AG SSREF 63 Net Cash per Share is $-56.04 as of Dec. 2025. GuruFocus rates SSREF with a GF Score™ of 63/100 and a GF Value™ of $133.23 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 42 Insurance companies, Swiss Re AG ranks worse than 2380950% on this metric.

Net Cash per Share is calculated as Balance Sheet Cash And Cash Equivalents plus Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Swiss Re AG's Net Cash per Share for the quarter that ended in Dec. 2025 was $-56.04.

The historical rank and industry rank for Swiss Re AG's Net Cash per Share or its related term are showing as below:

SSREF's Price-to-Net-Cash is not ranked *
in the Insurance industry.
Industry Median: 6.97
* Ranked among companies with meaningful Price-to-Net-Cash only.

Swiss Re AG  (OTCPK:SSREF) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.


Swiss Re AG Net Cash per Share Related Terms


Swiss Re AG Net Cash per Share Historical Data

* Premium members only.

The historical data trend for Swiss Re AG's Net Cash per Share 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.

Swiss Re AG Net Cash per Share Chart

Swiss Re AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Cash per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -208.29 -73.12 -68.56 -53.08 -56.04

Swiss Re AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -68.56 -67.04 -53.08 -51.55 -56.04

SSREF vs RGA, EG, RNR: Net Cash per Share Comparison

For the Insurance - Reinsurance subindustry, Swiss Re AG's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Insurance Industry

For the Insurance industry and Financial Services sector, Swiss Re AG's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Swiss Re AG's Price-to-Net-Cash falls into.


SSREF
63GF Score
Swiss Re AG SSREF
Net Cash per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Swiss Re AG Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

Swiss Re AG's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as

Net Cash per Share (A: Dec. 2025 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(2743+89179-108268-181)/294.920
=-56.04

Swiss Re AG's Net Cash per Share for the quarter that ended in Dec. 2025 is calculated as

Net Cash per Share (Q: Dec. 2025 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(2743+89179-108268-181)/294.920
=-56.04

* 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.

Frequently Asked Questions Learn more about Net Cash per Share →
What does a Net Cash per Share of $-56.04 mean?
Swiss Re AG (SSREF) has a Net Cash per Share of $-56.04 as of Dec. 2025. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Swiss Re AG and its competitors. According to the industry distribution chart, Swiss Re AG ranks #999999 out of 42 companies in the Insurance industry.
Is Swiss Re AG's Net Cash per Share too high?
Swiss Re AG's current Net Cash per Share is $-56.04. Based on the distribution chart, Swiss Re AG ranks #999999 out of 42 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Swiss Re AG has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Swiss Re AG's Net Cash per Share compare to RGA and EG?
According to the Insurance industry distribution chart, Swiss Re AG ranks #999999 out of 42 companies for Net Cash per Share. This places Swiss Re AG in the lower half of its industry. The industry median Net Cash per Share is 6.97. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for an Insurance company?
The median Net Cash per Share among Insurance companies is 6.97, based on 42 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Swiss Re AG and its competitors. For the Insurance industry, the median Net Cash per Share is 6.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swiss Re AG's current Net Cash per Share is $-56.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swiss Re AG stock overvalued right now?
Based on GuruFocus' analysis, Swiss Re AG (SSREF) is currently considered Modestly Overvalued. The stock's GF Value™ is $133.23, compared to a current price of $161.77 — trading 21.4% above its estimated fair value. The current Net Cash per Share is $-56.04. Swiss Re AG's overall GF Score™ is 63/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Swiss Re AG (SSREF), the current Net Cash per Share is $-56.04 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Swiss Re AG (SSREF) Overvalued in 2026?

Based on GuruFocus' analysis, Swiss Re AG stock appears to be overvalued. The current stock price of $161.77 is trading 21.4% above its estimated GF Value™ of $133.23. GuruFocus considers Swiss Re AG to be Modestly Overvalued.

Key valuation signals for SSREF:

  • Net Cash per Share: $-56.04
  • GF Value™: $133.23 vs. price of $161.77 (21.4% above fair value)
  • GF Score™: 63/100 with 2 warning signs

No single metric tells the full story. See the SSREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Swiss Re AG Business Description

Address Mythenquai 50/60, Zurich, CHE, 8022
Swiss Re is a reinsurer that has three core divisions: P&C 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 capitalization, with 80 offices around the world and approximately 15,000 employees. While the business did lose its way in the early part of the millennium, led by an investment banker who heavily invested in securitizations, Swiss Re has recently focused on establishing quality within its three core divisions.
63GF Score

Get the complete analysis for SSREF

Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$161.77
Price
$133.23
GF Value