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Link to original content: https://reports.swissre.com/2023/
Swiss Re 2023 Annual Report | Swiss Re Annual Report
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Swiss Re Annual Report ‘23

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Our 2023 Sustainability Report

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Group 8103
Business Units
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Property & Casualty Reinsurance

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Life & Health Reinsurance

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Corporate Solutions

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Global Clients & Solutions

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Group 8103

Annual Report


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Letter To Shareholders

"Swiss Re can look back on a successful year as it achieved all of its 2023 financial targets."

Read the letter to shareholders
Shareholder Letter Rgb 24K Vhigh Copy
Vision and strategy
Vision and strategy

We make the world more resilient

Cathy Desquesses discusses Swiss Re's people strategy – an integral part of how we are making the world more resilient.

Our vision and strategy
Market Context
Market Context

Swiss Re navigates a complex and changing external landscape

Velina Peneva discusses the current market trends and economic forces shaping Swiss Re's strategy.

Our market context
Sustainability

Swiss Re's Sustainability Report

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Swiss Re's Sustainability Report outlines our comprehensive sustainability strategy.

Our 2023 Sustainability Report

Read about Swiss Re's Business Units

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Property & Casualty Reinsurance

L&H Lead Image Gettyimages 1383393717 RGB 96Dpi

Life & Health Reinsurance

Corso Lead Image Gettyimages 571979257

Corporate Solutions

GCS Lead Image Gettyimages 1404531427 RGB 96Dpi

Global Clients & Solutions

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Annual Report 2023

Business Report

Business Report

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Financial Report

Financial Report (1)

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Sustainability Report

Sustainability Report (1)

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Business Report

Business Report

Download complete Business Report

Financial Report

Financial Report (1)

Download complete Financial Report

Sustainability Report

Sustainability Report (1)

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Group Results 2023

Group net income (USD)

3.2

billion
Group net premiums earned and fee income (USD)

45.0

billion
Group return on equity

22.3

%
Proposed ordinary dividend per share for 2023 (USD)

6.80

Group Swiss Solvency Test (SST) ratio as of 1 January 2024

306

%
Return on investments

3.4

%

Group financial targets

IFRS net income for 2024 (USD)

>3.6

billion
Multi-year IFRS return on equity

>14

%

Business Units

P&C Re net income 2023 (USD)

1.9

billion
L&H Re net income 2023 (USD)

976

million
Corporate Solutions net income 2023 (USD)

678

million
P&C Re net premiums earned 2023 (USD)

22.9

billion
L&H Re net premiums earned and fee income 2023 (USD)

15.6

billion
Corporate Solutions net premiums earned 2023 (USD)

5.5

billion

Business Unit targets for 2024

P&C Re IFRS combined ratio target for 2024

<87%

L&H Re IFRS net income target for 2024 (USD)

∼1.5 bn

Corporate Solutions IFRS combined ratio target for 2024

<93%

Financial Strength Ratings

Standard & Poor's (as of 1 November 2023)

AA–

(very strong)
Moody's (as of 18 December 2023)

Aa3

(excellent)
AM Best (as of 6 September 2023)

A+

(superior)

People and locations

Total regular employees as of 31 December 2023

14 719

Number of Swiss Re offices worldwide

78