Swiss Re: results at end-September 2025

Swiss Re closed the first three quarters of 2025 with a net profit of 4.037 billion USD, an increase of 85% compared with 2.182 billion USD a year earlier.

Insurance revenue declined by 5% to 31.999 billion USD.

The company’s equity amounted to 24.324 billion USD. Return on equity (ROE) rose from 13.3% as of 30 September 2024 to 22.5% twelve months later.

The solvency ratio of 268% exceeds the optimal range of 200%–250%.

P&C Re, the group’s non-life division, reported a net result of 2.3 billion USD, compared with 607 million USD in the same period in 2024. This sharp improvement is attributable to low natural catastrophe losses in the second and third quarters, along with strong investment performance.

The non-life combined ratio improved by 15.2 points, reaching 77.6%.

For the full year 2025, Swiss Re expects a net profit of 4.4 billion USD.