Magazine date:
Nov 2023 
Fitch Ratings [4] has upgraded Swiss Re's rating outlook from stable to positive. The agency has also affirmed Swiss Re's A+ financial strength rating (IFS) and A long-term issuer default rating (IDR).
This revision is reflective of Swiss Re [5]'s strongly improved financial performance, solid capitalization and very favorable business profile.
For the first nine months of 2023, the Swiss reinsurer was back on track. It recorded a net profit of 2.5 billion USD, against a net loss of 285 million USD a year earlier. Over the same period, the P&C class of business's combined ratio dropped from 106% to 94%.