AM Best confirms Swiss Re's rating

AM Best has confirmed the “A+” (superior) financial strength and “aa” long-term credit ratings of Swiss Re and its operating subsidiaries. The outlook is stable.

The rating recognizes the Swiss group's solid balance sheet, strong operating performance, very favorable business profile and solid enterprise risk management.

In the first half of 2024, Swiss Re posted a net profit of 2.1 billion USD, against 1.8 billion USD for the same period in 2023. This growth in earnings is mainly due to the corrective underwriting measures taken by the reinsurer in recent years, and to the good performance of the life and health business (L&H Re).

AM Best also commends the company's sound asset-liability management and excellent financial flexibility.

According to the rating agency, Swiss Re's underwriting performance should remain robust thanks to favorable market conditions and an efficient underwriting policy.