Despite the high number of claims due to natural disasters [4], Swiss Re recorded increasing results during the first nine months of 2019 compared to the same period of 2018. At the group level, the net earned premiums amounted to 28.44 billion USD with a growth rate of 10.2%.
The ROE rose from 4.7% in the first nine months of 2018 to 6% one year later. The shareholder's equity grew sharply, with 31.68 billion USD in 2019 against 28.995 billion USD in 2018. P&C insurance reported a premium growth of 16.5% in 2019 with a slightly increasing combined ratio of 1.9 points, that 95.5% in 2018, compared to 101.4 in 2019. In contrast to P&C division, life and health insurance witnessed a slight decline with net earned premiums going from 9.502 billion USD in 2018 to 9.494 billion USD one year later.
It is corporate solutions which had the worst performance within the group. Premium growth increased from 2.887 billion USD in the first nine months of 2018 to 3.105 billion USD for the same period in 2019. Despite this premium growth, the negative result for 2018 (-5 million USD) became worse in 2019 (-441 million USD).
Read also | Ranking of global reinsurers [5]