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Swiss Reinsurance Company Group

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Magazine Issue: 
Insurers up against cyber risks [3]
Magazine date: 
Jun 2021
Swiss Re
Date of creation: 19 December 1863, Zurich, Switzerland
Classes of business: Life and non-life
Regional presence: Worldwide
Number of employees: 13 200

(1) Swiss Reinsurance Company Group includes Swiss Reinsurance Company Ltd (SRZ), the parent company based in Zurich, and 34 subsidiaries and associated companies operating in 17 countries.

Swiss Reinsurance Company Group: contact

Head office: Mythenquai 50/60, P.O. Box 8022, Zurich, Switzerland
Phone: +41 43 285 2121
Fax: +41 43 285 2999
E-mail : media_relations [at] swissre [dot] com
Website: www.swissre.com [4]

Swiss Reinsurance Company Group: rating

AgencyRatingOutlook
Standard & Poor'sAA-Negative
A.M. BestA+Stable
Moody’sAa3Stable

Swiss Reinsurance Company Group: in 2020

Share capital *
10 072 million USD
Turnover
38 623 million USD
Assets
164 737 million USD
Shareholder’s equity
17 853 million USD
Net result
-438 million USD**
Non-life loss ratio
78.74%
Non-life management expenses ratio
30.51%
Non-life combined ratio
109.25%

* Including additional paid-in capital
** After taking into account minority shareholdings

Read also | Swiss Re: net profit in Q1 2021 [5]

Swiss Reinsurance Company Group: management

Sergio P. Ermotti
Christian Mumenthaler
Sergio P. Ermotti
Chairman of the Board of Directors
Christian Mumenthaler
CEO

Sergio P. ErmottiChairman of the Board of Directors
Christian MumenthalerGroup CEO
Andreas BergerCEO Corporate Solutions
Anette BronderChief Operating Officer
John R. DaceyChief Financial Officer
Urs BaertschiCEO of EMEA Reinsurance and EMEA Head of Operations
Moses OjeisekhobaReinsurance CEO

Read also | Swiss Re: new appointments [6]

Swiss Reinsurance Company Group: Shareholding as at 31/12/2020

ShareholdingIn %
Institutional shareholders62.0%
Individual shareholders23.9%
Swiss Re employees4.1%

Swiss Reinsurance Company Group: main technical highlights

Figures in millions USD
Highlights20162017201820192020
Gross written premiums
31 66730 00931 18236 64238 623
* Non-life gross written premiums
18 17316 56916 54521 56221 512
* Life and health gross written premiums
12 80113 31314 52714 45215 067
* Other operations
6931271106282 044
Net written premiums
29 71527 86328 74634 75036 336
Net non-life written premiums
17 76816 03116 09820 88220 636
Earned premiums
28 99328 52528 77833 16535 842
Non-life earned premiums
17 00816 66716 09519 27520 832
Incurred losses
10 29913 17211 61414 78216 593
Non-life incurred losses
10 30113 17211 61414 78316 403
Management expenses
8 8558 6918 2099 3229 924
Non-life management expenses
5 6095 4125 1265 9996 297
Non-life loss ratio (1)
60.57%79.03%72.16%76.70%78.74%
Non-life management expenses ratio (2)
31.57%33.76%31.84%28.73%30.51%
Non-life combined ratio (3)
92.14%112.79%104.00%105.43%109.25%
Net result after taxes (4)
3 111-1970998-438

(1) Non-life loss ratio = Non-life incurred losses / non-life earned premiums
(2) Non-life management expenses ratio = Non-life management expenses / Net non-life written premiums
(3) Non-life combined ratio = Non-life loss ratio + Non-life management expenses ratio
(4) After taking into account minority shareholdings

Swiss Reinsurance Company Group: turnover breakdown per class of business

Figures in millions USD
Class of business201620172018201920202020 shares
Accident
8 8747 7157 59510 4979 44524.45%
Property damage
6 8156 5276 4037 9279 00123.31%
Special risks
2 4842 3272 5473 1383 0667.94%
Total non-life
18 17316 56916 54521 56221 51255.70%
Life and health
12 80113 31314 52714 45215 06739.01%
Other operations
9971271101 5612 3145.99%
Readjustment
-304---933-270-0.70%
Grand total31 66730 00931 18236 64238 623100%

Breakdown of 2020 turnover per class of business

Swiss Re turnover 2020

Swiss Reinsurance Company Group: net written premiums per class of business

Figures in millions USD
Class of business201620172018201920202019-2020 evolution
Accident
8 8337 6657 54810 4529 364-10.41%
Property damage
6 4996 1156 0477 3298 27812.95%
Special risks
2 4362 2512 5033 1012 994-3.45%
Total non-life
17 76816 03116 09820 88220 636-1.18%
Life and health
11 45911 82612 64712 73413 6577.25%
Other operations
488611 1342 04380.16%
Grand total29 71527 86328 74634 75036 3364.56%

Swiss Reinsurance Company Group: earned premiums per class of business

Figures in millions USD
Class of business201620172018201920202019-2020 evolution
Accident
8 0038 1007 6649 2869 6093.48%
Property damage
6 6526 2556 0297 2078 25014.47%
Special risks
2 3532 3122 4022 7822 9736.87%
Total non-life17 00816 66716 09519 27520 8328.08%
Life and health11 48611 85112 68312 83513 7256.93%
Other operations4997-1 0551 28521.80%
Grand total28 99328 52528 77833 16535 8428.07%

Swiss Reinsurance Company Group: non-life incurred losses per class of business

Figures in millions USD
Class of business201620172018201920202019-2020 evolution
Accident
5 4666 0415 8607 6757 570-1.37%
Property damage
3 7455 6354 2845 3286 78527.35%
Special risks
1 0901 4961 4701 7802 04815.06%
Total10 30113 17211 61414 78316 40310.96%

Swiss Reinsurance Company Group: non-life management expenses per class of business

Figures in millions USD
Class of business201620172018201920202019-2020 evolution
Accident
2 8532 7702 6163 1533 1720.60%
Property damage
2 0161 8641 7361 9752 24113.47%
Special risks
7407787748718841.49%
Total5 6095 4125 1265 9996 2974.97%

Swiss Reinsurance Company Group: non-life loss ratio per class of business

Class of business20162017201820192020
Accident
68.30%74.58%76.46%82.65%78.78%
Property damage
56.30%90.09%71.06%73.93%82.24%
Special risks
46.32%64.71%61.20%63.98%68.89%
Total non-life60.57%79.03%72.16%76.70%78.74%

Swiss Reinsurance Company Group: non-life management expenses ratio per class of business

Class of business20162017201820192020
Accident
32.30%36.14%34.66%30.17%33.87%
Property damage
31.02%30.48%28.71%26.95%27.07%
Special risks
30.38%34.56%30.92%28.09%29.53%
Total non-life31.57%33.76%31.84%28.73%30.51%

Swiss Reinsurance Company Group: Non-life combined ratios per class of business

Class of business20162017201820192020
Accident
100.60%110.72%111.12%112.82%112.65%
Property damage
87.32%120.57%99.77%100.88%109.31%
Special risks
76.70%99.27%92.12%92.07%98.42%
Total non-life92.14%112.79%104.00%105.43%109.25%
Tue, 29/06/2021 - 09:13

Source URL: https://www.atlas-mag.net/en/article/swiss-reinsurance-company-group

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[4] https://www.swissre.com/
[5] https://www.atlas-mag.net/en/article/swiss-re-333-million-usd-of-net-profit-in-q1-2021
[6] https://www.atlas-mag.net/en/article/swiss-re-new-appointments