Swiss Re: stock down after annual results

(CercleFinance.com) - Swiss Re shares are down over 1% in Zurich today, even after the Swiss reinsurer reported an increase in net income to $3.
2bn for 2023, representing a return on equity (ROE) of 22.3% for the full year.

Improved pricing adequacy in general insurance following major renewals and our underwriting discipline have helped us manage high losses from natural catastrophes, management said.

For 2023 a 6% dividend increase to $6.80 per share will be proposed at the AGM on 12 April. For 2024, Swiss Re is targeting IFRS-compliant group net income of over $3.6bn.


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