Swiss Re Reports a Net Income of USD 2.1 Billion for H1 2024

Swiss Re announced a net income of USD 2.1 billion for the first half of 2024. The Property & Casualty Reinsurance (P&C Re) unit achieved a net income of USD 989 million with a combined ratio of 84.5%. Life & Health Reinsurance (L&H Re) reported a net income of USD 883 million. Corporate Solutions contributed with a net income of USD 435 million, and a combined ratio of 88.7%. The Group's return on investments stood at 4.0%.

For the second quarter of 2024, Swiss Re's profits reached USD 996 million, leading to a return on equity of 20.1%. Strong contributions from all business units bolstered the financial performance. The Group continues to meet its full-year targets, focusing on disciplined underwriting and capital allocation.