Swiss Re Sets $4.4 Billion Net Income Goal for 2025
(Reuters) -Swiss reinsurer Swiss Re on Friday said it is targeting net income of $4.4 billion for 2025, compared to a mean net income estimate of $4.42 billion for 2025 provided by LSEG.
The company said its property and casualty reinsurance business targets a reported combined ratio of less than 85% for 2025, while its life and health reinsurance is expected to generate net income of $1.6 billion.
The world's second biggest reinsurer expects dividend per share growth of 7% or more per year over the next three years.
Swiss Re also said it aims for a combined ratio of less than 91% in its corporate solutions business, which offers tailored insurance to big companies.
"We have taken decisive actions in 2024 to increase the resilience of our business," CEO Andreas Berger said in a statement.
(Reporting by Bernadette Hogg, Editing by Friederike Heine)