Swiss Re AG

Swiss Re maintains a conservative capital structure with total equity of $25.56 billion against total liabilities of $108.45 billion. The debt-to-equity ratio stands at 0.35, indicating low leverage relative to equity. Cash and equivalents total $2.74 billion, while long-term debt is $8.91 billion, resulting in a negative net cash position. Operating cash flow is $3.07 billion, supporting a free cash flow of $2.64 billion. The current liquidity risk is assessed as medium, reflecting the balance between cash holdings and debt obligations.

Profitability metrics show a return on equity of 18.55% and a return on assets of 3.54%. Net income is $4.74 billion on operating income of $5.89 billion. The company trades at a price-to-earnings ratio of 7.56 and a price-to-book ratio of 1.40. The EV/EBITDA multiple is 7.13, suggesting a valuation consistent with mature financial institutions. Without cohort median data, these returns are evaluated against general industry standards for reinsurers, where ROE above 15% is typically considered strong.

Segment and geographic revenue mix data is not provided in the available source documents. The analysis relies on the aggregate financial snapshot for performance assessment. The company’s activity is defined as multiline insurance and brokers, implying diversified exposure across various insurance lines.

Historical period data for revenue and net income trends is not available in the input. The current financial snapshot reflects the latest normalized period, with no prior year comparisons provided to establish growth trajectory.

Risk assessment indicates medium dilution risk, with source documents mentioning dilution or offering risk. The key flag notes that net cash is negative after subtracting total debt, which may impact financial flexibility. Liquidity risk is also rated as medium, requiring monitoring of cash flow generation against debt service requirements.

Recent IR observations show a mean analyst price target of $126.60, with a median of $120.00. The mean recommendation is 3.10, indicating a neutral stance, with 1 strong buy, 3 buy, and 9 hold ratings. The high price target is $160.00, and the low is $110.00, reflecting a wide range of analyst expectations.

There are no material changes to report for Swiss Re AG (SRENH.S) based on the available data. The analysis indicates no significant shifts in the company's profile compared to prior assessments, with no new events, ratings, or holder changes identified in the provided facts. The company continues to be covered by 11 analysts, maintaining a consistent level of professional scrutiny. However, there is no current data regarding index membership, top institutional holders, or specific officer counts to provide further context on market positioning or governance structure. News activity surrounding the entity has been minimal and sporadic over the recent period. Dispatches were recorded on isolated dates, including June 28, July 2, July 3, July 6, and July 8, 2026, but these instances did not generate measurable sentiment signals or indicate a surge in media attention. Broader thematic discussions, such as those regarding AI ethics, software resilience, US-Iran nuclear talks, and Colombia fuel subsidies, show low intensity scores and negligible direct linkage to Swiss Re AG in this dataset. Consequently, the company's immediate outlook remains stable, defined by the absence of new material developments rather than specific positive or negative catalysts.

Operating income +52,0% YoY; Net income +46,2% YoY.

• ▍Operating income +52,0% YoY
• ▍Net income +46,2% YoY
• ▍Free cash flow +102,3% YoY

Operating income +7,3% YoY; Net income +4,2% YoY.

• ▍Operating income +7,3% YoY
• ▍Net income +4,2% YoY
• ▍Free cash flow −2,4% YoY

Operating income +150,6% YoY; Net income +559,1% YoY.

• ▍Operating income +150,6% YoY
• ▍Net income +559,1% YoY
• ▍Free cash flow +245,3% YoY

Operating income −13,3% YoY; Net income −67,2% YoY.

• ▍Operating income −13,3% YoY
• ▍Net income −67,2% YoY
• ▍Free cash flow −471,0% YoY

Operating income $1.66B.

• ▍Operating income $1.66B