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One of the world's largest reinsurers, providing property/casualty and life/health reinsurance and risk-transfer solutions to insurers.
One of the world's largest reinsurers, providing property/casualty and life/health reinsurance and risk-transfer solutions to insurers.
Insures insurers: it takes a share of their risks for premiums, much of it renewed once or twice a year, and invests the premiums until claims arrive, so catastrophes cause the swings. It also writes life and health reinsurance, where contracts run for decades, and sells direct commercial cover through Corporate Solutions.
In one line: A giant reinsurer, like a bigger RenaissanceRe or Everest Group.
Moat: narrow (scale, brand, data). Large capital base and decades of loss data support underwriting scale, but reinsurance pricing is cyclical.
Headquarters: Zurich, Switzerland · Founded: 1863 · Employees: 14,893
Size Swiss Re (SREN.SW) is a Switzerland Financials company (Multi-Line Insurance) with a market value of $50.6B, the 10th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 151.95 on 6 Nov 2026.
Performance Over six months the shares gained 26.8%, against +14.9% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue fell 11.5% over the last twelve months (peer median +10.4%); the operating margin is 13.9% (peer median 17.3%).
Valuation It trades at 2.27× book value against a peer median of 1.78× (7th most expensive of 21).
Price implies The share price implies a return on equity of about 6.1%; Swiss Re delivers 20.4%, so the price asks less than the business earns today.
Next results Next results expected around 26 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 37.3B | CHF 39.6B | CHF 44.2B | CHF 42.7B | CHF 44.2B |
| Revenue growth | — | -10% | +4% | -3% | — |
| Net income | CHF 3.86B | CHF 3.83B | CHF 2.80B | CHF 2.73B | CHF 451M |
| Free cash flow | CHF 1.81B | CHF 2.51B | CHF 2.76B | CHF 3.79B | CHF 2.51B |
| Capital expenditure | CHF 0 | CHF 0 | CHF 0 | CHF 0 | CHF 0 |
| Total debt | n/a | CHF 7.97B | CHF 8.00B | CHF 8.68B | CHF 10.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Swiss Re SREN.SW | $50.6B | +27% | -12% | 20% | 2.27× | 6.1% |
| Munchener Ruckversicherungs-Gesellschaft MUV2.DE | $80.3B | +22% | 0% | 21% | 2.13× | 9.0% |
| Hannover Rueck HNR1.DE | $39.6B | +24% | -2% | 22% | 2.66× | 8.3% |
| RenaissanceRe RNR | $14.0B | +16% | -21% | 13% | 1.34× | 7.5% |
| Everest EG | $15.2B | +18% | -9% | 13% | 1.08× | 6.6% |
| Berkshire Hathaway BRK-B | $1.22T | +20% | +4% | 12% | 1.64× | 10.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SREN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.8% | +3.5% | 8th highest of 21 |
| 6-month return | +26.8% | +14.9% | 2nd highest of 21 |
| Return on equity | 20.4% | 16.3% | 2nd highest of 21 |
| Price / book | 2.27× | 1.78× | 7th most expensive of 21 |
| Trailing P/E | 11.7× | 11.8× | 11th cheapest of 21 |
| ROE the price implies | 6.1% | 10.9% | 3rd least demanding of 21 |
| ROE delivered | 20.4% | 16.3% | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Swiss Re SREN.SW | Switzerland | $50.6B | +27% | -12% | 20% | 2.27× | 6.1% | 20.4% |
| People's Insurance Co. (Group) of China 1339.HK | Hong Kong | $46.1B | -2% | +11% | 18% | 0.60× | 5.6% | 18.1% |
| Great-West Lifeco GWO.TO | Canada | $57.4B | +18% | +4% | 16% | 3.02× | 15.7% | 16.0% |
| Ms&ad Ins Gp Hldgs 8725.T | Japan | $44.4B | +22% | +21% | 17% | 1.07× | 6.9% | 16.6% |
| China Pacific Insurance (Group) 601601.SS | China | $42.6B | -14% | +4% | 14% | 0.93× | 8.2% | 14.4% |
| Aflac AFL | United States | $62.2B | +10% | +14% | 17% | 2.06× | 12.5% | 16.9% |
| MetLife MET | United States | $62.4B | +27% | +9% | 13% | 2.28× | 16.2% | 13.2% |
| Fubon Financial Hldg 2881.TW | Taiwan | $62.7B | +66% | +12% | 16% | 1.66× | 7.4% | 16.0% |
| Power Corporation of Canada POW.TO | Canada | $40.7B | +16% | +10% | 11% | 2.42× | 15.9% | 11.0% |
| American International AIG | United States | $40.7B | +2% | +1% | 8% | 1.04× | 7.5% | 8.2% |
| Sun Life Financial SLF.TO | Canada | $40.1B | +7% | -1% | 13% | 2.38× | 13.7% | 13.5% |
| Allstate ALL | United States | $64.4B | +20% | +6% | 46% | 2.04× | 9.9% | 46.1% |
| Sompo 8630.T | Japan | $39.6B | +17% | +41% | 15% | 1.14× | 6.2% | 14.6% |
| Arch Capital ACGL | United States | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% | 18.7% |
| Prudential plc Sponsored ADR PUK | United States | $31.7B | -21% | +39% | 19% | 1.56× | 11.4% | 19.2% |
| Prudential 2378.HK | Hong Kong | $30.8B | -24% | +30% | 19% | 1.54× | 11.3% | 19.3% |
| Aviva AV..L | United Kingdom | $29.5B | +18% | +86% | 7% | 2.46× | 23.8% | 6.8% |
| Cincinnati Financial CINF | United States | $28.5B | +15% | +10% | 17% | 1.76× | 10.6% | 16.9% |
| W. R. Berkley WRB | United States | $27.9B | +16% | +1% | 19% | 2.91× | 12.8% | 19.2% |
| Helvetia Baloise HBAN.SW | Switzerland | $27.0B | +5% | +54% | 4% | 1.80× | 4.8% | 4.0% |
| Axa CS.PA | France | $103B | +13% | +11% | 19% | 2.24× | 17.8% | 19.0% |