Swiss Re AG (XSWX:SREN)

CHF 112.05 0.85 (0.76%) Market Cap: 32.54 Bil Enterprise Value: 37.33 Bil PE Ratio: 12.12 PB Ratio: 2.33 GF Score: 76/100

Q3 2019 Swiss Re AG Earnings Call (Q&A) Transcript

Oct 31, 2019 / 01:00PM GMT

Release Date Price: CHF103.3 (-0.82%)

Transcript

Operator

Good morning or good afternoon. Welcome to Swiss Re's Nine Months 2019 Results Conference Call. Please note that today's conference call is being recorded.

At this time, I would like to turn the conference over to John Dacey, Group CFO. Please go ahead.

John Robert Dacey

Swiss Re AG - Group CFO

Thank you very much, and good morning or good afternoon to everyone from me as well. I'm here with Philippe Brahin, our Head of Investor Relations, to talk you through the Nine Month 2019 results.

Before we go to Q&A, allow me to make a few quick remarks on the release we put out this morning.

The Group reported a 23% increase in net income to $1.3 billion for the first 9 months of 2019 in spite of the elevated level of large claims from both natural catastrophes and man-made events. This result reflects the strength of our Reinsurance franchise, as well as excellent investment results, with a return on investments of 4.3% for the 9 months.

The Group's capital position remains very strong with an SST ratio of 241% at 1 July

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