Swiss Re AG (STU:SR9A)

€ 35.2 0 (0%) Market Cap: 40.89 Bil Enterprise Value: 45.59 Bil PE Ratio: 11.97 PB Ratio: 1.78 GF Score: 71/100

Q1 2021 Swiss Re AG Earnings Call Transcript

Apr 30, 2021 / 12:00PM GMT

Transcript

Operator

Good morning or good afternoon. Welcome to Swiss Re's First Quarter 2021 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, and good morning or good afternoon to everyone on the line. I'm here today with Thierry Leger, our Chief Underwriting Officer; and Thomas Bohun, our Head of Investor Relations.

As usual, I'll start with a brief overview of the key figures we published this morning.

Swiss Re had a strong start to 2021 with the first quarter net income of $333 million. This resilient result has to be seen in the context of a quarter that sadly witnessed the highest pandemic death toll to date in our 2 largest Life & Health markets, the United States and the U.K. Excluding COVID-related losses, the group achieved a net income of $843 million.

P&C Reinsurance reported a net income of $477 million, benefiting from significantly -- benefiting

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