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

Q3 2021 Swiss Re AG Earnings Call (Q&A) Transcript

Oct 29, 2021 / 12:00PM GMT

Release Date Price: €20.2 (+1.00%)

Transcript

Operator

Good morning or good afternoon. Welcome to the Swiss Re 9 Months 2021 Key Financial Data Conference Call. Please note, today's conference call is being recorded.

At this time, it's my pleasure to hand over to John Dacey, Group CFO. Please go ahead, sir.

John Robert Dacey

Swiss Re AG - Group CFO

Thank you very much, and good morning or good afternoon also from me to everyone. I'm here with Thierry Leger, the Chief -- Group Chief Underwriting Officer; and Thomas Bohun, our Head of Investor Relations.

As usual, I'll start with a brief overview of the key figures for the first 9 months that we published this morning. We're pleased to report a profit of $1.3 billion for the first 9 months of 2021, despite the significant large loss events and the ongoing burden from COVID-19. Driven by our focus on portfolio quality and the disciplined underwriting, P&C Re and Corporate Solutions produced excellent results with a combined profit of $1.9 billion and reported combined ratios of 97.5% and 91.1%, respectively. P&C Re and Corporate Solutions

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