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

Q2 2023 Swiss Re AG Earnings Call Transcript

Aug 04, 2023 / 12:00PM GMT

Release Date Price: €22.4 (-1.75%)

Transcript

Operator

Good morning or good afternoon. Welcome to Swiss Re's Half Year 2023 Results Conference Call. Please note today's conference call is being recorded. At this time, it's my pleasure to hand over to Christian Mumenthaler, Group CEO. Please go ahead, sir.

Christian Mumenthaler

Swiss Re AG - Group CEO

Good morning, good afternoon, and good evening to all of you. Thank you for joining our call. I'm here with John Dacey, our Group CFO; and Thomas Bohun, our Head of Investor Relations, to talk you through the Half Year results. As usual, I will make a few remarks at the beginning, which tried to summarize a little bit my view on the results before we open up for Q&A.

So we are reporting a solid H1 results today, which put us, let's say, in line to achieve our $3 billion net income target for 2023, which continues to be our top priority. There's 2 main structural factors helping us vis-a-vis the previous years, of course. The first one is interest rates. So the increase in interest rates is very, very significant. So the asset side is contributing much

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