Swiss Re proposes increased dividend of USD 6.80 per share, supported by strong capital position

Swiss Re Ltd / Key word(s): AGMEGM Swiss Re proposes increased dividend of USD 6.80 per share, supported by strong capital position 13-March-2024 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Article 53 LR

• Swiss Re proposes to re-elect Jacques de Vaucleroy as a member of the Board of Directors and elect him as new Chairman of the Board of Directors for a one-year term
• Swiss Re proposes to elect Geraldine Matchett as a new member of the Board of Directors for a one-year term
• Swiss Re maintains a strong capital position; Group Swiss Solvency Test (SST) ratio of 306% as of 1 January 2024

Zurich, 13 March 2024 – Swiss Re today published its Annual Report, Sustainability Report for 2023 and the notice for the upcoming Annual General Meeting of shareholders (AGM) on 12 April 2024.

Consistent with its capital management priorities, Swiss Re continues to focus on ensuring superior capitalisation while remaining committed to its capital return policy and deploying capital to profitable growth opportunities. The Group's capital position remains strong with a Group SST ratio of 306% as of 1 January 2024. When combined with a positive business outlook, Swiss Re's Board of Directors decided to propose a 6% dividend increase to USD 6.80 per share.

Swiss Re's Vice Chairman Jacques de Vaucleroy said: "Swiss Re can look back on a successful year as it achieved all of its 2023 financial targets. This strong result in a demanding environment demonstrates that our business model is intact, enabling us to continue providing the sophisticated risk knowledge and peak risk capacity that our clients require to navigate existing and future perils."

Swiss Re's Economic Value Management (EVM) results

EVM is Swiss Re's proprietary integrated economic valuation and steering framework, which consistently measures economic performance across all businesses.