Swiss Re proposes increased dividend of USD 6.80 per share, supported by strong capital position - Seite 2

Swiss Re's total economic net worth (ENW) increased to USD 32.8 billion as of 31 December 2023 from USD 31.1 billion as of 31 December 2022. ENW per share was USD 112.89 as of 31 December 2023. ENW per share growth amounted to 10.8% in 2023.

Swiss Re reported a total contribution to ENW of USD 3.2 billion in 2023, compared with USD –1.6 billion in 2022. The result in 2023 reflects strong new business performance from Property & Casualty Reinsurance (P&C Re), Life & Health Reinsurance (L&H Re) and Corporate Solutions, as well as a good investment result. This was partially offset by adverse developments in previous years' business, especially in L&H Re due to assumption updates, and adverse mortality experience in the US.

With the adoption of IFRS as the new accounting basis as of 2024, Swiss Re will discontinue EVM reporting.

Publication of the Annual Report 2023 and the Sustainability Report 2023

Swiss Re today published its Annual Report 2023, consisting of the Business Report and the Financial Report, as well as its Sustainability Report 2023. The Business Report explores how Swiss Re's Business Units delivered on their financial targets in 2023, while also creating value for Swiss Re's stakeholders as Swiss Re navigated geopolitical instability, economic turmoil and elevated natural catastrophe risks. The Financial Report includes the audited consolidated and statutory financial statements of Swiss Re Ltd for 2023.

The Sustainability Report describes the Group Sustainability Strategy and its implementation across Swiss Re in 2023. It specifically describes progress made with regards to the Group's net-zero transition, such as setting new underwriting decarbonisation targets. The Sustainability Report will be submitted for the first time for a consultative vote to the AGM 2024.

Both the Annual Report 2023 and the Sustainability Report 2023 are available on Swiss Re's Annual Report website. In addition, the Swiss Reinsurance Company Ltd Annual Report 2023 is available here.

Swiss Re 2024 AGM

Swiss Re will propose the election of a new Chair of the Board of Directors at the AGM. Swiss Re's Board of Directors proposes the re-election of Jacques de Vaucleroy as a member of the Board of Directors and his election as the new Chairman of the Board of Directors for a one-year term. Jacques de Vaucleroy has been chairing the Board in his role as Vice Chairman since Sergio P. Ermotti's resignation on 30 April 2023. Jacques de Vaucleroy first joined Swiss Re's Board of Directors in 2017 and has over 30 years' experience in the insurance industry.