Swiss Re stock keeps 2026 target after nine-month profit rise
Published on 11/10/2026 at 18:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSwiss Re earnings support 2026 outlook
- Swiss Re reported nine-month net income of USD 4.2 billion, up 3% year on year.
- Management maintained its 2026 Group net income target of USD 4.5 billion.
- Life and Health Reinsurance led segment growth, while competitive Property and Casualty pricing remained a risk.
- The next scheduled corporate milestone is the presentation of 2027 financial targets on December 4, 2026.
Swiss Re stock traded at EUR 163.73 on Lang & Schwarz at 18:11 CET on Tuesday, November 10, 2026. That was 5.87% below the EUR 173.95 quote in the company's November 5 report, a separate comparison from the daily Xetra close.
Swiss Re reported its nine-month 2026 results on Thursday, November 5. In the Swiss Re announcement, the reinsurer reported net income of USD 4.2 billion, up 3% from USD 4.0 billion in the first nine months of 2025. Return on equity was 22.5%, while the insurance service result increased to USD 5.1 billion from USD 4.8 billion.
Profit growth meets mixed underwriting signals
Management kept its 2026 Group net income target at USD 4.5 billion and said the group and all business units remained on track. Swiss Re attributed the performance to strong contributions across its businesses, lower-than-expected natural catastrophe losses and solid investment income.
The segment picture was uneven. Life and Health Reinsurance increased net income 43% to USD 1.5 billion, supported by favourable US mortality experience. Corporate Solutions lifted net income 3% to USD 714 million and posted an 86.4% combined ratio.
Property and Casualty Reinsurance generated USD 2.2 billion of net income, down 6% amid competitive market conditions. Its combined ratio was 77.3%, while the unit continued to target a full-year ratio below 85%. Swiss Re also said its cost-reduction programme remained on track for USD 500 million of operating savings by 2028.
Next target update arrives in December
The next scheduled corporate milestone is the presentation of Swiss Re's 2027 financial targets on December 4, 2026. Investors will focus on reinsurance pricing, claims experience and the balance between underwriting results and investment income.
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More news and analyses are available in more news and analyses on Swiss Re stock.
Swiss Re stock facts
- Company: Swiss Re Ltd
- ISIN: CH0126881561
- Trading venue: Lang & Schwarz
- Quote: EUR 163.73 at 18:11 CET on Tuesday, November 10, 2026
- Prior report quote: EUR 173.95 at 18:13:36 CET on Thursday, November 5, 2026
