Market Security & Analysis: Swiss Re Group Update
On July 29, 2022, Swiss Re Group (“Swiss Re”) announced financial results for the first half of 2022
(1H2022), which included net income of $157 million and ROE of 1.6%. These were down from the prior
year period (1H2021) of $1.0 billion and 8.2%, respectively, led mainly by “significantly lower investment
results as well as first-quarter reserves for the Ukraine war.i” The 1H2022 return on investments of 1.2%
(1H2021: 3.2%) was impacted by listed equity mark-to-market (MTM) losses of $426 million.
(1H2022), which included net income of $157 million and ROE of 1.6%. These were down from the prior
year period (1H2021) of $1.0 billion and 8.2%, respectively, led mainly by “significantly lower investment
results as well as first-quarter reserves for the Ukraine war.i” The 1H2022 return on investments of 1.2%
(1H2021: 3.2%) was impacted by listed equity mark-to-market (MTM) losses of $426 million.