Swiss Re AG (OTCPK:SSREY) Q2 2025 Earnings Conference Call August 14, 2025 8:00 AM ET
Company Participants
Alexander Andreas M. Berger – Group Chief Executive Officer
Anders Malmstrom – Group Chief Financial Officer
Thomas Bohun – Head of Investor Relations
Conference Call Participants
Andrew Baker – Goldman Sachs Group, Inc., Research Division
Chris Hartwell – Unidentified Company
Darius Satkauskas – Keefe, Bruyette, & Woods, Inc., Research Division
Iain Pearce – BNP Paribas Exane, Research Division
James Austin Shuck – Citigroup Inc. Exchange Research
Kamran Mark Hossain – JPMorgan Chase & Co, Research Division
Michael Igor Huttner – Joh. Berenberg, Gossler & Co. KG, Research Division
Roland Pfänder – ODDO BHF Corporate & Markets, Research Division
Shanti Kang – BofA Securities, Research Division
Vinit Malhotra – Mediobanca—Banca di credito finanziario S.p.A., Research Division
William Fraser Hardcastle – UBS Investment Bank, Research Division
Operator
Good morning or good afternoon. Welcome to Swiss Re’s Half Year 2025 Results Conference Call. Please note that today’s conference call is being recorded.
At this time, I would like to turn the conference over to Andreas Berger, Group’s CEO. Please go ahead.
Alexander Andreas M. Berger
Thank you very much, and good morning or good afternoon to all of you. I appreciate you taking the time to join us today. So thank you for that. Before our group CFO, Anders Malmstrom, walks you through the details of our half year results, I’d like to start with some scene setting and brief remarks.
Today, we’re pleased to report a strong net income of USD 2.6 billion for the first half of 2025, resulting in an annualized ROE of 23%. All of our 3 business units delivered their fair share, and we also benefited from a solid investment result. The main driver of the fact that we were able to achieve around 60% of our
