Swiss Re proposes increased dividend of USD 7.35 per share, supported by solid results and strong capital position
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Swiss Re Ltd / Key word(s): AGMEGM Ad hoc announcement pursuant to Article 53 LR
Zurich, 13 March 2025 – Swiss Re today published its Annual Report 2024, Sustainability Report 2024 and the invitation for the upcoming Annual General Meeting of shareholders (AGM) on 11 April 2025. 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 257% as of 1 January 2025. As a result of this position, solid 2024 financial results and a positive business outlook, Swiss Re's Board of Directors decided to propose a dividend of USD 7.35 per share, which represents an 8% increase. Swiss Re's Chairman Jacques de Vaucleroy said: "In 2024, Swiss Re strengthened the foundations of its business while focusing on disciplined underwriting and cost efficiency. In the current heightened risk environment, our increased resilience allows us to continue to provide peak risk capacity and risk knowledge to our clients while creating value for our shareholders." Publication of the Annual Report 2024 and the Sustainability Report 2024 The Sustainability Report describes the Group Sustainability Strategy and its implementation across Swiss Re in 2024. In line with the new requirements of the Swiss Climate Ordinance, the report for the first time includes the Climate Transition Plan, which outlines Swiss Re's strategy to achieve Group-wide net zero greenhouse gas emissions by 2050. Swiss Re 2025 AGM Morten Hübbe was Group CEO of Tryg, Scandinavia’s largest non-life insurer, from 2011 to 2023, and its Group CFO from 2002 to 2011. Prior to that, he worked at Zurich Insurance Group and Almindelig Brand Insurance in Denmark. He is currently Chairman of the Boards of Conscia and Trustly. Morten Hübbe is a Danish citizen born in 1972. He holds a Master’s degree in Finance and Accounting from Copenhagen Business School. George Quinn was Group CFO at Zurich Insurance Group from 2014 until 2024. Prior to that, he held various leadership roles at Swiss Re, most recently as Group CFO from 2007 to 2014. His career began in 1988 at KPMG in London. George Quinn is a British citizen born in 1966. He earned his degree in engineering from the University of Strathclyde Scotland. Swiss Re's Chairman Jacques de Vaucleroy said: "We are delighted to attract two outstanding industry professionals for election to our Board of Directors. Morten Hübbe and George Quinn bring extensive insurance experience, strong expertise in our core business and proven strategic skills. I would also like to thank Philip Ryan and Sir Paul Tucker for their great dedication and strong contributions to Swiss Re's strategic development over the past years." Furthermore, the invitation for the 2025 AGM, published by the Board of Directors, includes but is not limited to:
This year's AGM will be held at 09:30 CEST on 11 April 2025 in the Hallenstadion, Zurich. The invitation to Swiss Re's 2025 AGM is available online here. Voting results will be published on the Group's website shortly after the AGM. Media representatives can view the AGM as a live broadcast or attend in person by registering in advance here. Both the Annual Report 2024 and the Sustainability Report 2024 are available on Swiss Re's Annual Report website here. In addition, the Swiss Reinsurance Company Ltd Annual Report 2024 is available here.
Financial calendar 11 April 2025 161st Annual General Meeting
[1] Estimated Group SST ratio as of 1 January 2025, subject to regular review by FINMA.
For further information please contact Swiss Re Media Relations: + 41 (0)43 285 7171 or Media_Relations@Swissre.com. Cautionary note on forward-looking statements End of Inside Information |
| Language: | English |
| Company: | Swiss Re Ltd |
| Mythenquai 50/60 | |
| 8022 Zurich | |
| Switzerland | |
| Phone: | +41 (0) 43 285 71 71 |
| E-mail: | Media_Relations@swissre.com |
| Internet: | www.swissre.com |
| ISIN: | CH0126881561 |
| Valor: | 12688156 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 2099804 |
| End of Announcement | EQS News Service |
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2099804 13-March-2025 CET/CEST
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