Swiss Re beats with 9M CR of 94.3% but adds again to US casualty reserves

Published: Mon 6 Nov 2023

Swiss Re delivered a P&C reinsurance combined ratio of 94.3 percent in the first nine months of 2023 – an improvement of 11.8 percentage points year on year – with the unit's net income coming in ahead of analyst expectations despite “significant” reserve strengthening in its US casualty book.