After having recorded a net loss of 878 million USD in 2020, Swiss Re [4] has returned to making profits as at 31 December 2021. The 1.437 billion USD net result has been achieved despite the Covid-19 and natural catastrophes loss experience. At the end of 2021, these two types of events have respectively cost the group 2.005 billion USD and 2.4 billion USD.
The P&C class of business has posted a net profit of 2.1 billion USD against a net deficit of 247 million USD in 2020. Natural catastrophes claims totaled 2.1 billion USD. The non-life combined ratio has gained 11.9 points to reach 97.1%.
The life and health (L&H) entity has shown a 523 million USD deficit. In addition to this loss, the Covid-19 claims amounted to 1.956 billion USD.
The direct insurance subsidiary, Corporate Solutions, is closing the year 2021 with a net profit of 578 million USD against a negative net result of 467 million USD in 2020.
A 5.9 CHF (6.3 USD) per share dividend will be proposed to the annual general meeting scheduled for 13 April 2022.
The Swiss reinsurer has reported a 4.7% turnover increase in 2021. Written premiums have gone from 40.77 billion USD at the end of 2020 to 42.726 billion USD a year later.