Swiss Re posts 24% increase in 6-month profit, maintains targets (updated)

Hannover Rueck SE

14/08/2025 06:34

Corrects renewals in paragraph 5 to a net decrease,  not increase, which is in line with decreases at competitors, not in contrast to competitors

FRANKFURT, Aug 14 (Reuters) - Reinsurance company Swiss Re SRENH.S said on Thursday that net profit for the first half of 2025 rose a better-than-expected 24%, and it maintained its targets for the full year.

The company cited low claims for large natural catastrophes in the second quarter after reporting a hit from Los Angeles wildfires for the first quarter, as well as a higher investment result.

Net profit of $2.605 billion in the period compares with a profit of $2.097 billion a year earlier.

Analysts had expected a profit of $2.472 billion, according to a consensus forecast.

Swiss Re reported a net price decrease in its midyear contract renewals of 2.4%, in line with price drops at top competitors Munich Re MUVGn.DE and Hannover Re HNRGn.DE.

 (Reporting by Tom Sims
Editing by Ludwig Burger)

 ((Tom.Sims@thomsonreuters.com; +49 30 220 133 645;))