Swiss Re seen rising in premarket after Q1 beat

Hannover Rueck SE

16/05/2025 07:38

** Shares in Swiss Re SRENH.S are seen edging up 1% in premarket indications after the reinsurer's Q1 net income came above analysts' expectations

** Swiss Re posts net income of $1.3 billion vs $938 million seen in a consensus forecast

** "One should not overemphasize the 36% consensus beat - but numbers are above the pro-rata full year target, which is clearly a positive," Vontobel's analyst Simon Foessmeier says in a note

** He adds the numbers compare favourably vs the two German peers that reported earlier this week, Hannover Re HNRGn.DE and Munich Re MUVGn.DE, and the shares should react positively

 (Reporting by Paolo Laudani)

 ((Paolo.laudani@thomsonreuters.com))