Swiss Re down after Jefferies downgrade on reinsurance price declines

Swiss Re AG

14/10/2026 07:30

** Shares in Swiss Re SRENH.S are seen down some 2% in pre-market trade after Jefferies cut the reinsurer to "underperform" from "hold", citing faster reinsurance price declines and revenue risks
** Broker lowers its PT to 110 Swiss Francs ($132.20) from 130 Swiss Francs
** It does not expect the reinsurance prices to find a floor until 2030 without a major global catastrophe
** Cuts Swiss Re's FY 2027 revenue forecast by 12%, saying it is 7% below consensus in 2027 and 19% below by 2030 on P&C reinsurance revenue
** Out of 21 analysts that cover Swiss Re , 3 rate the stock "strong buy" or "buy", ​7 rate "hold" and 11​ rate the stock "sell" - LSEG data
     
($1 = 0.8321 Swiss francs)

(Reporting by Basile Day)
((Basile.Day@thomsonreuters.com))