Swiss Re swings to 2021 profit but still feels pandemic effect
- July 22, 2025
- Posted by: Web workers
- Category: Finance
(Reuters) — Swiss Re swung to a smaller-than-expected full-year profit in 2021, the reinsurance company said Friday, marking a partial rebound from the coronavirus pandemic despite big claims from natural disasters.
Profit was dragged down by COVID-19 losses at its life and health reinsurance division due to an increase in deaths in the United States.
The 2021 net profit of $1.437 billion compares with a net loss of $878 million in 2020. Analysts had expected a profit of $1.854 billion, according to a consensus report published by Swiss Re.
Insurers have been bouncing back from 2020, which was hit even harder by expenses around the pandemic.
Marked by devastating hurricanes and cold snaps in the United States, 2021 was one of the costliest ever for the world’s insurers.
“2021 marked an important turning point for Swiss Re,” CEO Christian Mumenthaler said in a statement.
The company is proposing a dividend of 5.90 Swiss francs ($6.39) per share.
This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.
