Swiss Re AG
SREN: XSWX (CHE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|#^ | LOCK|>z | LOCK|QplPNR@ |
Swiss Re Earnings: Below Consensus, but a Sound Setup for the Full Year
Swiss Re reported sound results for the third quarter and first nine months. They are below company-compiled consensus, but the sum of it is first nine-month net income of $2.2 billion. That should be put in the context of a maintained full-year target of $3 billion. We maintain our CHF 133.40 per share fair value estimate and our no-moat rating.
