Swiss Re Says Low Natural-Catastrophe Losses Lift Results

By Adria Calatayud

Swiss Re reported a sharp increase in third-quarter net profit and said its results benefited from low natural-catastrophe losses.

Net profit was $1.4 billion for the third quarter and $4 billion for the first nine months as a whole, the Zurich-based reinsurer said Friday. This compares with $102 million and $2.2 billion the company reported for the respective year-earlier periods, when its results took a hit from an increase in U.S. liability reserves to cover future obligations.

Analysts had forecast a quarterly net profit of $1.325 billion, according to consensus estimates provided by the company.

Profit growth was driven by the group's property-and-casualty reinsurance business, for which low natural-catastrophe losses provided a substantial tailwind, Swiss Re said.

A strong performance in the first nine months of the year puts the company on track to meet its target of a net profit of more than $4.4 billion for 2025, Swiss Re Chief Executive Andreas Berger said.

Insurance revenue for the first nine months was $32 billion, down 5% on year. The company posted lower insurance revenue across its property-and-casualty, life-and-health and corporate-solutions segments.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

November 14, 2025 01:42 ET (06:42 GMT)