Swiss Re Targets Higher Profit in 2026; Sets Out Buyback Program
By Andrea Figueras
Swiss Re forecast higher net profit for 2026 and said it would launch a buyback program of $500 million.
The Zurich-based reinsurer said Friday that it expects to achieve net profit of $4.5 billion in 2026. For the current year, it targets net profit of more than $4.4 billion.
"Conditions remain constructive, supported by structural growth. This puts us in a strong position for 2026 and beyond," Chief Executive Andreas Berger said.
The group continues to aim for annual dividend per share growth of 7% or more over next two years. It intends to complement this policy with an annual share buyback program, starting in 2026 at $500 million, subject to achieving the profit outlook this year.
Swiss Re maintained its multi-year IFRS return on equity target of more than 14% and said it is on track to achieve a reduction in run-rate operating expenses of $300 million by 2027.
The company also noted that it made progress in integrating artificial intelligence features to the business, aiming to improve productivity and decision making.
Furthermore, it has completed a review of the portfolio of its life and health reinsurance division.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
December 05, 2025 01:48 ET (06:48 GMT)
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