Swiss Re sets out net income target of $4.5bn in 2026

Financial Targets - Swiss Re aims for a group net income of $4.5 billion (SFr3.61 billion) by 2026 [1] - The company plans to introduce an annual share buyback program starting in 2026 with a proposed allocation of $500 million, contingent on achieving a full-year 2025 net income target of over $4.4 billion [2][3] Operational Improvements - Swiss Re is expanding the use of AI in underwriting, claims, and data management to enhance productivity and decision-making [1] - A review of underperforming portfolios in the life and health reinsurance division has been largely completed, with an estimated pre-tax earnings impact of around $250 million for Q4 under IFRS [2] Performance Metrics - The company maintains combined ratio objectives of less than 85% for property and casualty reinsurance and less than 91% for corporate solutions [3] - A higher net income target of $1.7 billion has been set for the life and health reinsurance division by 2026 [3] - Swiss Re targets an IFRS return on equity above 14% and aims for annual dividend growth of at least 7% over the next two years [3] Recent Financial Results - For the first nine months of 2025, Swiss Re reported a net income of $4 billion, an increase of 85% from $2.2 billion in the same period last year [4] - The insurance service result increased by 64% to $4.8 billion from $2.9 billion in the prior-year period [5]