Training Example: Swiss Re Group – Review the Data, Give Your Score & Compare to the Real AI Evaluation

Industry Context — Common BS Fingerprints in Financial Services, Banking & Insurance
Generic Claims: securing your financial future, trusted with billions, personalized financial solutions, your money is safe with us…
Red Flags: no FCA registration number displayed, guaranteed investment returns, hidden fees or commission structures, no risk warnings on investment content…
Semantic Drift Patterns: homepage claims independent advice but services page shows restricted panel, claims bespoke solutions but offerings are standard off-the-shelf products, homepage targets high-net-worth but minimum investment is low, claims whole-of-market but only distributes own products…
Proof Expectations: FCA registration number with link to register, specific qualifications (DipPFS, ACII, CFA, CFP), published fee schedule or charging structure, named team with verifiable regulatory record…

Swiss Re Group

(https://swissre.com) 📸 Data Snapshot: June 19, 2026

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🏗️ Semantic Structure — heading hierarchy & page identity (Info Density · Commodity Fingerprint)
HOMEPAGE Swiss Re Group | Swiss Re (https://swissre.com)
Title

Swiss Re Group | Swiss Re

H1 Swiss Re Group
H2 Quick navigation
H2 Company Unit Navigation
H2 Main Navigation
H2 Service Navigation
H2 Search
H2 Highlight Stories
H2 Content Teaser
H2 Our Group
H2 Our businesses
H2 Property & Casualty Reinsurance
H2 Life & Health Reinsurance
H2 Commercial Insurance
H2 Risk Data Solutions
H2 Latest press releases
H2 Swiss Re's 2025 Annual Report
H2 More stories
H2 Partnering for Progress
H2 Share Price
H2 Newsletter
H2 Contact us
H2 Overlay with sharing options
H3 Locations and regional sites
H3 Natural Catastrophes
H3 Press Release First Quarter 2026 Results
H3 Regional Nat Cat risk
H3 Toolbox Client tools and services
H3 SHARE PRICE PERFORMANCE
H3 Swiss Re delivers a net income of USD 1.5 billion for the first quarter
H3 Swiss Re publishes its 2025 Financial Condition Report
H3 Swiss Re shareholders approve all proposals at AGM 2026
H3 Wildfires, storms, floods contribute to record 92% of global insured losses in 2025, says Swiss Re Institute
H3 More stories
H3 Publication New frontiers in cancer detection and diagnostics amid rising cases
H3 Blog Even quiet hurricane seasons can roar
H3 Publication From hype to evidence: What real-world GLP-1 data means for insurers
H3 Blog Will AI be insurance's smart phone moment?
H4 Americas
H4 Asia Pacific
H4 Europe, Middle East, & Africa
H5 Swiss Re's Group Topics
H5 Discover Swiss Re
H5 Analyst coverage
H5 Watch our new Swiss Re film
NAV_HEADER_HEADING_REPEATED_FOOTER Our locations | Swiss Re (https://swissre.com/about-us/office-locations.html)
Title

Our locations | Swiss Re

H1 Our locations
H2 Quick navigation
H2 Company Unit Navigation
H2 Main Navigation
H2 Service Navigation
H2 Search
H2 Tab navigation
H2 Americas
H2 Asia-Pacific
H2 Europe–Middle-East—-Africa
H2 Share Price
H2 Newsletter
H2 Contact us
H2 Overlay with sharing options
H3 Locations and regional sites
H3 Brazil
H3 Canada
H3 Colombia
H3 Mexico
H3 United States of America
H3 Australia
H3 China
H3 Hong Kong SAR
H3 India
H3 Japan
H3 Republic of Korea
H3 Malaysia
H3 Singapore
H3 New Zealand
H3 Denmark
H3 France
H3 Germany
H3 Israel
H3 Italy
H3 Ivory Coast
H3 Luxembourg
H3 Slovak Republic
H3 Spain
H3 Switzerland
H3 United Kingdom
H3 South Africa
H4 Americas
H4 Asia Pacific
H4 Europe, Middle East, & Africa
H4 Swiss Re Brasil Resseguros S.A.
H4 Toronto
H4 Vancouver
H4 Swiss Re Colombia Oficina de Representación
H4 Swiss Reinsurance America Corporation, Oficina de Representación en México y Swiss Reinsurance Company Ltd, Oficina de Representación en México, empresas del Grupo Swiss Re
H4 Alpharetta
H4 Armonk
H4 Boston
H4 Chicago
H4 Fort Wayne
H4 Houston
H4 Kansas City
H4 Los Angeles
H4 Miami
H4 New York City
H4 San Francisco
H4 Schaumburg
H4 Swiss Re America Holding Corporation
H4 Washington DC
H4 Swiss Re Asia Pte. Ltd.
H4 Swiss Reinsurance Company Ltd, Beijing Branch
H4 Swiss Re Asia Pte. Ltd., Hong Kong Branch
H4 Swiss Re Global Business Solutions India Private Ltd.
H4 Swiss Re Global Business Solutions India Private Limited
H4 Swiss Reinsurance Company Ltd, India Branch
H4 Swiss Re Asia Pte. Ltd., Japan Branch
H4 Swiss Re International SE, Japan Branch
H4 Swiss Re Asia Pte. Ltd., Korea Branch
H4 Swiss Re Asia Pte. Ltd., Malaysia Branch
H4 SWISS RE ASIA PTE. LTD.
H4 Swiss Re Denmark Services A/S
H4 Swiss Re Europe S.A., Succursale de Paris
H4 Swiss Re Europe S.A., Niederlassung Deutschland Munich
H4 Swiss Re Europe S.A., Niederlassung Deutschland Hamburg
H4 Swiss Re Europe S.A., Niederlassung Deutschland Frankfurt am Main
H4 Swiss Reinsurance Company – Israel Branch
H4 Swiss Re International S.E. & Swiss Re Europe S.A.
H4 Centre d'affaires Regus Plateau
H4 Swiss Re Europe S.A.
H4 Swiss Re Management AG, organizačná zložka
H4 Swiss Re Europe, S.A., Sucursal en España
H4 Swiss Re Management Ltd.
H4 Swiss Re Centre for Global Dialogue
H4 Global Headquarters – Swiss Reinsurance Company Ltd
H4 Swiss Re Services Limited
H4 Swiss Re Europe S.A., UK branch
H4 Swiss Re – Manchester
H4 Cape Town
H5 Swiss Re's Group Topics
H5 Discover Swiss Re
H5 Analyst coverage
H5 Watch our new Swiss Re film
NAV_HEADING_REPEATED_BODY_FOOTER Swiss Re delivers a net income of USD 1.5 billion for the first quarter | Swiss Re (https://swissre.com/media/press-release/pr-20260507-q1-2026-press-release.html)
Title

Swiss Re delivers a net income of USD 1.5 billion for the first quarter | Swiss Re

H1 Swiss Re delivers a net income ofㅤUSD 1.5 billion for the first quarter
H2 Quick navigation
H2 Company Unit Navigation
H2 Main Navigation
H2 Service Navigation
H2 Search
H2 Article information and share options
H2 Group result driven by contributions from all Business Units
H2 Continued strong capital position
H2 P&C Re result driven by disciplined underwriting and low large natural catastrophe experience
H2 P&C Re April renewals
H2 Corporate Solutions continues strong underwriting performance
H2 L&H Re delivers strong net income
H2 Outlook
H2 Details of Q1 2026 performance
H2 Financial calendar
H2 Media conference call
H2 Investor and analyst call
H2 About Swiss Re
H2 Cautionary note on forward-looking statements
H2 Downloads
H2 Contact: Get in touch with our experts
H2 Find more about Financial information of Swiss Re
H2 Media
H2 Share Price
H2 Newsletter
H2 Contact us
H2 Overlay with sharing options
H3 Locations and regional sites
H3 Downloads
H3 Group Media Relations
H3 Media Relations New York
H3 Media Relations Singapore
H3 Investor Relations
H4 Americas
H4 Asia Pacific
H4 Europe, Middle East, & Africa
H5 Swiss Re's Group Topics
H5 Discover Swiss Re
H5 Analyst coverage
H5 Watch our new Swiss Re film
NAV_HEADER_REPEATED Swiss Re Australia & New Zealand | Swiss Re (https://swissre.com/australia_newzealand/)
Title

Swiss Re Australia & New Zealand | Swiss Re

H1 Swiss Re Australia & New Zealand
H2 Quick navigation
H2 Main Navigation
H2 Service Navigation
H2 Search
H2 Highlight Stories
H2 About Us
H2 Our business
H2 Insights
H2 Overlay with sharing options
H3 Welcome to Swiss Re Australia & New Zealand
H3 Our business Reinsurance
H3 Property & Casualty
H3 Life & Health
H3 Solutions
📝 The Narrative — clean text per page (Info Density · Semantic Coherence)
HOMEPAGE (https://swissre.com) Swiss Re Group | Swiss Re
[H1] Swiss Re Group
[H2] Highlight Stories
Natural Catastrophes
Press Release
First Quarter 2026 Results
Regional Nat Cat risk
[H3]
Natural Catastrophes
The USD 424bn protection gap and adaptation to counter growing exposure
Read the report
about Natural catastrophes
Read More
about Natural catastrophes
[H3]
Press Release
First Quarter 2026 Results
Swiss Re delivers a net income of USD 1.5 billion for the first quarter
Read press release
about Swiss Re delivers a net income of USD 1.5 billion for the first quarter
Read More
about Swiss Re delivers a net income of USD 1.5 billion for the first quarter
[H3]
Regional Nat Cat risk
Loss patterns across North America, Europe, and Asia
Read more
about Regional NatCat risk
Read More
about Regional NatCat risk

[H2] Content Teaser

[H3]
Toolbox

Client tools and services

Discover our client tools and services, including information on our many digital tools as well as training courses on a wide range of topics in the insurance industry.

[H3]
SHARE PRICE PERFORMANCE

CHF
00.0

− 0.0%

23 Apr 2018
17:30
CET

Detailed share performance

[H2] Our Group

The Swiss Re Group is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients.

[H2]
Our businesses

[H2]
Property & Casualty Reinsurance

We provide you with a broad range of premium products and tailored solutions.

[H2]
Life & Health Reinsurance

We help unlock your company's full potential, grow your business and improve your performance.

[H2]
Commercial Insurance

Our extensive knowledge and expertise allows us to understand, anticipate and help protect against the risks you face.

[H2]
Risk Data Solutions

Helping insurers, corporates and governments navigate risks with greater speed, precision and confidence.

[H2]
Latest press releases

[H2]
Swiss Re's 2025 Annual Report

Discover
about Annual Report 2025

[H2] More stories
[H3]
More stories
[H3]
Publication
New frontiers in cancer detection and diagnostics amid rising cases
12 May 2026
Read More about: New frontiers in cancer detection and diagnostics amid rising cases
11 May 2026
Monica Ningen
CEO P&C Reinsurance US
Read More about: Even quiet hurricane seasons can roar
[H3]
Publication
From hype to evidence: What real-world GLP-1 data means for insurers
16 Apr 2026
Read More about: From hype to evidence: What real-world GLP-1 data means for insurers
31 Mar 2026
Ivan Gonzalez
Chief Executive Officer
Read More about: Will AI be insurance's smart phone moment?
Show previous slide
Show next slide

[H2]
Partnering for Progress

For more than 160 years, Swiss Re has stood for reinsurance, reinvention and resilience. Swiss Re has been there for the start-ups - and for the start of revolutionary thinking. This video features voices and faces of some of our 15,000 global employees who bring to life Swiss Re's powerful brand promise: "Partnering for Progress."

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3491 chars
SUB-PAGE (https://swissre.com/about-us/office-locations.html) Our locations | Swiss Re
[H1]
Our locations
[H2] Tab navigation

[H2] Americas

Country website

[H4]

Swiss Re Brasil Resseguros S.A.
Avenida Brigadeiro Faria Lima 3064Itaim Bibi, Sao Paulo, SP 01451-001
55 11 3073 8000

Show map

Country website

[H4]

Toronto
150 King Street WestSuite 1000Toronto, Ontario M5H1J9
+1 416 408 0272

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[H4]

Vancouver
Suite 24071055 West Georgia StreetVancouver, BC, V6E 3P3Canada

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Country website

[H4]

Swiss Re Colombia Oficina de Representación
Torre SamsungCarrera 7 No. 113-43Bogota D.C.Colombia
+57 601 919 6001

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Country website

[H4]

Swiss Reinsurance America Corporation, Oficina de Representación en México y Swiss Reinsurance Company Ltd, Oficina de Representación en México, empresas del Grupo Swiss Re
Avenida Ejército Nacional Mexicano #350, Primer Piso, Colonia Polanco V Sección, Alcaldía Miguel Hidalgo, C.P. 11560, Ciudad de México, México
52 55 5322 8400

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[H4]

Alpharetta
5995 Windward PkwySuite 400Alpharetta, GA 30005USA
1 770 569 7100

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[H4]

Armonk
175 King StreetArmonk, NY 10504USA
1 914 828 8000

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[H4]

Boston
3 Center PlazaBoston, MA 02108USA

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[H4]

Chicago
222 West Adams StreetSuite 3000Chicago, IL 60606USA
1 800 621 0823

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[H4]

Fort Wayne
124 W. Superior Street,Suite 300Fort Wayne, IN 46802USA
1 260 435 8900

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[H4]

Houston
2200 Post Oak Blvd.,Suite 1000Houston, TX 77056USA
+1 713 552 2300

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[H4]

Kansas City
One Kansas City Place1200 Main StreetKansas City, MO 64105USAReception: 8th floor
1 816 235 3700

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[H4]

Los Angeles
777 South Figueroa Street Suite 3700Los Angeles, CA 90017USA
1 213 457 6190

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[H4]

Miami
701 Brickell AvenueSuite 1300 Miami, Florida, 33131USA
1 305 679 5500

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[H4]

New York City
1301 Avenue of the AmericasNew York, NY 10019USAReception: 44th Floor
1 212 317 5400

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[H4]

San Francisco
100 Pine Street22nd Floor, Suite 2200San Francisco, CA 94111USA
1 415 834 2200

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[H4]

Schaumburg
1450 American LaneSchaumburg, IL 60173USA
1 847 273 1300

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[H4]

Swiss Re America Holding Corporation
2 Waterside CrossingWindsor, CT 06095USA
1 860 902 7200

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[H4]

Washington DC
200 Massachusetts Avenue Northwest, Washington, DC 20001USAReception: 7th floor
1 202 220 6316

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[H2] Asia-Pacific

Country website

[H4]

Swiss Re Asia Pte. Ltd.
Gadigal CountryInternational Towers Sydney, Tower TwoLevel 36200 Barangaroo AvenueBarangarooSydney, NSW 2000Australia
+61 2 8295 9500

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Country website

[H4]

Swiss Reinsurance Company Ltd, Beijing Branch
22nd Floor, China Life Financial CenterNo. 23 ZhenZhi RoadChaoyang DistrictBeijing 100026China
+86 10 6563 8888

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[H4]

Swiss Re Asia Pte. Ltd., Hong Kong Branch
Floor 61Central Plaza18 Harbour RoadWan ChaiHong KongChina
+852 3605 8800

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[H4]

Swiss Re Global Business Solutions India Private Ltd.
2nd to 5th Floors, Fairwinds BuildingEmbassy Golf Links Business Park, Off Intermediate Ring RoadChallaghatta Village, Varthur HobliBangalore 560071KarnatakaIndia
+91 80 4616 7000

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[H4]

Swiss Re Global Business Solutions India Private Limited
Tower-2, 6th FloorPlot No. 16, Sattva Knowledge ParkHyderabad, Telangana State - 500081India

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[H4]

Swiss Reinsurance Company Ltd, India Branch
A-701, 7th floor, OneBKCBlock G, Bandra Kurla ComplexBandra (East)Mumbai - 400051India
+91 22 6661 2121

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Country website

[H4]

Swiss Re Asia Pte. Ltd., Japan Branch
Marunouchi Nijubashi Building 22F3-2-3 Marunouchi, Chiyoda-kuTokyo 100-0005Japan
+81 3 5219 7800

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[H4]

Swiss Re International SE, Japan Branch
Marunouchi Nijubashi Building 22F3-2-3 Marunouchi, Chiyoda-kuTokyo 100-0005Japan
+81 3 5218 2160

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Country website

[H4]

Swiss Re Asia Pte. Ltd., Korea Branch
15th Floor, Centropolis Tower A, Ujeongguk-ro 26Jongno-gu, Seoul 03161
+ 82 2 397 0300

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[H4]

Swiss Re Asia Pte. Ltd., Malaysia Branch
Level 11, Unit 01, Menara IQ, Lingkaran TRX, 55188 Tun Razak Exchange, Kuala LumpurMalaysiaOur Data Protection Officer can be contacted at: [email protected]If you have any questions, please visit this page: Data Protection and Privacy Compliance at Swiss Re https://www.swissre.com/about-us/data-protection-brochure/data-protection-privacy-compliance.html
+603 6416 7800

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[H4]

SWISS RE ASIA PTE. LTD.
128 Beach Road, Guoco Midtown #10-01, Singapore 189773
+65 6532 2161

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Country website

[H2] Europe--Middle-East----Africa

[H4]

Swiss Re Denmark Services A/S
Midtermolen 34th Floor2100 CopenhagenDenmark
+45 3397 9593

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[H4]

Swiss Re Europe S.A., Succursale de Paris
11-15, rue Saint Georges75009 ParisFrance
+33 1 4318 3000

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[H4]

Swiss Re Europe S.A., Niederlassung Deutschland Munich
Arabellastrasse 3081925 MunichGermany
+49 89 38440

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[H4]

Swiss Re Europe S.A., Niederlassung Deutschland Hamburg
4th floorGutruf-HausNeuer Wall 1020354 HamburgGermany
+49 40 303 339 700

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[H4]

Swiss Re Europe S.A., Niederlassung Deutschland Frankfurt am Main
Ground floorMesseTurmFriederich-Ebert-Anlage 4960308 Frankfurt am MainGermany
+49 69 767 255 100

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[H4]

Swiss Reinsurance Company - Israel Branch
12 Abba Hillel Silver StreetRamat-Gan 5250606Tel AvivIsrael
+ 972 3 714 0130

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[H4]

Swiss Re International S.E. & Swiss Re Europe S.A.
17 Piazza Vetra20123 MilanItaly
+39 06 323931

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[H4]

Centre d'affaires Regus Plateau
Avenue CROZET Immeuble XL01 BP 2785 Abidjan, Ivory Coast
+27 20 30 92 26

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[H4]

Swiss Re Europe S.A.
2, rue Edward Steichen, L-2540 Luxembourg
+352 2612 1630

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[H4]

Swiss Re Management AG, organizačná zložka
Mlynské nivy 12821 09 BratislavaSlovakiaFollowing Swiss Re entities also operate in Bratislava: Swiss Re Europe S.A., organizačná zložka Slovensko and Swiss Re International SE, pobočka poisťovne z iného členského štátu.
+421 2 5831 4900

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[H4]

Swiss Re Europe, S.A., Sucursal en España
Torre EuropaPaseo de la Castellana 95Planta 11 & 14Madrid 28046Spain
+34 91 598 1726

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[H4]

Swiss Re Management Ltd.
Soodring 68134 AdliswilSwitzerland
+41 43 285 2121

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[H4]

Swiss Re Centre for Global Dialogue
Gheistrasse 378803 RueschlikonSwitzerland
+41 43 285 8100

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[H4]

Global Headquarters - Swiss Reinsurance Company Ltd
Mythenquai 508002 ZurichSwitzerland
+41 43 285 2121

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[H4]

Swiss Re Services Limited
2, 3 & 4 FloorsCastle HouseCastle Hill AvenueFolkestone CT20 2 TFUnited Kingdom
+44 20 7933 3000

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[H4]

Swiss Re Europe S.A., UK branch
30 St Mary AxeLondonEC3A 8EPUnited KingdomCalls to this number may be recorded in accordance with applicable laws and regulations.
+44 20 7933 3000

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[H4]

Swiss Re - Manchester
Swiss ReGilbanks11 York StreetManchesterUnited KingdomM2 2AW
+44 20 7933 3303

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[H4]

Cape Town
Centennial Place, West Block, 1st Floor, 1 Century Blvd, Century CityCape Town7441South Africa
+27 21 469 8400

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SUB-PAGE (https://swissre.com/media/press-release/pr-20260507-q1-2026-press-release.html) Swiss Re delivers a net income of USD 1.5 billion for the first quarter | Swiss Re
[H1] Swiss Re delivers a net income ofㅤUSD 1.5 billion for the first quarter
[H2] Article information and share options
Published on:
07 May 2026,
Zurich
Share

Ad hoc announcement pursuant to Article 53 LR
Property & Casualty Reinsurance (P&C Re) delivers net income of USD 754 million; combined ratio of 79.5% 1
Corporate Solutions achieves net income of USD 262 million; combined ratio of 85.1% 2
Life & Health Reinsurance (L&H Re) delivers net income of USD 491 million
Return on investments (ROI) of 4.6%; recurring income yield of 4.1%
Zurich, 7 May 2026 – Swiss Re achieved a net income of USD 1.5 billion and a return on equity (ROE) of 23.6% for the first quarter of 2026. The result was driven by increased contributions from all Business Units, supported by low natural catastrophe experience and a strong investment contribution.
Swiss Re's Group Chief Executive Officer Andreas Berger said: "Our first-quarter performance shows strong earnings generation, reflecting the strategic actions taken in recent years to reinforce our businesses. In a more challenging market environment, we are focused on active cycle management in our P&C businesses, as well as underwriting discipline and efficiency across the Group."
Swiss Re's Group Chief Financial Officer Anders Malmström said: "L&H Re made a strong start to the year following the completion of the portfolio review in 2025, while our P&C businesses continued to benefit from high-quality business written in recent years. We also took a prudent approach to managing current geopolitical volatility, including setting aside additional reserves for potential inflationary impacts of the ongoing Middle East conflict."

[H2] Group result driven by contributions from all Business Units
Swiss Re delivered a net income of USD 1.5 billion in the first quarter of 2026, a year-on-year increase of 19%. ROE reached 23.6% for the first quarter, up from 22.4% for the prior-year period. Both P&C businesses achieved good underwriting results, supported further by low large-loss experience in the quarter, while L&H Re's result reflected in-force underwriting margins and favourable US mortality experience.
Insurance revenue for the Group amounted to USD 10.0 billion, compared with USD 10.4 billion for the same period in 2025. Lower revenues in P&C Re represent the main driver of the reduction. In addition, the Group's ongoing withdrawal from its iptiQ business contributed. This was partly offset by favourable foreign exchange movements.
The insurance service result, which reflects the underwriting profit earned in the period, was USD 1.7 billion, compared with USD 1.3 billion in the first quarter of 2025.
The Group's new business contractual service margin (CSM), which reflects the profitability of new business written in the period, was USD 1.2 billion, compared with USD 1.7 billion for the first quarter of 2025. The reduction reflects the impact of P&C Re renewals in January, as well as a lower contribution from L&H Re mainly due to lower transaction activity. Corporate Solutions' new business CSM was broadly in line with the prior-year period.
Swiss Re achieved an ROI of 4.6% for the first quarter of 2026. The result reflects strong recurring income of USD 1.0 billion, supported further by realised gains from real estate sales. Swiss Re achieved a recurring income yield of 4.1% for the first quarter of 2026, in line with the prior-year period. The reinvestment yield for the quarter was 4.3%.

[H2] Continued strong capital position
Swiss Re maintained its strong capital position with an estimated Group Swiss Solvency Test (SST) ratio of 252% 3 as of 1 April 2026, above the target range of 200–250%.

[H2] P&C Re result driven by disciplined underwriting and low large natural catastrophe experience
P&C Re delivered a net income of USD 754 million for the first quarter of 2026, an increase of 43% from USD 527 million for the prior-year period. The result reflects continued disciplined underwriting and a low large natural catastrophe experience in the first quarter, supported by solid investment income.
The insurance service result was USD 795 million for the first quarter of 2026, compared with USD 575 million for the same period in 2025. Large natural catastrophe claims amounted to USD 133 million in the first quarter of 2026, driven by Storm Kristin, which made landfall in Portugal in January. 4 Large man-made losses for the period amounted to USD 41 million.
P&C Re achieved a combined ratio of 79.5% for the first quarter of 2026, compared with 86.0% for the prior-year period. The Business Unit targets a combined ratio of less than 85% for the full year.
Insurance revenue for the first quarter of 2026 was USD 4.1 billion, compared with USD 4.5 billion for the same period in 2025. The change was primarily driven by the overall renewals outcome and reduced volumes written by cedents, partially offset by favourable foreign exchange movements.
P&C Re generated a new business CSM of USD 1.0 billion in the first quarter of 2026, compared with USD 1.4 billion in the prior-year period, reflecting a more challenging pricing environment.

[H2] P&C Re April renewals
P&C Re renewed treaty contracts resulting in USD 2.3 billion in premium volume on 1 April 2026, representing an 8% volume decrease compared with the business which was up for renewal. The outcome reflects continued discipline and active cycle management amid a more challenging pricing environment, with a continuation of the trends seen in January.
P&C Re reported a nominal price decrease of 2.5% in this renewal round, while maintaining stable terms and conditions. Based on a prudent view on inflation and updated loss models, loss assumptions increased by 3.6%, resulting in a net price decrease of 6.1%. The resulting portfolio quality is supportive of the Group's 2026 financial targets.

[H2] Corporate Solutions continues strong underwriting performance
Corporate Solutions delivered a net income of USD 262 million in the first quarter of 2026, an increase of 26% from USD 208 million for the same period in 2025. The continued strong result reflects disciplined underwriting and low large claims experience in the first quarter, supported by solid investment income.
The insurance service result reached USD 286 million in the first quarter of 2026, compared with USD 240 million in the prior-year period.
Large man-made losses in the first quarter of 2026 amounted to USD 12 million. Corporate Solutions did not experience any large natural catastrophe losses in the period.
Corporate Solutions delivered a combined ratio of 85.1% in the first quarter of 2026, compared with 88.4% for the prior-year period. The Business Unit targets a combined ratio of less than 91% for the full year.
Insurance revenue in the first quarter of 2026 amounted to USD 1.7 billion, compared with USD 1.8 billion for the prior-year period. Growth in targeted lines and favourable foreign exchange movements offset the majority of the impact of the previously announced non-renewal of the Irish Medex business. 5
New business CSM for Corporate Solutions was USD 5 million for the first quarter of 2026, compared with USD -21 million for the prior-year period. Corporate Solutions' new business CSM is typically close to zero in the first quarter given that the majority of the Business Unit's reinsurance for the year is recognised in the first quarter.

[H2] L&H Re delivers strong net income
L&H Re reported a net income of USD 491 million in the first quarter of 2026, a 12% increase from USD 439 million in the prior-year period, reflecting the underwriting margins of L&H Re's large in-force book. This was supported by favourable US mortality experience.
The insurance service result for the first quarter of 2026 was USD 547 million, compared with USD 456 million for the prior-year period.
Insurance revenue in the first quarter amounted to USD 4.3 billion, compared with USD 4.1 billion for the prior-year period, driven by favourable foreign exchange movements and higher contributions from longevity business.
L&H Re achieved a new business CSM of USD 164 million for the first quarter, compared with USD 344 million for the prior-year period. The decrease is mainly driven by lower transaction activity.
The Business Unit's CSM balance at the end of the quarter was USD 16.8 billion, compared with USD 17.0 billion at the end of 2025 primarily driven by foreign exchange translation impacts due to the strengthening of the US dollar against other currencies.
L&H Re targets a net income of USD 1.7 billion for 2026.

[H2] Outlook
Swiss Re's Group Chief Executive Officer Andreas Berger said: "Swiss Re delivered strong earnings in the first quarter, putting us on a good path towards our 2026 financial targets. Against an uncertain macroeconomic backdrop and an increasingly challenging market environment, our P&C businesses continue to prioritise disciplined underwriting. We expect L&H Re to make a growing contribution to balance the Group's overall performance going forward. At the same time, we are firmly focused on cost efficiency. Our goals remain: delivering on our financial targets and on the Group's overall resilience."

[H2] Details of Q1 2026 performance
USD millions, unless otherwise stated

Group
Q1 2026
Q1 2025
Change, %
Net income
1 513
1 275
19
Insurance revenue
10 034
10 405
–4
Insurance service result
1 651
1 270
30
Return on equity (%, annualised)
23.6
22.4

Return on investments (%, annualised)
4.6
4.4

Recurring income yield (%, annualised)
4.1
4.1

31.03.26
31.12.25

Shareholders' equity
25 966
25 114
3
Book value per share (USD)
88.30
85.15
4
P&C Reinsurance
Q1 2026
Q1 2025

Net income
754
527
43
Insurance revenue
4 085
4 465
–9
Insurance service result
795
575
38
Combined ratio (%)
79.5
86.0

Corporate Solutions

Net income
262
208
26
Insurance revenue
1 682
1 759
–4
Insurance service result
286
240
19
Combined ratio (%)
85.1
88.4

L&H Reinsurance

Net income
491
439
12
Insurance revenue
4 295
4 055
6
Insurance service result
547
456
20

1 P&C Re combined ratio is defined as [(insurance service expense + amounts recoverable from reinsurers for incurred claims) / (insurance revenue + allocation of reinsurance premiums)].
2 Corporate Solutions combined ratio is defined as [(insurance service expense + allocation of reinsurance premiums + amounts recoverable from reinsurers for incurred claims + non-directly attributable expenses) / insurance revenue].
3 Estimated Group SST ratio as of 1 April 2026. The SST ratio is filed with FINMA periodically and is subject to review.
4 Compared with a large natural catastrophe budget of USD 409 million for the first quarter of 2026.
5 The non-renewal of the Irish Medex business accounted for a reduction of USD 0.2 billion compared with the prior-year period.

[H2] Financial calendar

6 August 2026
Half-year 2026 Results
5 November 2026
Nine-month 2026 Results
26 February 2027
Full-year 2026 Results
12 March 2027
Publication of Annual Report 2026 (incl. Sustainability Report)

[H2] Media conference call
Swiss Re will hold a media conference call this morning at 08:30 CEST. To participate, please dial in 10 minutes prior to the start using the following numbers:

Switzerland/Europe
+41 (0) 58 310 50 00

United Kingdom
+44 (0) 207 107 06 13

United States
+1 (1) 631 570 56 13

For additional local dial-in numbers, please click here.

[H2] Investor and analyst call
Swiss Re will hold an investors' and analysts' webcast at 14:00 CEST, which will focus exclusively on Q&A. The investor and analyst presentation can be found here.

[H2] About Swiss Re
The Swiss Re Group is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 70 offices globally.

[H2] Cautionary note on forward-looking statements
Certain statements and illustrations contained herein are forward-looking. These statements (including as to plans, objectives, targets, and trends) and illustrations provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical fact or current fact. Further information on forward looking statements can be found in the Legal Notice section.

[H2] Downloads

Press release in English (pdf)
Press release in German (pdf)

[H2] Contact: Get in touch with our experts

Contact
Group Media Relations

Contact
Media Relations New York

Contact
Media Relations Singapore

Contact
Investor Relations

[H2]
Find more about Financial information of Swiss Re

Discover
about Financial information

[H2]
Media

The Media Relations team keeps journalists and influencers updated on the company's latest news and events and connects members of the press with Swiss Re's thought leadership and relevant content.

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SUB-PAGE (https://swissre.com/australia_newzealand/) Swiss Re Australia & New Zealand | Swiss Re
[H1] Swiss Re Australia & New Zealand
[H2] Highlight Stories
[H3]
Welcome to Swiss Re
Australia & New Zealand

[H2] About Us

At Swiss Re, our vision is to make the world more resilient. Together, we apply fresh perspectives, knowledge and capital to anticipate and manage risk - from natural catastrophes to climate change, from ageing populations to cyber crime. We aim to enable society to thrive and progress, creating new opportunities and solutions for our clients.
Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.
In Australia and New Zealand, Swiss Re provides Life & Health and Property & Casualty reinsurance to some of the region's largest insurers.

[H2] Our business
[H3]
Our business
Reinsurance
[H3]
Property & Casualty
Read More about: Property & Casualty
[H3]
Life & Health
Read More about: Life & Health
[H3]
Solutions
Read More about: Solutions

[H2]
Insights

Read the latest insights from our team of local and global experts covering topics like climate risk, societal resilience and digital solutions.

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about Insights

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🛡️ Trust Signals — reviews, proof links, trust-theatre flag (Trust & Proof)
8Review mentions (all pages)
5External proof links (all pages)
PageReviewsProof links
/ (home) 2 1
/about-us/office-locations.html 2 3
/media/press-release/pr-20260507-q1-2026-press-release.html 4 1
/australia_newzealand/ 0 0
🔗 Identity & Technical Layer — schema JSON-LD: identity chains, entity gaps (Identity & Authority)
Homepage schema
{
    "@context": "https://schema.org",
    "@type": "WebSite",
    "contentCategory": "not-specified",
    "name": "Swiss Re Group | Swiss Re",
    "url": "https://www.swissre.com/",
    "headline": "Swiss Re Group",
    "description": "The Swiss Re Group is one of the world’s leading providers of reinsurance and insurance. We work to make the world more resilient.",
    "image": [
        "https://www.swissre.com/dam/jcr:2ac6319f-af2f-4976-b68b-1cab952e317d/SRN-and-Altbau.jpg"
    ],
    "datePublished": "2018-11-14T08:59:12+01:00",
    "dateModified": "2026-06-08T12:19:53+02:00",
    "publisher": {
        "@type": "Organization",
        "name": "Swiss Re Group",
        "logo": {
            "@type": "ImageObject",
            "url": "https://www.swissre.com/.resources/swissre-web/webresources/img/logos/SR_Logo_Group.png"
        }
    },
    "potentialAction": {
        "@type": "SearchAction",
        "target": "https://www.swissre.com/search-page.html?searchterm={search_term_string}",
        "query-input": "required name=search_term_string"
    }
}
/about-us/office-locations.html
[
    {
        "@context": "https://schema.org",
        "@type": "WebSite",
        "contentCategory": "not-specified",
        "name": "Our locations | Swiss Re",
        "url": "https://www.swissre.com/about-us/office-locations.html",
        "headline": "Our locations",
        "description": "Headquartered in Zürich, Switzerland, Swiss Re has operations across the globe. We are the only reinsurer with a client-centric model, that is with teams built around a client on a global basis. <br/>",
        "image": [
            "https://www.swissre.com/dam/jcr:6d7ad88a-7c6d-472c-be23-ac42eed8a324/World_Detailpage.jpg"
        ],
        "datePublished": "2025-12-09T13:24:30+01:00",
        "dateModified": "2020-07-09T08:55:10+02:00",
        "publisher": {
            "@type": "Organization",
            "name": "Swiss Re Group",
            "logo": {
                "@type": "ImageObject",
                "url": "https://www.swissre.com/.resources/swissre-web/webresources/img/logos/SR_Logo_Group.png"
            }
        },
        "potentialAction": {
            "@type": "SearchAction",
            "target": "https://www.swissre.com/search-page.html?searchterm={search_term_string}",
            "query-input": "required name=search_term_string"
        }
    },
    {
        "@context": "https://schema.org",
        "@type": "BreadcrumbList",
        "itemListElement": [
            {
                "@type": "ListItem",
                "position": 1,
                "name": "Swiss Re Group",
                "item": "https://www.swissre.com/"
            },
            {
                "@type": "ListItem",
                "position": 2,
                "name": "About us",
                "item": "https://www.swissre.com/about-us.html"
            }
        ]
    }
]
/media/press-release/pr-20260507-q1-2026-press-release.html
[
    {
        "@context": "https://schema.org",
        "@type": "WebSite",
        "contentCategory": "Press Release",
        "name": "Swiss Re delivers a net income of USD 1.5 billion for the first quarter | Swiss Re",
        "url": "https://www.swissre.com/media/press-release/pr-20260507-q1-2026-press-release.html",
        "headline": "Swiss Re delivers a net income of USD 1.5 billion for the first quarter",
        "description": "Swiss Re achieves USD 1.5 billion net income in Q1 2026, reflecting strong business unit performance and investment contributions.",
        "image": [
            "https://www.swissre.com/dam/jcr:2ac6319f-af2f-4976-b68b-1cab952e317d/SRN-and-Altbau.jpg"
        ],
        "datePublished": "2026-05-07T06:51:22+02:00",
        "dateModified": "2026-05-06T20:01:34+02:00",
        "publisher": {
            "@type": "Organization",
            "name": "Swiss Re Group",
            "logo": {
                "@type": "ImageObject",
                "url": "https://www.swissre.com/.resources/swissre-web/webresources/img/logos/SR_Logo_Group.png"
            }
        },
        "potentialAction": {
            "@type": "SearchAction",
            "target": "https://www.swissre.com/search-page.html?searchterm={search_term_string}",
            "query-input": "required name=search_term_string"
        }
    },
    {
        "@context": "https://schema.org",
        "@type": "BreadcrumbList",
        "itemListElement": [
            {
                "@type": "ListItem",
                "position": 1,
                "name": "Swiss Re Group",
                "item": "https://www.swissre.com/"
            },
            {
                "@type": "ListItem",
                "position": 2,
                "name": "Media",
                "item": "https://www.swissre.com/media.html"
            },
            {
                "@type": "ListItem",
                "position": 3,
                "name": "Press Releases",
                "item": "https://www.swissre.com/media/press-release.html"
            }
        ]
    }
]
/australia_newzealand/
{
    "@context": "https://schema.org",
    "@type": "WebSite",
    "contentCategory": "not-specified",
    "name": "Swiss Re Australia & New Zealand | Swiss Re",
    "url": "https://www.swissre.com/australia_newzealand/",
    "headline": "Swiss Re Australia & New Zealand",
    "description": "Swiss Re Australia & New Zealand",
    "image": [
        "https://www.swissre.com#"
    ],
    "datePublished": "2019-11-04T12:25:48+01:00",
    "dateModified": "2026-04-10T19:31:11+02:00",
    "publisher": {
        "@type": "Organization",
        "name": "Swiss Re AU & NZ",
        "logo": {
            "@type": "ImageObject",
            "url": "https://www.swissre.com/.resources/swissre-web/webresources/img/logos/SR_Logo_Group.png"
        }
    },
    "potentialAction": {
        "@type": "SearchAction",
        "target": "https://www.swissre.com/search-page.html?searchterm={search_term_string}",
        "query-input": "required name=search_term_string"
    }
}

Your Diagnosis

Before revealing the machine’s verdict, predict the BS score for each signal. Higher = more BS (more fluff, less verifiable substance). Drag each slider, then submit to compare your judgment against the engine.

Information Density 0 / 30
Read the Narrative & headings: do hard facts (prices, dates, numbers) outweigh fluff power-words?
Semantic Coherence 0 / 20
Compare the homepage promise against the sub-page reality. Do they hold the same line?
Trust & Proof 0 / 20
Weigh review mentions against actual external proof links. Claims without verification = theatre.
Commodity Fingerprint 0 / 15
Check headings & narrative against the industry clichés in the setup above.
Identity & Authority 0 / 15
Inspect the schema: is there real Organization/Person identity with sameAs links, or gaps?
Your predicted BS score 0 / 100
💡 Stuck? Reveal the heuristic lens — how the deterministic page-auditor reads each signal (no AI, pure pattern rules)

These are the structural rules a local, deterministic auditor applies — the same lens you can use to judge each signal. They describe what to look for, not this company’s result.

Information Density

Classify each sentence as substantive or hollow. Grounding markers — numbers, currencies, dates, technical units, named entities — outweigh marketing adjectives. When fluff sits right next to hard evidence, the fluff is forgiven.

Semantic Alignment

Pull the main entities out of the H1, then check whether they actually recur through the body. A page that announces one thing and then talks about another drifts. Headings with no real sentences underneath read as pseudo-substance.

Trust & Proof

Count trust words (review, testimonial, rating, verified) against real outbound proof links (Google, Trustpilot, Clutch, G2, Yelp). Lots of trust language with zero verification links is trust theatre. Unlinked logo galleries count against it.

Commodity Fingerprint

Look at how much sentence length varies. Natural writing varies its rhythm; templated or mass-produced copy is statistically uniform. Very low variation reads as commodity content — unless unique named entities break the pattern.

Identity & Authority

Inspect the JSON-LD. Is there an Organization or Person schema, and does it carry sameAs links to real external profiles (LinkedIn, socials)? Missing schema or no identity declaration signals an anonymous entity.

Want to apply this lens yourself? The free BS Indicator Chrome extension runs these heuristic checks live on any page. Bear in mind it is a single-page, deterministic tool — it relies only on pattern rules for the page in front of it and does not perform the cross-page semantic correlation this audit uses, so its readout is a starting lens, not the full verdict.

B
BS Level
Financial Services, Banking & Insurance
41.6 Avg BS

Based on 988 businesses audited.

BS Detector

Financial Services, Banking & Insurance BS: Swiss Re Group (swissre.com)

https://swissre.com 📍 Industry: Financial Services, Banking & Insurance
12 BS / 100

This is a benchmark for low-BS corporate communication. The site functions as a data-rich portal for stakeholders rather than a lead-generation funnel. It substitutes marketing adjectives with balance sheet nouns.

Info Density Power-words vs. Substance ratio.
4
13% BS
Semantic Coherence Homepage promise vs. Sub-page reality.
0
0% BS
Trust & Proof Verifiable evidence vs. Trust Theatre.
1
5% BS
Commodity Fingerprint Detection of industry clichés/templates.
5
33% BS
Identity & Authority Expert verifiability & Schema depth.
2
13% BS

Integrate Person schema with sameAs links for the named CEO and CFO to strengthen digital authority. Reduce the repetitive use of the word resilience in H3 tags to avoid semantic saturation. Provide direct links to the mentioned 2025 Financial Condition Report within the Our businesses section. Add specific case study links to the Risk Data Solutions section to match the transparency of the Reinsurance divisions.

The content perfectly matches the Reinsurance and Financial Services category. Every page, from the detailed office location list to the dense Q1 2026 financial disclosure, confirms a focus on B2B risk transfer and capital management.

“The score of 12 is driven by a very high body substance ratio and the massive volume of specific, dated evidence. Small penalties were applied in the Commodity Fingerprint pillar for the use of resilience as a thematic buzzword and in Identity and Authority for the lack of deeper Person-level structured data.”

Verified Analysis Date: June 19, 2026 © 1EuroSEO Independent Evaluator — Non-Sponsored Result