Swiss Re AG (SSREY) Q4 2025 Earnings Call Transcript

SA Transcripts158.7K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Swiss Re AG (SSREY) Q4 2025 Earnings Call February 27, 2026 4:30 AM EST Company Participants Elena Logutenkova - Head of Media Relations & Corporate Reporting Group CommunicationsAlexander Andreas Berger - Group Chief Executive OfficerAnders Malmstrom - Group Chief Financial Officer Conference Call Participants Ben DysonJonathan ProginNathalie Olof-Ors Presentation Elena LogutenkovaHead of Media Relations & Corporate Reporting Group Communications Good morning, everyone, and welcome to Swiss Re's 2025 Full Year Results Media Conference. My name is Elena Logutenkova, I'm Head of Media Relations here, and I'm joined today by our Group CEO, Andreas Berger; and our Group CFO, Anders Malmstrom. They will give you a very quick overview of our results, and then we will be happy to take your questions. With that, Andreas, over to you.

Alexander Andreas BergerGroup Chief Executive Officer So thank you, Elena, and good morning, maybe good afternoon to all of you. It's great to have you, also in the room. What should I say? It's a good day for Swiss Re stakeholders, for our clients, for our investors, but also for Swiss Re and its employees 2025 was a very successful year. Again, I repeat it, we had 2 priorities. Priority #1 was to deliver on our group net income target. Priority #2, the second priority was to increase the resilience of the group, the Swiss Re Group. And in order to improve the consistency of our earnings delivery over time. Now it's -- I'm happy to say we achieved both. We delivered a record group net income of USD 4.8 billion in 2025, against a target of more than USD 4.4 billion in '25. So at the same time, we took decisive steps to further strengthen Swiss Re's resilience for future delivery. That's the second priority I mentioned. To give