Swiss Re Earnings Drop: Revenue and Profit Margin Decline in Q3 2023

Swiss Re Financial Highlights

• Revenue: US$11.2 billion, decreased by 15% from 3Q 2023.
• Net Income: US$102.0 million, down 90% compared to 3Q 2023.
• Profit Margin: 0.9%, down from 7.8% in 3Q 2023 due to lower revenue.
• Earnings Per Share (EPS): US$0.35, decreased from US$3.52 in 3Q 2023.

Future Outlook

• Revenue is expected to grow by an average of 4.2% per year over the next three years.
• In Switzerland, the insurance industry is projected to remain flat during this period.

Stock Performance

• Swiss Re shares have increased by 3.4% over the past week.

Additional Information

• Companies face risks. One significant warning sign for Swiss Re has been identified. For more details, click here.

Note: Figures reflect the trailing 12 month (TTM) period.