Swiss Re reports a net income of $4bn for the first nine months of 2025, an 85% increase from the same period last year. The growth is attributed to improved underwriting results in its P&C reinsurance segment, with total insurance revenue decreasing by 5% to $32bn.

The P&C reinsurance division saw a net profit of $2.3bn, up from $607m last year, due to fewer large natural catastrophe losses. The Corporate Solutions division achieved a net income of $693m, while the L&H reinsurance segment posted a net income of $1.05bn, down 12%.

Swiss Re Group CEO Andreas Berger highlighted the company’s focus on delivering financial targets and increasing resilience. He mentioned a strong performance in the first nine months of 2025, putting them on track to meet their net income target of over $4.4bn for the full year.

Berger also commented on the outlook, stating that they are well on-track to meet their net income target for the full year and their combined ratio targets for both property and casualty businesses. The company reported a profit of $1.4bn in Q3 alone.

Read more at Yahoo Finance: Swiss Re reports $4bn net income for 9M 2025