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E Swiss Re News release Swiss Re reports strong underlying performance in 2020 , despite large losses related to COVID - 19 , and reaffirms a positive outlook Swiss Re Group net loss of USD 878 million for 2020 Excluding COVID - 19 claims and reserves ( pre - tax ) of USD 3.9 billion , Group net income rose to USD 2.2 billion from USD 727 million in 2019 , return on equity ( ROE ) of 7.3 % Property and Casualty Reinsurance ( P & C Re ) net loss of USD 247 million ; excluding COVID - 19 impact , net income of USD 1.3 billion and ROE of 13.2 % Nominal price increases of 6.5 % achieved in January 2021 P & C Re renewals ; focus on portfolio quality allows for an improved 2021 normalised combined ratio estimate of less than 95 % Life and Health Reinsurance ( L & H Re ) net income of USD 71 million ; excluding COVID - 19 losses , net income of USD 855 million and ROE of 10.4 % Corporate Solutions turnaround ahead of plan ; excluding COVID 19 losses , net income increased to USD 393 million , with an ROE of 16.5 % Life Capital successfully closed ReAssure sale , delivering a dividend of USD 1.5 billion to the Group ; continued dynamic growth at iptiQ Strong return on investments ( ROI ) of 3.5 % Swiss Re maintains a very strong capital position , with a Group Swiss Solvency Test ( SST ) ratio as of 1 January 2021 within the new target range of 200-250 % Board of Directors to propose a stable dividend of CHF 5.90 per share Zurich , 19 February 2021 - Swiss Re reported a Group net loss of USD 878 million for 2020. Excluding USD 3.9 billion of COVID - 19 related claims and reserves ( pre - tax ) for the year , Swiss Re's net income was USD 2.2 billion , a material increase from USD 727 million in 2019. Based on the Group's very strong capital position and positive market outlook , the Board of Directors will propose a dividend of CHF 5.90 per share at the Annual General Meeting on 16 April 2021 . Swiss Re's Group Chief Executive Officer Christian Mumenthaler said : “ The COVID - 19 pandemic continues to affect communities and businesses across the globe . The start of vaccination efforts brings hope that the situation will improve soon . Our Group has gone through this crisis with confidence and Media Relations , Zurich Telephone +41 43 285 7171 New York Telephone +1 914 828 6511 Singapore Telephone +65 6232 3302 Investor Relations , Zurich Telephone +41 43 285 4444 Swiss Re Ltd Mythenquai 50/60 CH - 8022 Zurich Telephone +41 43 285 2121 www.swissre.com @SwissRe 1/8