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M Swiss Re News release Swiss Re reports net income of USD 1.3 billion for first nine months of 2021 Ad hoc announcement pursuant to Article 53 LR Property and Casualty Reinsurance ( P & C Re ) net income of USD 1.5 billion ; strong combined ratio of 97.5 % as impacts from large - loss events were contained by disciplined underwriting ● ● ● ● Corporate Solutions net income of USD 425 million ; very strong combined ratio of 91.1 % Life and Health Reinsurance ( L & H Re ) net loss narrowed to USD 62 million ; excluding COVID - 19 losses , net income of USD 899 million Strong return on investments ( ROI ) of 3.0 % Very strong capital position with a Group Swiss Solvency Test ( SST ) ratio of 234 % as of 1 July 2021 Excluding COVID - 19 losses , Group net income of USD 2.3 billion and return on equity ( ROE ) of 11.7 % Zurich , 29 October 2021 - Driven by the performance of its property and casualty businesses , Swiss Re reported a Group net income of USD 1.3 billion in the first nine months of 2021 , despite significant large - loss events , particularly in the third quarter . Swiss Re's capital position remained very strong , with a Group SST ratio of 234 % as of 1 July 2021 . Swiss Re's Group Chief Executive Officer Christian Mumenthaler said : " Thanks to the Group's sustained focus on portfolio quality and disciplined underwriting , our property and casualty businesses delivered excellent results in the first nine months of 2021. At the same time , we were able to support communities impacted by natural catastrophes and the COVID - 19 pandemic . " Swiss Re's Group Chief Financial Officer John Dacey said : " P & C Re and Corporate Solutions are delivering on their ambitious targets for this year , with a combined net income of just below USD 2 billion in the first nine months . We are also pleased with the underlying performance of L & H Re , which offset the impact from the pandemic , resulting in a reported profit for the second consecutive quarter . " Swiss Re significantly improves profitability across businesses Swiss Re achieved strong results for the first nine months of 2021 and reported ROE of 6.6 % , against the background of the continued COVID 19 pandemic and large natural catastrophe events . Net premiums earned 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 @Swiss Re 1/7