Swiss Re: Lower Outstanding Shares And Solid Results, Buy Confirmed

Mare Evidence Lab
5.74K Followers
(7min)

Summary

  • Swiss Re remains a Buy, driven by robust earnings growth and a strong solvency ratio.
  • Q1 results exceeded expectations, with net profit boosted by lower tax and investment gains, and core profitability showing structural improvement in the combined ratio evolution.
  • We raised our target price, reflecting higher EPS estimates from share buybacks.

Swiss Re - headquarters

Rafael_Wiedenmeier/iStock Unreleased via Getty Images

This year, we initiated coverage of Swiss Re AG (OTCPK:SSREF, OTCPK:SSREY), recording a 27.5% performance, including the dividend payment (Fig. 1). Considering the volatile market momentum, this performance stands out as particularly strong. Swiss Re investment equity story remain

This article was written by

5.74K Followers
Buy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and must be treated as such. We take no responsibility for your investments but wish you best of luck.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SSREY, SSREF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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