Swiss Re proposes dividend of USD 6.40 per share, supported by very strong capital position

Swiss Re Ltd / Key word(s): AGMEGM/Annual Results Swiss Re proposes dividend of USD 6.40 per share, supported by very strong capital position 16-March-2023 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Article 53 LR

• Swiss Re maintains a very strong capital position; Group Swiss Solvency Test (SST) ratio of 294% as of 1 January 2023
• Renato Fassbind and Susan L. Wagner will not stand for re-election to the Board of Directors; all other members are proposed for re-election for a one-year term
• Swiss Re proposes to elect Vanessa Lau and Pia Tischhauser as new Board members for a one-year term

Zurich, 16 March 2023 – Swiss Re today published its 2022 Annual Report, Sustainability Report and the agenda for the upcoming Annual General Meeting of shareholders (AGM) on 12 April 2023.

Consistent with its capital management priorities, Swiss Re continues to focus on ensuring superior capitalisation while remaining committed to its capital return policy and deploying capital to profitable growth opportunities. The Group's capital position remains very strong with a Group SST ratio of 294% as of 1 January 2023. Combined with a positive business outlook, Swiss Re's Board of Directors decided to propose a dividend of USD 6.40 per share. As previously announced, the dividend payment is declared in US dollars starting this year, to align with Swiss Re's reporting currency.

Swiss Re's Chairman Sergio P. Ermotti said: "Although 2022 was a challenging year, our very strong capital position allows us to fulfil our commitment to the shareholders by proposing a dividend of USD 6.40 per share. We are confident that our businesses are well-positioned for the future, and the new targets for 2023, announced last month, reflect our ambition to drive profitability and create shareholder value."