Swiss Re proposes dividend of USD 6.40 per share, supported by very strong capital position - Seite 2

Swiss Re's Economic Value Management (EVM) results

EVM is Swiss Re's proprietary integrated economic valuation and steering framework, which consistently measures economic performance across all businesses.

 

Total economic net worth (ENW) decreased to USD 31.1 billion as of 31 December 2022 from USD 35.4 billion as of 31 December 2021. ENW per share was USD 107.64 (CHF 99.57) as of 31 December 2022. ENW per share growth amounted to –5.9% in 2022.

The result was impacted by the war in Ukraine, reserve adjustments for economic inflation, the decline in global equity markets and credit spread widening, elevated natural catastrophe losses, updates to the internal pandemic risk model and inflation scenarios, as well as Life & Health Reinsurance assumption updates.

Providing a partial compensation was the strong EVM profit on new business, driven by solid margins in Life & Health Reinsurance, as well as strong new business performance by Property & Casualty Reinsurance and Corporate Solutions.

Publication of the 2022 Annual Report and Sustainability Report
Swiss Re today published its 2022 Annual Report, consisting of the Business Report and the Financial Report, as well as the Sustainability Report. The Business Report explores how Swiss Re is building innovative risk solutions and client partnerships in areas such as natural catastrophe resilience, supply chain risks for corporations as well as health and wellbeing. The Financial Report includes the audited consolidated and statutory financial statements for 2022. Both the 2022 Annual Report and the Sustainability Report are available on Swiss Re's Annual Report website. In addition, the SRZ (Swiss Reinsurance Company Ltd) Annual Report 2022 is available here.

Swiss Re 2023 Annual General Meeting
The agenda for the 2023 AGM, published by the Board of Directors of Swiss Re Ltd, includes but is not limited to:

• Proposal for a distribution of an ordinary dividend of USD 6.40 per share for the 2022 financial year.
• Proposal for the re-election of Sergio P. Ermotti as Chairman and a member of the Board of Directors for a one-year term of office until completion of the next AGM.
• Proposal for the re-election of the other members of the Board of Directors for a one-year term of office.
• Proposal for election of Vanessa Lau and Pia Tischhauser as new members of the Board of Directors for a one-year term of office.
• Proposal for the re-election of the members of the Compensation Committee and for the election of Jay Ralph as a new member of the Compensation Committee.
• Approval of the compensation of the Board of Directors and the Group Executive Committee, as well as a consultative vote on the 2022 Compensation Report.
• Proposal to align Swiss Re Ltd's Articles of Association with the revised Swiss Corporate Law.

Swiss Re's Chairman Sergio P. Ermotti said: "On behalf of my colleagues, I would like to thank Sue and Renato for their great dedication and commitment to Swiss Re over many years. They both contributed strongly to our company's strategic development. Their guidance and governance expertise will be thoroughly missed. We wish them all the best for the future."