• Net profit was 46% below consensus expectations. • The combined ratio of P&C Re increased to 107.8% and to 127.9% for Corporate Solutions in 2019. • Management proposed a 5% higher dividend of CHF5.90 per share for FY2019 and a new share buy-back programme of up to CHF1.0bn. • However, Swiss Re has funded the biggest share of the dividend payments for FY2017 to FY2019 and the share buy-back programme by its equity substance and not by EPS generation in this period.
20 Feb 2020
Disappointing net profit for FY2019 much below expectations
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Disappointing net profit for FY2019 much below expectations
Swiss Re AG (0QL6:LON) | 0 0 (-0.7%) | Mkt Cap: 32,740m
- Published:
20 Feb 2020 -
Author:
Dieter Hein -
Pages:
3
• Net profit was 46% below consensus expectations. • The combined ratio of P&C Re increased to 107.8% and to 127.9% for Corporate Solutions in 2019. • Management proposed a 5% higher dividend of CHF5.90 per share for FY2019 and a new share buy-back programme of up to CHF1.0bn. • However, Swiss Re has funded the biggest share of the dividend payments for FY2017 to FY2019 and the share buy-back programme by its equity substance and not by EPS generation in this period.