Swiss Re AG
About the company
Swiss Re AG, together with its subsidiaries, provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions segments. The Property & Casualty Reinsurance segment underwrites property reinsurance, including property, credit, surety and political, engineering and project, aviation, marine, agriculture, renewable energy, retakaful, and facultative reinsurance solutions; and casualty reinsurance, such as liability, motor, worker's compensation, personal accident, management and professional liability, cyber, and facultative reinsurance solutions. Its Life & Health Reinsurance segment underwrites life and health insurance products. The Corporate Solutions segment offers standard risk transfer covers and multi-line programs to customized solutions. It serves stock and mutual insurance companies, public sector and governmental entities, mid-sized and large corporations, and individuals. The company was founded in 1863 and is headquartered in Zurich, Switzerland.
Price within modeled range
Why: Banks, insurers and other financials are valued on the dividends they pay, not on free cash flow.
The range depends on model assumptions and data; it is not a prediction or investment advice.
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Market price within modeled range
Showing the EPS-based Gordon proxy you selected on the company card, using 2.19% growth, 2.4% terminal growth and 9.6% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.
Assumptions: growth 2.19%, discount rate 9.60%, terminal growth 2.40% (sector defaults). See a worked example.
Blended growth assumption: 2.2% (sector default 5.4%, own revenue history 2.3%, analyst revenue consensus 0.6%).
5-year outlook: relative outlook of about 3.6% a year (Medium confidence), anchored to a 7% market return and adjusted for how this company ranks against others. A ranking aid, not a prediction. See the full forecast.
Analyst consensus expects revenue growth of 0.6% a year; the growth assumption used is 2.2%.
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Show the recommended model instead
Why this model: Banks, insurers and other financials are valued on the dividends they pay, not on free cash flow.
Compare models- Recommended: Dividend discount model — CHF 86.00 (-43.4%)
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EPS-based Gordon proxy
— CHF 188.11 (+23.8%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— CHF 105.37 (-30.7%)
Not used: Cash-flow models do not suit banks and insurers, whose cash flow is mostly funding and deposits.
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FCFF (steady state)
— CHF 106.48 (-29.9%)
Not used: Cash-flow models do not suit banks and insurers, whose cash flow is mostly funding and deposits.
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EV/EBITDA (12x)
— CHF 209.37 (+37.8%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— CHF 105.41 (-30.6%)
Not used: Cash-flow models do not suit banks and insurers, whose cash flow is mostly funding and deposits.
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EV/Sales (Rule of 40)
— CHF 420.80 (+176.9%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear CHF 146.68 | -3.6% |
| Base CHF 188.11 | 19.2% |
| Bull CHF 225.29 | 32.6% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
1 year price change: +7.71% · CHF 151.95 · Market data through 06 Nov 2026 ; dashed line is today’s model base value (CHF 188.11). The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 06 Nov 2026; last refreshed 06 Nov 2026 18:44 (1 hour, 49 minutes ago).
06 Nov 2025Range CHF 114.45 – 159.2006 Nov 2026
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 82 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +2.3% a year | 12 / 20 |
| Balance sheet | net debt 0.9x EBITDA | 20 / 20 |
| Margins | EBITDA margin 14% | 10 / 20 |
Peers in Financials
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| SREN.SW (this company) | CHF 151.95 | -76.7% | 11.1 | 2.2 | 4.1% | 82 |
| PSH.L Pershing Square Holdings, Ltd. | GBP 38.66 | 68.4% | 3.7 | 0.6 | 1.3% | 76 |
| LRE.L Lancashire Holdings Limited | GBP 6.86 | 45.8% | 7.1 | 1.6 | 3.3% | 76 |
| ACA.PA Credit Agricole S.A. | EUR 15.84 | 36.1% | 6.8 | 0.7 | 6.9% | 78 |
| PRU.L Prudential plc | GBP 9.23 | 34.4% | 8.0 | 1.6 | 1.9% | 78 |
| V Visa Inc. | USD 422.59 | 33.3% | 8.9 | – | 0.2% | 100 |
| AGS.BR ageas SA/NV | EUR 77.50 | 32.6% | 8.1 | 1.5 | 5.0% | 76 |
| NWG.L NatWest Group plc | GBP 5.87 | 30.2% | 8.2 | 1.3 | 5.0% | 88 |
| SYF Synchrony Financial | USD 74.07 | 29.9% | 7.2 | 1.4 | 2.1% | 100 |
| Peer median | 7.6 | 1.4 | ||||
Dividends
Paid in the last 12 months: CHF 6.30 per share · yield 4.15% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 6.301 |
| 2025 | 6.008 |
| 2024 | 6.216 |
| 2023 | 5.721 |
| 2022 | 5.900 |
| 2021 | 5.900 |
Annual financial statement
Saved annual report · Fiscal year 2025 · EODHD annual statements · period ended 31 Dec 2025
| Revenue | CHF 41,218,759,669 |
|---|---|
| EBITDA | CHF 5,639,068,156 |
| EBIT | CHF 5,342,757,141 |
| Net income | CHF 4,075,191,807 |
| Free cash flow | CHF 2,596,430,227 |
| Capital expenditures | CHF 5 |
| Debt | CHF 7,365,872,971 |
| Cash | CHF 2,249,703,720 |
| Working capital | CHF -60,666,676,593 |
| Shares outstanding | 298,761,000 |
| Reported dividends per share | CHF 6.2360 |