Swiss Re AG
Swiss Re AG, together with its subsidiaries, provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. It operates through Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions segments. The Property & Casualty Reinsurance segment underwrites property reinsurance, including property, credit, surety … Read more
Swiss Re AG (SSREF) - Net Assets
Latest net assets as of December 2025: $25.28 Billion USD
Based on the latest financial reports, Swiss Re AG (SSREF) has net assets worth $25.28 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($133.92 Billion) and total liabilities ($108.64 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $25.28 Billion |
| % of Total Assets | 18.88% |
| Annual Growth Rate | 1.57% |
| 5-Year Change | 6.75% |
| 10-Year Change | -29.23% |
| Growth Volatility | 24.84 |
Swiss Re AG - Net Assets Trend (2005–2025)
This chart illustrates how Swiss Re AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Swiss Re AG (2005–2025)
The table below shows the annual net assets of Swiss Re AG from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $25.28 Billion | +8.77% |
| 2024-12-31 | $23.24 Billion | +3.11% |
| 2023-12-31 | $22.54 Billion | +75.96% |
| 2022-12-31 | $12.81 Billion | -45.90% |
| 2021-12-31 | $23.68 Billion | -13.13% |
| 2020-12-31 | $27.26 Billion | -12.18% |
| 2019-12-31 | $31.04 Billion | +8.04% |
| 2018-12-31 | $28.73 Billion | -16.23% |
| 2017-12-31 | $34.29 Billion | -3.98% |
| 2016-12-31 | $35.72 Billion | +6.28% |
| 2015-12-31 | $33.61 Billion | -6.76% |
| 2014-12-31 | $36.04 Billion | +9.29% |
| 2013-12-31 | $32.98 Billion | -3.08% |
| 2012-12-31 | $34.03 Billion | +8.75% |
| 2011-12-31 | $31.29 Billion | +16.28% |
| 2010-12-31 | $26.91 Billion | +6.28% |
| 2009-12-31 | $25.31 Billion | +32.53% |
| 2008-12-31 | $19.10 Billion | -32.00% |
| 2007-12-31 | $28.09 Billion | +10.95% |
| 2006-12-31 | $25.32 Billion | +36.70% |
| 2005-12-31 | $18.52 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Swiss Re AG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $24.65 Billion | 100.00% |
| Total Equity | $24.65 Billion | 100.00% |
Swiss Re AG Competitors by Market Cap
The table below lists competitors of Swiss Re AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xcel Energy Inc
NASDAQ:XEL
|
$48.03 Billion |
|
Standard Chartered PLC
PINK:SCBFY
|
$48.20 Billion |
|
Itau Unibanco Banco Holding SA
NYSE:ITUB
|
$48.32 Billion |
|
Agnico-Eagle Mines Ltd.
LSE:0R2J
|
$48.39 Billion |
|
AIRBNB INC. DL-01
F:6Z1
|
$47.87 Billion |
|
Nippon Telegraph & Telephone Corp
PINK:NPPXF
|
$47.81 Billion |
|
Dell Technologies Inc
NYSE:DELL
|
$47.62 Billion |
|
Takeda Pharmaceutical Co. Ltd.
PINK:TKPHF
|
$47.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Swiss Re AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 23,106,000,000 to 24,653,820,000, a change of 1,547,820,000 (6.7%).
- Net income of 4,965,507,128 contributed positively to equity growth.
- Other factors decreased equity by 3,417,687,128.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.97 Billion | +20.14% |
| Other Changes | $-3.42 Billion | -13.86% |
| Total Change | $- | 6.70% |
Book Value vs Market Value Analysis
This analysis compares Swiss Re AG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.11x to 2.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $55.66 | $173.20 | x |
| 2006-12-31 | $67.47 | $173.20 | x |
| 2007-12-31 | $73.25 | $173.20 | x |
| 2008-12-31 | $57.70 | $173.20 | x |
| 2009-12-31 | $73.94 | $173.20 | x |
| 2010-12-31 | $56.40 | $173.20 | x |
| 2011-12-31 | $84.01 | $173.20 | x |
| 2012-12-31 | $91.23 | $173.20 | x |
| 2013-12-31 | $96.30 | $173.20 | x |
| 2014-12-31 | $105.00 | $173.20 | x |
| 2015-12-31 | $88.22 | $173.20 | x |
| 2016-12-31 | $96.50 | $173.20 | x |
| 2017-12-31 | $106.20 | $173.20 | x |
| 2018-12-31 | $89.05 | $173.20 | x |
| 2019-12-31 | $91.52 | $173.20 | x |
| 2020-12-31 | $82.96 | $173.20 | x |
| 2021-12-31 | $70.84 | $173.20 | x |
| 2022-12-31 | $38.74 | $173.20 | x |
| 2023-12-31 | $52.45 | $173.20 | x |
| 2024-12-31 | $71.06 | $173.20 | x |
| 2025-12-31 | $82.52 | $173.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Swiss Re AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.14%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.89%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 5.43x
- Recent ROE (20.14%) is above the historical average (8.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 9.45% | 6.06% | 0.17x | 9.07x | $-102.73 Million |
| 2006 | 14.76% | 11.18% | 0.14x | 9.43x | $1.21 Billion |
| 2007 | 13.06% | 9.71% | 0.14x | 9.64x | $859.71 Million |
| 2008 | -4.22% | -3.46% | 0.10x | 11.73x | $-2.72 Billion |
| 2009 | 1.93% | 1.52% | 0.14x | 9.18x | $-2.04 Billion |
| 2010 | 8.42% | 7.40% | 0.13x | 9.01x | $-400.20 Million |
| 2011 | 8.87% | 9.45% | 0.12x | 7.63x | $-333.00 Million |
| 2012 | 12.52% | 12.70% | 0.16x | 6.35x | $856.80 Million |
| 2013 | 13.69% | 12.34% | 0.17x | 6.48x | $1.22 Billion |
| 2014 | 9.93% | 9.58% | 0.18x | 5.69x | $-24.00 Million |
| 2015 | 13.92% | 13.08% | 0.18x | 5.85x | $1.31 Billion |
| 2016 | 10.18% | 8.29% | 0.20x | 6.04x | $62.60 Million |
| 2017 | 1.17% | 0.94% | 0.19x | 6.52x | $-3.01 Billion |
| 2018 | 1.65% | 1.25% | 0.18x | 7.43x | $-2.33 Billion |
| 2019 | 2.49% | 1.48% | 0.21x | 8.16x | $-2.20 Billion |
| 2020 | -3.24% | -2.01% | 0.24x | 6.73x | $-3.59 Billion |
| 2021 | 6.10% | 3.13% | 0.25x | 7.70x | $-919.80 Million |
| 2022 | 3.72% | 1.03% | 0.27x | 13.44x | $-797.90 Million |
| 2023 | 19.27% | 7.13% | 0.33x | 8.29x | $1.50 Billion |
| 2024 | 14.03% | 6.93% | 0.37x | 5.51x | $930.40 Million |
| 2025 | 20.14% | 9.89% | 0.38x | 5.43x | $2.50 Billion |
Industry Comparison
This section compares Swiss Re AG's net assets metrics with peer companies in the Insurance - Reinsurance industry.
Industry Context
- Industry: Insurance - Reinsurance
- Average net assets among peers: $2,246,985,500
- Average return on equity (ROE) among peers: 10.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Swiss Re AG (SSREF) | $25.28 Billion | 9.45% | 4.30x | $47.98 Billion |
| American Overseas Group Ltd (AOREF) | $45.88 Million | 20.49% | 18.04x | $3.88 Million |
| Conduit Holdings Limited (CNDHF) | $867.20 Million | -5.06% | 0.40x | $631.85 Million |
| COFACE SA (COFAF) | $2.05 Billion | 11.71% | 2.85x | $1.65 Billion |
| Everest Group Ltd (EG) | $6.10 Billion | 13.23% | 1.95x | $9.67 Billion |
| Greenlight Capital Re Ltd (GLRE) | $839.16 Million | 10.80% | 1.79x | $435.07 Million |
| GEROVA Financial Group Ltd (GVFG) | $71.50 Million | 0.47% | 0.62x | $5.00 |
| Hamilton Insurance Group, Ltd. (HG) | $2.05 Billion | 12.63% | 2.26x | $1.35 Billion |
| Hannover Rück SE (HVRRF) | $6.53 Billion | 13.71% | 7.26x | $18.13 Billion |
| Hannover Re (HVRRY) | $2.90 Billion | 20.80% | 13.28x | $2.89 Billion |
| Maiden Holdings Ltd (MHLD) | $1.02 Billion | 4.94% | 3.07x | $32.93 Million |