Swiss Re has announced its intention to propose a dividend increase to USD 7.35 per share, marking an 8% rise. This decision follows the company's strong capital position and positive financial results for 2024, with a Group Swiss Solvency Test (SST) ratio of 257% as of January 1, 2025.
The company also released its Annual Report and Sustainability Report for 2024. The Sustainability Report includes a Climate Transition Plan aimed at achieving net zero greenhouse gas emissions by 2050.
Swiss Re's Chairman Jacques de Vaucleroy commented on the company's performance: "In 2024, Swiss Re strengthened the foundations of its business while focusing on disciplined underwriting and cost efficiency."
Additionally, Swiss Re is proposing Morten Hübbe and George Quinn as new members of the Board of Directors. Hübbe has previously served as Group CEO of Tryg, while Quinn was Group CFO at Zurich Insurance Group.
De Vaucleroy expressed enthusiasm about the nominations: "We are delighted to attract two outstanding industry professionals for election to our Board of Directors."
The upcoming Annual General Meeting (AGM) will include proposals for board elections and re-elections, compensation approvals, and a consultative vote on the Sustainability Report. The AGM is scheduled for April 11, 2025, in Zurich.
Both reports are available online along with further details about Swiss Re's strategic initiatives and financial performance.