May 04, 2023 / 12:00PM GMT
Operator
Good morning or good afternoon. Welcome to Swiss Re's First Quarter 2023 Results Conference Call. Please note that today's conference call is being recorded. At this time, I would like to turn the conference over to John Dacey, Group CFO. Please go ahead.
John Robert Dacey - Swiss Re AG - Group CFO
Thank you very much, and good morning or good afternoon to everyone on the call for me. I'm here with Thomas Bohun, our Head of Investor Relations, to talk you through the first quarter 2023 results. Before we go to Q&A, allow me to make a few quick remarks on the release we put out this morning.
The first quarter represents a solid start into the year for Swiss Re with a net income of $643 million. Our objective is to make more than $3 billion this year. We believe we are on track, and there are a few key drivers for this. First, in P&C Re, we earn the majority of our nat cat premiums in the second half of the year when the Atlantic and Pacific storm seasons occur. Assuming normal experience, this is expected to benefit the combined ratio. We are
Q1 2023 Swiss Re AG Earnings Call Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot