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Last $21.59 USD
Change Today -0.10 / -0.46%
Volume 69.0K
SSREY On Other Exchanges
Symbol
Exchange
OTC US
OTC US
Mexico
SIX Swiss Ex
Frankfurt
Frankfurt
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

swiss re ltd-spn adr (SSREY) Key Developments

Swiss Re Ltd. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Swiss Re Ltd. announced consolidated earnings results for the second quarter and six months ended June 30, 2015. The company has reported that net income attributable to common shareholders for the second quarter ended June 30, 2015 was $820 million, or $2.20 per diluted share, compared to $802 million, or $2.16 per diluted share, for the same quarter ended June 30, 2014. Total revenues for the second quarter ended June 30, 2015 were $7.62 billion, compared to $9.38 billion for the same quarter ended June 30, 2014. Return on equity (annualized) was 9.5% compared to 9.7% a year ago. Net income attributable to common shareholders for the first six months second quarter ended June 30, 2015 was $2.26 billion, or $6.03 per diluted share, compared to $2.03 billion, or $5.44 per diluted share, for the same period ended June 30, 2014. Total revenues for the first six months ended June 30, 2015 were $18.09 billion, compared to $18.33 billion for the same period ended June 30, 2014. Return on equity (annualized) was 13.5% compared to 12.6% a year ago.

Swiss Re Mulls Acquisitions

Swiss Re Ltd (SWX:SREN) is seeking acquisitions. David Cole, Group Chief Financial Officer of Swiss Re said, “The nature of that business is that we seek to acquire profitable new blocks of business, so as and when we would be able to secure such a block we would also be willing to invest capital back into that business.” Michel Lies, Group Chief Executive Officer of Swiss Re, said “On your second question, Xinmei, first, as a player, we said several times that in our activities there is one which is definitively based on potential acquisitions.”

Swiss Re In Talks For Nigerian Acquisition

Swiss Re Ltd (SWX:SREN) is in talks with Nigerian insurers to buy minority stakes and benefit from growth in the continent's largest economy. "We'd like to have more investments in places like Nigeria," Frank O'Neill, Swiss Re's Chief Executive Officer for the Middle East and Africa, said. "The challenge is that the valuations are rich. We're looking for the right kind of partners at a price that makes sense. We're at an early stage in talks, but we're positive on the market opportunities." "The direct investments aren't about having a footprint, it's to benefit from the growth in primary insurance," O'Neill said. "Africa is very attractive from a return perspective. The investments also give us a seat on the board and on-the ground-experience. We want more of them in the region."

Swiss Re Ltd Presents at Mexico Trade & Export Finance Forum, May-28-2015 04:15 PM

Swiss Re Ltd Presents at Mexico Trade & Export Finance Forum, May-28-2015 04:15 PM. Venue: Hyatt Regency, Mexico City, Mexico. Speakers: Andreas Dobner, Head Credit & Surety Hub Latin America, Director.

Swiss Re Reports Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for the Full Year 2015

Swiss Re reported earnings results for the first quarter ended March 31, 2015. The company has reported that net income attributable to common shareholders for the first quarter ended March 31, 2015 was $1.44 billion, or $3.83 per diluted share, compared to $1.23 billion, or $3.28 per diluted share, for the same quarter ended March 31, 2014. The company said that the result was driven by profitability across all business units and strong investment results. Total revenues for the first quarter ended March 31, 2015 were $10.46 billion, compared to $8.94 billion for the same quarter ended March 31, 2014. Income before income tax expense for the first quarter ended March 31, 2015 was $1.75 billion, compared to $1.53 billion for the same quarter ended March 31, 2014. Earned insurance premiums and fee income rose slightly to $7.56 billion from $7.55 billion in 2014. The company reaffirms that it expects to achieve ROE between 10% and 12% on the then-current equity base of $5.5 billion in full year 2015. The company said that it would be appropriate to think about a rate of 20%, 22% in full year 2015.

 

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SSREY

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Valuation SSREY Industry Range
Price/Earnings 5.2x
Price/Sales 0.5x
Price/Book 0.5x
Price/Cash Flow 5.0x
TEV/Sales NM Not Meaningful
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