...Leading, Diversified Franchise: Swiss Re's company profile is underpinned by a leading position in the property and casualty (P&C) and life and health (L&H) global reinsurance sector. Its large operating scale is complemented by strong brand recognition, and wide business and geographical diversification. The group also has significant primary commercial insurance operations through the Corporate Solutions division (around 18% of revenue in 2025). Very Strong Capitalisation and Leverage: The group's Swiss solvency test (SST) ratio was 264% at 1 July 2026 and 250% on 1 January 2026 (1 January 2025: 257%), above its target range of 200%-250%, supported by strong earnings. The Fitch Prism Global score was broadly unchanged at the upper end of the 'Very Strong' category at end-2025. Fitch expects Swiss Re to maintain its capital strength in the medium term. The financial leverage ratio (FLR) increased temporarily to 18.6% at end-1H26 from 17.6% at end-2025, primarily due to new issues prefinancing...
