# Swiss Re 2023 net profit surges, in line with expectations
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2024-02-16
Category: Headlines
Category URL: https://fintechherald.com/category/headlines
Meta Title: Swiss Re 2023 Net Profit Surges 580% - Key Takeaways
Meta Description: Swiss Re's 2023 net profit jumped 580% to $3.214 billion, in line with forecasts. CEO hails achievement amidst global challenges
URL: https://fintechherald.com/swiss-re-2023-net-profit-surges-in-line-with-expectations

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsh86i001bwirgpt97g904/images/2024-02-16t061655z1lynxnpek1f04rrtroptp4ukraine-crisis-aviation-insurance-scaled-1736846692779-compressed.webp)

## **Swiss Re 2023 net profit surges, in line with expectations**   FRANKFURT (Reuters) -Reinsurance company Swiss Re said on Friday that net profit for 2023 surged 580%, in line with expectations, as it recovered from a difficult period a year earlier.    The net profit of $3.214 billion for the year compares with a profit of $472 million a year earlier. Analysts had expected a profit of $3.263 billion, according to a consensus forecast.    The profit marks a recovery from 2022, when the company was absorbing claims from Hurricane Ian in Florida, and as the war in Ukraine, inflation and volatile markets also dampened performance.    The company proposed a 6% increase in its dividend to $6.80 per share.    “We achieved all our financial targets in a year that was characterised by geopolitical turbulence and continued economic uncertainty,” said Chief Executive Officer Christian Mumenthaler.    (Reporting by Tom SimsEditing by Miranda Murray)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---