Financials Swiss Re AG Mexican S.E.

Stocks

SREN N

CH0126881561

Reinsurance

End-of-day quote Mexican S.E. Other stock markets 2026-03-12			5-day change	1st Jan Change
2,914.08 ^MXN	-0.01%		-.--%	-1.01%

07-14	SWISS REINSURANCE COMPANY : JP Morgan sticks Neutral	ZD
07-13	SWISS REINSURANCE COMPANY : Jefferies gives a Neutral rating	ZD

Projected Income Statement: Swiss Re AG

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	42,467	42,868	44,756	45,598	43,136	42,690	43,181	44,738
Change	-	0.94%	4.4%	1.88%	-5.4%	-1.03%	1.15%	3.61%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	2,402	1,221	4,994	4,593	6,559	6,406	6,162	5,912
Change	-	-49.17%	309.01%	-8.03%	42.8%	-2.33%	-3.82%	-4.05%
Interest Paid ¹	-571	-570	-556	-460	-482	-475.8	-485.8	-490
Earnings before Tax (EBT) ¹	1,831	651	4,438	4,133	6,077	6,011	5,798	6,021
Change	-	-64.45%	581.72%	-6.87%	47.04%	-1.08%	-3.55%	3.84%
Net income ¹	1,437	472	3,214	3,241	4,740	4,646	4,510	4,581
Change	-	-67.15%	580.93%	0.84%	46.25%	-1.99%	-2.92%	1.57%
Announcement Date	2/25/22	2/17/23	2/16/24	2/27/25	2/27/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	10,212	-	-	10,517	10,558	10,503	11,107	10,700	11,016	11,006	11,510	11,224	11,676	10,803	11,232	11,887	10,405	10,542	11,052	11,138	10,034	10,276	10,816	10,928	9,920	-	-	-
Change	-	-	-	-	0.39%	-0.52%	5.75%	-3.66%	2.95%	-0.09%	4.58%	-2.48%	4.03%	-7.48%	3.97%	5.83%	-12.47%	1.32%	4.84%	0.78%	-9.91%	2.41%	5.25%	1.04%	-9.23%	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	-	-	304	-194	715	-436	1,136	947	1,227	1,517	1,303	1,531	1,427	274	1,361	1,596	1,675	2,019	1,059	2,377	1,671	1,600	1,512	1,965	-	-	-
Change	-	-	-	-	-163.82%	468.56%	-160.98%	360.55%	-16.64%	29.57%	23.63%	-14.11%	17.5%	-6.79%	-80.8%	396.72%	17.27%	4.95%	20.54%	-47.55%	124.46%	-29.7%	-4.27%	-5.49%	29.96%	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-111	-123	-117	-109	-114	-130	-123	-115	-	-125	-125	-135	-	-	-	-
Earnings before Tax (EBT) ¹	417	-	300	170	-328	549	-590	1,020	807	1,048	1,354	1,229	1,420	1,304	157	1,252	1,482	1,457	1,896	944	1,955	1,443	1,359	1,281	1,380	1,494	1,291	1,428
Change	-	-	-	-43.33%	-292.94%	267.38%	-207.47%	272.88%	-20.88%	29.86%	29.2%	-9.23%	15.54%	-8.17%	-87.96%	697.45%	18.37%	-1.69%	30.13%	-50.21%	107.1%	-26.17%	-5.83%	-5.74%	7.75%	8.23%	-13.58%	10.64%
Net income ¹	333	713	212	179	-248	405	-442	757	643	804	1,019	748	1,092	996	102	1,051	1,267	1,110	1,428	717	1,506	1,170	1,080	987.5	1,251	1,168	1,009	1,116
Change	-	114.11%	-70.27%	-15.57%	-238.55%	263.31%	-209.14%	271.27%	-15.06%	25.04%	26.74%	-26.59%	45.99%	-8.79%	-89.76%	930.39%	20.55%	-12.39%	28.65%	-49.79%	110.04%	-22.32%	-7.65%	-8.6%	26.68%	-6.61%	-13.6%	10.56%
Announcement Date	4/30/21	7/30/21	10/29/21	2/25/22	5/5/22	7/29/22	10/28/22	2/17/23	5/4/23	8/4/23	11/3/23	2/16/24	5/16/24	8/21/24	11/14/24	2/27/25	5/16/25	8/14/25	11/14/25	2/27/26	5/7/26	-	-	-	-	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2022 S1	2023 S1	2024 S1
Net sales	21,061	22,022	-
Change	-	4.56%	-
EBITDA	-	-	-
Change	-	-	-
EBIT	-	-	-
Change	-	-	-
Charge d'intérêts ¹	-	-	-234
Earnings before Tax (EBT) ¹	-	-	2,724
Change	-	-	-
Net income ¹	157	1,447	2,088
Change	-	821.66%	44.3%
Announcement Date	7/29/22	8/4/23	8/21/24

¹USD in Million

Estimates

Forecast Balance Sheet: Swiss Re AG

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	6,134	6,961	5,234	3,128	5,794	-	-	-
Change	-	13.48%	-24.81%	-40.24%	85.23%	-	-	-
Announcement Date	2/25/22	2/17/23	2/16/24	2/27/25	2/27/26	-	-	-

Estimates

Cash Flow Forecast: Swiss Re AG

Fiscal Period: December	2020	2021	2022	2023	2024	2025
CAPEX ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Free Cash Flow (FCF) ¹	11,606	20,081	9,250	11,283	5,073	3,916
Change	-	73.03%	-53.94%	21.98%	-55.04%	-22.8%
Announcement Date	3/18/21	3/17/22	3/15/23	3/12/24	3/13/25	3/12/26

¹USD in Million

Estimates

Forecast Financial Ratios: Swiss Re AG

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	5.66%	2.85%	11.16%	10.07%	15.21%	15.01%	14.27%	13.21%
EBT Margin (%)	-	4.31%	1.52%	9.92%	9.06%	14.09%	14.08%	13.43%	13.46%
Net margin (%)	-	3.38%	1.1%	7.18%	7.11%	10.99%	10.88%	10.44%	10.24%
FCF margin (%)	-	9.66%	-	-	-	-	-	-	-
FCF / Net Income (%)	-	285.59%	-	-	-	-	-	-	-
Profitability
ROA	-	0.79%	0.27%	1.84%	2.48%	6.03%	4.12%	3.68%	3.44%
ROE	-	5.7%	2.6%	22.3%	15%	19.6%	18.46%	17.29%	16.79%
Financial Health
Leverage (Debt/EBITDA)	-22.28x	3.63x	6.95x	1.83x	0.99x	1.02x	-	-	-
Debt / Free cash flow	0.82x	0.45x	0.98x	0.82x	0.86x	1.65x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	0.89%	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	6.363	6.4	6.8	6.8	7.35	8.648	9.266	9.85
Change	-	-	0.58%	6.25%	0%	8.09%	17.66%	7.14%	6.3%
Book Value Per Share ¹	-	81.56	43.94	55.6	74.44	85.15	90.47	96.72	102.9
Change	-	-	-46.13%	26.54%	33.88%	14.39%	6.25%	6.91%	6.38%
EPS ¹	-	4.97	1.63	11.09	10.88	15.67	15.94	15.73	16.75
Change	-	-	-67.2%	580.37%	-1.89%	44.03%	1.71%	-1.29%	6.5%
Nbr of stocks (in thousands)	-	288,976	288,953	290,400	291,700	294,900	294,100	294,100	294,100
Announcement Date	-	2/25/22	2/17/23	2/16/24	2/27/25	2/27/26	-	-	-