earnings · · 2 min read

Investors Grill Swiss Re Over Revenues and Reserve Release Timing

Swiss Re executives faced persistent analyst questioning about declining revenues and strategic reserve releases despite reporting strong first-half profits.

Investors Grill Swiss Re Over Revenues and Reserve Release Timing
Photo by Patrick Federi / Unsplash

Swiss Re’s management faced scrutiny from investment analysts during its Q1 2025 earnings cal Thursday, despite reporting strong financial results that continued into the second quarter.

The reinsurance giant posted net income of USD 2.6 billion for the first half of 2025, up 24% from the prior year, but Wall Street remained focused on a decline revenues and questions about the timing of reserve releases.

The company's insurance revenue fell 6% to USD 20.9 billion in the first half, compared to USD 22.2 billion in the same period last year.

Revenue Concerns Dominate Q&A

Analysts particularly questioned Swiss Re's revenue trajectory and whether the declines would continue.