Swiss Re AG Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	89,795	83,655	85,937	61,734	72,023	73,645
Investments in Equity & Preferred Securities	901	1,317	1,630	4,733	7,559	8,093
Policy Loans	-	-	-	32	34	43
Other Investments	7,701	6,889	7,138	12,435	12,223	17,453
Total Investments	107,776	100,273	102,978	83,918	96,831	103,633
Cash & Equivalents	4,588	4,133	4,555	3,656	4,148	4,697
Reinsurance Recoverable	7,089	6,573	8,626	6,507	6,482	5,892
Other Receivables	4,055	3,540	3,751	21,784	20,118	18,759
Deferred Policy Acquisition Cost	-	-	-	8,121	8,142	8,230
Property, Plant & Equipment	-	234	273	396	426	471
Goodwill	-	-	-	3,863	3,970	4,021
Other Intangible Assets	4,028	4,050	4,228	-	-	-
Restricted Cash	-	-	-	421	903	773
Other Current Assets	-	1,659	1,188	1,917	2,372	5,786
Long-Term Deferred Tax Assets	1,949	2,083	2,914	8,284	6,131	6,079
Other Long-Term Assets	5,165	4,684	5,348	31,809	32,044	24,281
Total Assets	134,650	127,229	133,861	170,676	181,567	182,622
Insurance & Annuity Liabilities	87,530	83,362	89,867	25,706	27,260	27,550
Unpaid Claims	-	-	-	85,418	84,096	81,258
Unearned Premiums	-	-	-	14,747	14,134	13,309
Reinsurance Payable	3,955	3,920	3,788	8,758	7,627	6,243
Current Portion of Long-Term Debt	297	986	1,288	786	862	153
Current Portion of Leases	-	73	72	71	86	90
Short-Term Debt	-	68	168	1,260	1,431	1,970
Current Income Taxes Payable	741	674	596	254	320	336
Long-Term Debt	8,261	7,052	6,717	10,252	10,323	11,584
Long-Term Leases	-	307	354	370	392	434
Long-Term Deferred Tax Liabilities	2,965	2,413	2,764	5,828	6,230	6,551
Other Current Liabilities	-	1,559	1,181	996	1,550	1,946
Other Long-Term Liabilities	5,961	3,575	4,527	3,421	3,578	3,940
Total Liabilities	109,710	103,989	111,322	157,867	157,889	155,364
Common Stock	24,324	30	30	30	30	30
Additional Paid-In Capital	-	519	366	293	266	251
Retained Earnings	-	26,166	25,138	27,279	28,632	29,050
Treasury Stock	-	-889	-1,219	-1,398	-1,402	-1,396
Comprehensive Income & Other	444	-2,720	-2,005	-13,505	-3,958	-800
Total Common Equity	24,768	23,106	22,310	12,699	23,568	27,135
Minority Interest	172	134	229	110	110	123
Shareholders' Equity	24,940	23,240	22,539	12,809	23,678	27,258
Total Liabilities & Equity	134,650	127,229	133,861	170,676	181,567	182,622
Filing Date Shares Outstanding	294.9	294.07	290.41	288.99	288.95	288.98
Total Common Shares Outstanding	294.9	294.07	290.41	288.99	288.95	288.98
Total Debt	8,558	8,486	8,599	12,739	13,094	14,231
Net Cash (Debt)	-3,970	-4,353	-4,044	-9,083	-8,946	-9,534
Net Cash Per Share	-13.72	-14.74	-13.63	-29.97	-29.47	-32.98
Book Value Per Share	82.48	74.44	70.49	43.94	81.56	93.90
Tangible Book Value	20,740	19,056	18,082	8,836	19,598	23,114
Tangible Book Value Per Share	68.82	60.67	55.93	30.58	67.82	79.99

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.