US-Schäden: Swiss Re Senkt Gewinnziel, Aktie Steigt

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Post on Nov 07, 2024

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US-Schäden: Swiss Re Lowers Profit Target, Shares Rise Despite Losses

Swiss Re, the world's second-largest reinsurer, has lowered its profit target for the year due to significant losses from natural disasters in the United States. Despite this, the company's shares rose on Tuesday, signaling investor confidence in the company's long-term outlook.

Impact of US Natural Disasters

The company cited the impact of Hurricane Idalia and wildfires in California as the primary factors contributing to the revised profit forecast. These events led to substantial payouts for insured losses, putting pressure on the reinsurer's bottom line. The revised target now reflects a lower profit range, reflecting the increased costs associated with these events.

Positive Outlook Despite Challenges

While acknowledging the challenges posed by natural disasters, Swiss Re remains optimistic about its overall business performance. The company highlighted its strong capital position and robust underwriting performance in other regions as key drivers for future growth.

Investor Confidence in Swiss Re

Despite the lowered profit target, Swiss Re's shares rose on Tuesday, suggesting investor confidence in the company's ability to navigate these challenges. The positive market reaction indicates that investors are optimistic about the long-term prospects of the reinsurance market and Swiss Re's position within it.

Key Takeaways

• Swiss Re's lowered profit target reflects the significant financial impact of US natural disasters.
• The company remains optimistic about its future growth, citing strong capital and underwriting performance.
• Investors appear confident in Swiss Re's long-term outlook, as evidenced by the rise in share price.

Keywords: Swiss Re, reinsurance, natural disasters, Hurricane Idalia, wildfires, California, profit target, share price, investor confidence, underwriting performance, capital position.