Swiss Re AG – Recent Developments
Market Reaction
On 15 December 2025 the Swiss Re share price closed at CHF 130.70, a level below the 52‑week low of CHF 121.75 recorded on 6 April 2025 and below the 52‑week high of CHF 156.80 set on 6 August 2025. The company’s market capitalization stands at CHF 39 048 152 755, with a price‑earnings ratio of 9.59.
UBS Adjusts Target and Rating
On 17 December 2025 UBS lowered its price target for Swiss Re from CHF 150 to CHF 135 and changed its rating from “Buy” to “Neutral”. Analyst Will Hardcastle also reduced his earnings estimate for the insurer through 2027 by 5 % to 7 %. The adjustment reflects potential additional pressures from the Life & Health Reinsurance segment.
Natural Catastrophe Losses
Swiss Re’s Institute reported that insured losses from natural catastrophes reached USD 107 billion in 2025, marking the sixth consecutive year of losses exceeding USD 100 billion. The 2025 losses were driven mainly by the Los Angeles wildfires, the most costly wildfire event worldwide, and severe convective storms in the United States. Despite the high losses, a separate study indicated that catastrophe losses for 2025 were lower than in the previous year, largely due to reduced severity of other events.
Investor Performance
A retrospective analysis from 15 December 2025 shows that an investment of CHF 10 000 in Swiss Re shares three years earlier, at a closing price of CHF 84.68, would have yielded a return of CHF 13 000 by the current date, reflecting a substantial appreciation of the share price over the period.
These developments highlight Swiss Re’s exposure to rising natural catastrophe risks, the impact of rating adjustments on its valuation, and the overall resilience of its share performance amid market volatility.
