Swiss Re targets higher 2024 net income of $3.6 bln

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ZURICH, Dec 1 (Reuters) - Swiss Re (SRENH.S) expects to increase its net income to more than $3.6 billion for 2024, the company said on Friday, as it announced new financial targets on its investors day...

The company's property and casualty reinsurance business is aiming for a combined ratio of less than 87% next year, it said, while the life and reinsurance operations is expected to generate net income of $1.5 billion...

In its corporate solutions business, the tailored insurance operation it offers to big companies, Swiss Re will target a combined ratio of less than 93%, while the group as a whole is aiming for a long-term return on equity of more than 14%...

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