The net profit and EPS achieved by the group confirm the purchase thesis. UBS remains a Buy on the stock with a price target of 150 Swiss francs.
‘Swiss Re’s net profit forecast of more than $4.4 billion is above the Bloomberg consensus and reflects a certain conservatism in property and casualty insurance, which supports our buy thesis,’ says UBS.
Swiss Re also expects its cost discipline to result in a reduction of around $300 million in operating expenses by 2027.
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