Swiss Re books US$4.2bn profit as P&C pipeline compresses
Published . Updated .
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Strong in-force earnings mask a 28% drop in new P&C reinsurance business margins
Directly affected
- No company is named in this report.
Indirectly affected
- XLF Financial Select Sector SPDR-1.4% 30d
Financial Select Sector SPDR: it holds insurers. Linked by “reinsurance” (insurers) in this story.
- EWL iShares MSCI Switzerland ETF
iShares MSCI Switzerland ETF holds stocks listed in Switzerland, which this story is about (“swiss”).
- CB Chubb+9.9% 30d
Chubb (fire, marine and casualty insurance, with business in Switzerland): insurers pay claims and price policies around events like this. Linked by “reinsurance” (insurers) in this story.
- TRV The Travelers Companies+9.3% 30d
The Travelers Companies (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “reinsurance” (insurers) in this story.
- AIG American International Group+8.5% 30d
American International Group (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “reinsurance” (insurers) in this story.
- RGA Reinsurance Group of America
Reinsurance Group of America (life insurance): insurers pay claims and price policies around events like this. Linked by “reinsurance” (insurers) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLF | -3.78% | -2.75% | base | -2.65% | after close | after close | after close |
| EWL | -3.64% | -2.31% | base | -1.67% | after close | after close | after close |
| CB | -3.19% | -1.39% | base | -0.67% | after close | after close | after close |
| TRV | -2.69% | -2.54% | base | -1.62% | after close | after close | after close |
| AIG | -0.32% | +0.87% | base | -1.26% | after close | after close | after close |
| RGA | -1.10% | +0.34% | base | -1.78% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Swiss Re books US$4.2bn profit as P&C pipeline compresses Insurance Business
Source: Insurance Business
Price since this story was published: Ishares (EWL)
| Company | When | Move | Status |
|---|---|---|---|
| AIG | that day | -1.26% | final price |
| AIG | three days earlier | +0.87% | final price |
| AIG | five days earlier | -0.32% | final price |
| Chubb (CB) | that day | -0.67% | final price |
| Chubb (CB) | three days earlier | -1.39% | final price |
| Chubb (CB) | five days earlier | -3.19% | final price |
| Ishares (EWL) | that day | -1.67% | final price |
| Ishares (EWL) | three days earlier | -2.31% | final price |
| Ishares (EWL) | five days earlier | -3.64% | final price |
| RGA | that day | -1.78% | final price |
| RGA | three days earlier | +0.34% | final price |
| RGA | five days earlier | -1.10% | final price |
| TRV | that day | -1.62% | final price |
| TRV | three days earlier | -2.54% | final price |
| TRV | five days earlier | -2.69% | final price |
| XLF | that day | -2.65% | final price |
| XLF | three days earlier | -2.75% | final price |
| XLF | five days earlier | -3.78% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Maria Elvira Salazar sold Chubb (CB), worth $1,001 - $15,000 on 24 Sep 2026. That is 42 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chubb (CB) (jointly held), worth $1,001 - $15,000 on 23 Sep 2026. That is 43 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Chubb (CB) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 62 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold American International Group (AIG), worth $15,001 - $50,000 on 28 Aug 2026. That is 69 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Kevin Hern sold Novartis Ag (NVS), worth $15,001 - $50,000 on 27 Aug 2026. That is 70 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Companies in energy around Ishares (EWL)
Companies mentioned with this story
- EWL Ishares
In “Swiss Re books US$4.2bn profit as P&C pipeline compresses,” Ishares (EWL) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Switzerland ETF holds stocks listed in Switzerland, which this story is about (“swiss”)
- NVS Novartis Ag
In “Swiss Re books US$4.2bn profit as P&C pipeline compresses,” Novartis Ag (NVS) is linked, with no stored direction, medium confidence. Reason on file: Novartis AG (pharmaceutical preparations) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“swiss”) reaches its shares
- CB Chubb
In “Swiss Re books US$4.2bn profit as P&C pipeline compresses,” Chubb (CB) is linked, with no stored direction, medium confidence. Reason on file: Chubb (fire, marine and casualty insurance) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“swiss”) reaches its shares
- BG Bunge Global
Bunge Global (BG) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Swiss Re books US$4.2bn profit as P&C pipeline compresses.” Reason on file: Bunge Global (fats and oils) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“swiss”) reaches its shares
- ONON On Holding AG
In “Swiss Re books US$4.2bn profit as P&C pipeline compresses,” On Holding AG (ONON) is linked, with no stored direction, medium confidence. Reason on file: On Holding AG (rubber and plastics footwear) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“swiss”) reaches its shares
How “Swiss Re books US$4.2bn profit as P&C pipeline compresses” reaches Ishares (EWL)
The 5 Nov 2026 story “Swiss Re books US$4.2bn profit as P&C pipeline compresses” names Ishares (EWL) because of Energy.
The link for Ishares (EWL) is this: iShares MSCI Switzerland ETF holds stocks listed in Switzerland, which this story is about (“swiss”)
Also listed, Novartis Ag (NVS): Novartis AG (pharmaceutical preparations) is one of the largest Switzerland-based companies traded in the US, so news about Switzerland (“swiss”) reaches its shares
Price levels for Ishares (EWL)
CB traded between 333.88 and 374.58 across 20 sessions. The latest close on file is 374.18. NVS traded between 139.43 and 147.02 across 11 sessions. The latest close on file is 140.78.
The energy score for Ishares (EWL)
40 out of 100
“Swiss Re books US$4.2bn profit as P&C pipeline compresses” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.