Swiss Re AG

SSREY

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

46,756

Cost of Revenue

3,619

Gross Profit

43,137

Gross Margin

92.3%

Operating Income

4,133

Operating Margin

8.8%

Net Income

3,241

Net Margin

6.9%

EPS (Basic)

$2.72

EPS (Diluted)

$2.70

EBITDA

4,268

EBITDA Margin

9.1%

2023

12/31/2023

Revenue

43,643

Cost of Revenue

3,326

Gross Profit

40,317

Gross Margin

92.4%

Operating Income

3,926

Operating Margin

9.0%

Net Income

3,111

Net Margin

7.1%

EPS (Basic)

$2.63

EPS (Diluted)

$2.58

EBITDA

4,257

EBITDA Margin

9.8%

2022

12/31/2022

Revenue

46,043

Cost of Revenue

7,801

Gross Profit

38,242

Gross Margin

83.1%

Operating Income

651

Operating Margin

1.4%

Net Income

472

Net Margin

1.0%

EPS (Basic)

$0.41

EPS (Diluted)

$0.40

EBITDA

1,646

EBITDA Margin

3.6%

2021

12/31/2021

Revenue

45,935

Cost of Revenue

8,230

Gross Profit

37,705

Gross Margin

82.1%

Operating Income

1,831

Operating Margin

4.0%

Net Income

1,437

Net Margin

3.1%

EPS (Basic)

$1.24

EPS (Diluted)

$1.20

EBITDA

3,068

EBITDA Margin

6.7%

2020

12/31/2020

Revenue

43,775

Cost of Revenue

8,237

Gross Profit

35,538

Gross Margin

81.2%

Operating Income

-950

Operating Margin

-2.2%

Net Income

-878

Net Margin

-2.0%

EPS (Basic)

$-0.76

EPS (Diluted)

$-0.76

EBITDA

115

EBITDA Margin

0.3%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	46,756	43,643	46,043	45,935	43,775
Cost of Revenue	3,619	3,326	7,801	8,230	8,237
Gross Profit	43,137	40,317	38,242	37,705	35,538
Gross Margin	92.3%	92.4%	83.1%	82.1%	81.2%
Operating Income	4,133	3,926	651	1,831	-950
Operating Margin	8.8%	9.0%	1.4%	4.0%	-2.2%
Net Income	3,241	3,111	472	1,437	-878
Net Margin	6.9%	7.1%	1.0%	3.1%	-2.0%
EPS (Basic)	$2.72	$2.63	$0.41	$1.24	$-0.76
EPS (Diluted)	$2.70	$2.58	$0.40	$1.20	$-0.76
EBITDA	4,268	4,257	1,646	3,068	115
EBITDA Margin	9.1%	9.8%	3.6%	6.7%	0.3%