Swiss Re reported a 3% increase in net income to $4.2bn for the first nine months of 2026, compared with $4.0bn in the same period last year, supported by strong contributions across its business units. Return on equity remained unchanged at 22.5%. The reinsurer attributed its performance to strong underwriting results from Property & Casualty Reinsurance (P&C Re) and Corporate Solutions, as well as healthy in-force margins and favourable US mortality experience in Life & Health Reinsurance (L&H Re). Lower-than-expected large natural catastrophe losses also supported the results. Swiss Re maintained its full-year 2026 net income target of $4.5bn.