Swiss Re (SREN) investor relations material

Opening remarks and agenda

• The AGM was held at a new venue in Dübendorf, with all board members, executive committee, auditors, and independent proxy present.

• Shareholders were welcomed, and procedures for questions and translations were explained.

• The meeting was duly convened, with the agenda and voting procedures outlined.

Financial performance review

• Achieved a record Group Net Income of $4.8 billion in 2025, surpassing the $4.4 billion target.

• Strong underwriting in Property & Casualty and robust investment returns drove results.

• Life & Health Reinsurance portfolio was optimized for better performance.

• Group solvency ratio estimated at 250%, at the top end of the target range.

Dividend announcements

• Proposed dividend of $8 per share, a 9% increase from the previous year.

• Initiated a share buyback program of up to $1.5 billion, including $500 million as part of a sustainable annual buyback.

• 80% of 2025 earnings to be returned to shareholders.

• Dividend to be paid in Swiss francs, converted from USD, with ex-dividend date on April 14, 2026.