BUZZ-Swiss Re seen down premarket after worse-than-expected 2026 targets

Reuters12-05 15:52
BUZZ-<a href="https://laohu8.com/S/SSREF">Swiss Re</a> seen down premarket after worse-than-expected 2026 targets

** Shares in Swiss Re SRENH.S are seen down around 3.8% in Julius Baer premarket indications as its targets for 2026 miss estimates

** The Zurich-based insurer aims for a group net income of $4.5 billion, below $4.8 billion expected by a Visible Alpha consensus

** The new profit target is "the key number", Vontobel says - 8% below its own estimate and 5% below consensus

** Swiss Re also plans to launch an annual $500 million share buyback scheme in 2026

** The buyback value is "well below" consensus of $1 billion, JPMorgan says

(Reporting by Emanuele Berro)

((emanuele.berro@thomsonreuters.com))

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