Swiss Re AG (VTX:SREN) last week reported its latest first-quarter results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at US$10b, statutory earnings beat expectations by a notable 28%, coming in at US$5.11 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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Taking into account the latest results, Swiss Re's eleven analysts currently expect revenues in 2026 to be US$43.1b, approximately in line with the last 12 months. Statutory earnings per share are forecast to reduce 3.0% to US$16.02 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$43.3b and earnings per share (EPS) of US$15.84 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

View our latest analysis for Swiss Re

It will come as no surprise then, to learn that the consensus price target is largely unchanged at CHF127. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Swiss Re at CHF145 per share, while the most bearish prices it at CHF110. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Swiss Re is an easy business to forecast or the the analysts are all using similar assumptions.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. For example, we noticed that Swiss Re's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 2.3% growth to the end of 2026 on an annualised basis. That is well above its historical decline of 1.8% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 5.5% annually for the foreseeable future. Although Swiss Re's revenues are expected to improve, it seems that the analysts are still bearish on the business, forecasting it to grow slower than the broader industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at CHF127, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Swiss Re analysts - going out to 2028, and you can see them free on our platform here.

You should always think about risks though. Case in point, we've spotted 1 warning sign for Swiss Re you should be aware of.