Market Analysis
Historical Cat Bond Returns: Swiss Re Index Data 2002–2025
Swiss Re Global Cat Bond Total Return Index (SRGLTRR) annual returns 2002–2025: 23 out of 24 years positive. +18% in 2023, +15.5% in 2024, +12.6% in 2025. Maximum drawdown −2.3% (2022, Hurricane Ian). How cat bonds compare to equities, credit, and Treasuries across crisis periods.