Zurich Insurance Group Ltd · SIX:ZURN
Zurich Insurance — FY2016 Earnings Presentation
11 slides from Zurich Insurance's earnings presentation, Feb 9, 2017
Slide 1: Annual results 2016 – Media presentation
Annual results 2016 Media presentation February 9, 2017 Zurich Insurance Group
Slide 2: Key messages
Key messages • Good profitability across the Group Group • Cost savings delivered and on track to deliver 2017-2019 targets General • Underwriting improved across all regions, absolute costs reduced Insurance • Further progress expected • Continued execution of unit-linked and protection strategy Gl
Slide 3: Global economy enters 2017 on solid footing
Global economy enters 2017 on solid footing Key indices are trending in a positive direction 56 Global Economic Activity (index, LHS) 3.5% 2.5% Swiss 10yr Yield US 10yr Yield (RHS) Germany 10yr Yield 2.0% 55 3.0% 1.5% 54 2.5% 1.0% 53 0.5% 2.0% 52 0.0% 1.5% 51 -0.5% Note: Global composite PMI index 5
Slide 4: Business operating profit (BOP) up by 55%
Business operating profit (BOP) up by 55% GI BOP restored with other businesses continuing growth Expense savings according to road map BUSINESS OPERATING PROFIT 2014-2016 (USDm) 2014 2015 2016 4,638 4,530 2,916 2,979 2,435 1,573 1,520 1,300 1,344 1,421 1,273 864 Group General Insurance Global Life
Slide 5: Z-ECM ratio and cash remittances
Z-ECM ratio and cash remittances Strong capital position Overall good cash remittance, CHF 17 dividend proposed Z-ECM RATIO (%) NET CASH REMITTANCES (USDbn) 122% 121% 122% 3.7 3.9 1.7 2.8 2.4 2.0 0.9 0.9 0.4 1.5 1.2 1.1 0.5 0.1 0.1 -0.6 -0.8 FY-14 FY-15 FY-161 -1.0 FY-14 FY-15 FY-16 General Insuranc
Slide 6: Innovation
Innovation New products combined with smart use of technology meet evolving customer needs Apps and portals allow customers to monitor risk in real time and assess new risks Self-driving vehicles Insuring the sharing economy Risk engineering and sensors mitigate risks Operational risk pioneer Cyber
Slide 7: Distribution agreements and acquisitions
Distribution agreements and acquisitions Adding new products, skills and customers RCIS leading U.S. crop insurer Macquarie Life portfolio strengthening our Australian retail life protection business MAA Takaful platform on which to develop our Sharia compliant insurance business Via Varejo enhanced
Slide 8: Zurich's 2017-2019 financial targets
Zurich’s 2017-2019 financial targets As communicated at Investor Day 2016 BOPAT ROE1 in excess of 12% and increasing, despite higher equity base USD 1.5bn in net savings by 2019 compared to the 2015 baseline Cash remittances in excess of USD 9.5bn over 2017-2019 period Z-ECM target ratio unchanged a
Slide 9: Zurich: building from a strong position
Zurich: building from a strong position Strengths Opportunities Very diverse and balanced Reduce Group expense base portfolio of products and services with global reach Simplify Group structure Powerful, internationally Improve accountability recognized brand throughout the organization
Slide 10: Thank you for your time
Thank you for your time February 9, 2017 Annual results 2016 10
Slide 11: Disclaimer and cautionary statement
Disclaimer and cautionary statement Certain statements in this document are forward-looking statements, including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives of Zurich Insurance Group Ltd or the Zurich Insurance Group (the ‘Group’).
Zurich Insurance Group — FY2016 Earnings Presentation on 6ix