Zurich Insurance Group Ltd · SIX:ZURN

Zurich Insurance — Zurich Financial Services — Credit Suisse Investor Conference 2007

14 slides from Zurich Insurance's conference presentation, Sep 27, 2007

  1. Slide 1: Zurich Financial Services - Credit Suisse Investor Conference

    Zurich Financial Services - Credit Suisse Investor Conference James J. Schiro Chief Executive Officer New York September 27, 2007

  2. Slide 2: 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 predications of or indicate future events, trends, plans or objectives. Forward-looking statements include statements regarding our targeted prof

  3. Slide 3: Delivery of results the central theme at Zurich

    Delivery of results the central theme at Zurich Business Operating Profit BOPaT-ROE1 (in USD millions) 5,996 2 2 20.1% 6,000 19.4% 20% 5,000 3,947 15% 13.6% 2 4,000 12.6% 2 3,278 2,988 9.8% 3,000 2,316 10% 2,000 5% 1,000 0 0% 2003 2004 2005 2006 HY07 2003 2004 2005 2006 HY07 Shareholders’ equity Dil

  4. Slide 4: Consistent delivery of ROE results ahead of our peers

    Consistent delivery of ROE results ahead of our peers 20.0% 19.0% 17.2% 15.5% 15.0% 13.4% 13.6% 13.0% 12.1% 10.7% 10.0% 5.0% 0.0% 2003 2004 2005 2006 Peer Basket Zurich Peer basket includes the unwheighted average of: Allianz, AXA, Generali, AVIVA, AIG, Allstate, Travelers, Hartford Source: Bloomber

  5. Slide 5: Zurich has ability to deliver stable earnings thanks to well diversified book

    Zurich has ability to deliver stable earnings thanks to well diversified book Business Operating Profit Business Operating Profit General Insurance1,3 split by segment1,2 Int’l Businesses 5% Global Corporate 18% Other Businesses Europe 8% General 45% North Insurance 32% America Farmers Commercial Mg

  6. Slide 6: Strategic transformation focus on Margin and Volume

    Strategic transformation focus on Margin and Volume Capital ROE Margin 16%1 Volume Operational Transformational Transformation Growth Enhanced service Platforms Customer delivery Scale Data quality Product Cost advantage Larger data set Expense base Distribution Customer insight 1 Business operating

  7. Slide 7: Focus on volume growth

    Zurich applies a differentiated focus to unlock and grow business value Global IB Focus on volume growth Farmers Life EGI Legend for GI BDs: IB International GC Businesses EGI Europe General Insurance NAC GC Global Corporate NAC North America Commercial Focus on margin enhancement © Zurich Financial

  8. Slide 8: Appendix

    Appendix © Zurich Financial Services - Credit Suisse Investor Conference, September 27, 2007 8

  9. Slide 9: Growth targets

    Growth targets 5% CAGR GWP growth1 over the cycle, maintaining a pre tax General Insurance BOP ROE of greater than 25% Double digit APE growth taking the New Business Value to Global Life USD 850m by 2010 GWP of USD 21bn by 2010, not exceeding a combined ratio of Farmers 98% 1 From a strategic persp

  10. Slide 10: Zurich's focus on emerging markets

    Zurich’s focus on emerging markets Russia Greater China (incl. Hong Kong and Taiwan) South East Asia (excl. Greater Latin America China) Middle East • Argentina • Chile • Mexico • Venezuela • Bolivia • Brazil South Africa © Zurich Financial Services - Credit Suisse Investor Conference, September 27,

  11. Slide 11: Farmers, aspiration is to achieve 21bn in GWP by 2010

    Farmers, aspiration is to achieve 21bn in GWP by 2010 while maintaining current levels of profitability which positions it to be of the fastest growing personal and small business insurers in America! Growth initiative pipeline: • Achieve double digit growth by 2010 2007-2010 net incremental GWP • M

  12. Slide 12: The Zurich Way – shift from expense savings to operational improvements

    The Zurich Way – shift from expense savings to operational improvements to foster profitable growth Global Profit The Zurich Way Improvement Program USD 1bn Total planned benefits Legend: Growth / 2007 to 2009: USD 2 billion Distribution USD 700m Claims USD 540m USD 500m USD 500m Pricing / Underwrit

  13. Slide 13: The Zurich Way – Target of USD 2 billion for 2007 to 2009

    The Zurich Way – Target of USD 2 billion for 2007 to 2009 Total planned benefits • Developing our three year plan, we 2007 to 2009: expect benefits of USD 2 billion from USD 2 billion 2007 to 2009. USD • We are well on track to achieve our 2007 700m target. USD USD • 12 major work-streams with over

  14. Slide 14: The Zurich Way initiatives – 2007 target

    The Zurich Way initiatives –2007 target by function USD 700m by business USD 700m division 21% Growth/ Distribution 31% Europe General USD 500m USD 500m USD 500m USD 500m Insurance 5% 18% 16% Claims 30% 34% 23% 16% 28% North America Commercial 25% 33% 43% U/W 20% 36% 5% 15% 13% Global Corporate 20%

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