Swiss Re Ag · SIX:SREN
Swiss Re — Vontobel Summer Conference 2013
17 slides from Swiss Re's conference presentation, Jun 12, 2013
Slide 1: Vontobel Summer Conference 2013
Vontobel Summer Conference 2013 George Quinn, Group CFO Interlaken, 12 June 2013
Slide 2: Introduction to Swiss Re
a Introduction to Swiss Re Vontobel | Summer Conference 2013 | Interlaken, 12 June 2013 2
Slide 3: Swiss Re Group Overview
Swiss Re Group Overview a Swiss Re Group Corporate Reinsurance Admin Re® Solutions P&C L&H Strategic goal Strategic goal Strategic goal To be a focused, lean, To be a recognised To be the world's global player in large force in the closed leading reinsurer commercial business life book market
Slide 4: Swiss Re is broadly diversified by geography and product line
Swiss Re is broadly diversified by geography and product line… a Net premiums earned1 2012 (USD 25.5 bn) by region (in USD bn) … and by business segment: 9.6 10.7 Admin Re® Corporate 8% 5.2 Solutions 8% P&C Re 49% Americas Europe Asia (incl. Middle East /Africa) 38% 42% 20% L&H Re 35% Swiss Re ben
Slide 5: …leading to significant capital benefits
…leading to significant capital benefits a Standalone shortfall based on 1-year … results in a Group capital requirement after 99% Tail VaR of USD 27.5 billion1… allowing for diversification of USD 16.6 billion. Credit 7% Financial L&H 27% Market 38% Diversification Swiss Re Group P&C 28% USD 16.7bn
Slide 6: Driving performance differentiation
a Driving performance differentiation Vontobel | Summer Conference 2013 | Interlaken, 12 June 2013 6
Slide 7: Factors driving P&C re-/insurance prices
Factors driving P&C re-/insurance prices Prices a High Low Nat Cats Low inflation Low interest rates Regulatory changes Continuous reserve Industry capitalisation releases Factors leading to higher prices Factors leading to lower prices Drivers of re-/ insurance prices In a balanced market environ
Slide 8: Swiss Re's R&D capabilities a key differentiator of our underwriting
Swiss Re's R&D capabilities a key differentiator of our underwriting a R&D is a value driver in underwriting Property Own research team and models for Cycle management storm, earthquake and flood Ability to compare to commercial tools and understand differences Casualty Portfolio R&D Risk Forw
Slide 9: Swiss Re's approach to underwriting leads to outperformance
Swiss Re's approach to underwriting leads to outperformance … and growth at the right time a Swiss Re’s P&C premium and underwriting profit share vs top 8 reinsurers 60% 2006 – 2012 SR premium share of 23% 50% SR U/W profit share of 38% SR U/W loss share of 9% 40% 30% 20% 10% 0% 2006 2007 2008 2009
Slide 10: P&C Reinsurance: April 2013 renewals
P&C Reinsurance April 2013 renewals with moderate growth, high price quality maintained a January 2013 renewals January treaty portfolio1 USD 8.5bn USD 9.4bn YTD 2013 renewals (January – April) 100% 111% Treaty portfolio Up for renewal Estimated USD 11.0bn 1 Jan 2013 outcome USD 10.0bn 110% April 20
Slide 11: High Growth Markets
High Growth Markets Tangible growth opportunities exist a Agriculture Nat Cat Infrastructure Life Health Vontobel | Summer Conference 2013 | Interlaken, 12 June 2013 11
Slide 12: Balanced asset portfolio
Balanced asset portfolio a 61% invested in cash, short- term investments or government Other - Other - bonds Mortgages and other investment related insurance related Cash and cash equivalents loans 9% 1% 8% 1% Minimal exposure to peripheral Short-term investments EU sovereigns as at end of Secur
Slide 13: Outlook
a Outlook Vontobel | Summer Conference 2013 | Interlaken, 12 June 2013 13
Slide 14: Outlook
Outlook a Continue to deliver on our unchanged Group strategy Group strategy Special emphasis on high growth markets, in all business lines P&C Reinsurance: successful renewals expected to continue Outperform our throughout 2013, expect net premium growth from expiry of QS peers in P&C Corpo
Slide 15: Thank you
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Slide 16: Corporate calendar & contacts
Corporate calendar & contacts a Corporate calendar 24 June 2013 Investors' Day Zurich 08 August 2013 Second Quarter 2013 results Conference call 09 September 2013 Investors and Media meeting Monte Carlo 07 November 2013 Third Quarter 2013 results Conference call 20 February 2014 Annual Results Confe
Slide 17: Cautionary note on forward-looking statements
Cautionary note on forward-looking statements a Certain statements and illustrations contained herein are forward-looking. These statements (including as to plans objectives, targets and trends) and illustrations provide current expectations of future events based on certain assumptions and include