Swiss Re Ag · SIX:SREN
Swiss Re — Kepler Swiss 2012 seminar
11 slides from Swiss Re's conference presentation, Mar 28, 2012
Slide 1: Kepler Swiss 2012 seminar
a Kepler Swiss 2012 seminar Christian Mumenthaler, CEO Reinsurance Zurich, 28 March 2012
Slide 2: Introduction to Swiss Re
a Introduction to Swiss Re Kepler | Swiss 2012 seminar | Zurich, 28 March 2012 2 Swiss Re a Swiss Re is a leading and highly diversified global re/insurance company 148 years of experience in providing wholesale re/insurance and risk management solutions. We deliver both traditional and innovati
Slide 3: Swiss Re is broadly diversified by geography and product line
Swiss Re is broadly diversified by geography and product line a Swiss Re benefits from geographic and business mix diversification and has the ability to reallocate capital to achieve profitable growth Combines accumulated expertise of over 148 years and continuing research with a widely recogni
Slide 4: Swiss Re's capital
Swiss Re’s capital Capital adequacy remains strong a Estimated Group capital adequacy measures as of 31 December 2011 Swiss Solvency Test 210%1 SST green zone threshold: 100% S&P excess capital over AA level >USD 7bn Internal goal: meet AA requirements Solvency I >200% Minimum regulatory requirement
Slide 5: 2011 Achievements
2011 Achievements Delivered on strategy and financial targets in a challenging year a Successful reinsurance renewals over the past twelve Profitable Growth months leading to profitable growth Delivered several large transactions from our pipeline Large Transactions in Admin Re®, P&C and L&H rei
Slide 6: Underwriting
a Underwriting Kepler | Swiss 2012 seminar | Zurich, 28 March 2012 9 Outperformance through cycle management Market share vs profitability a Swiss Re’s P&C premium Swiss Re’s P&C underwriting profit1 share vs top 8 reinsurers share vs top 8 reinsurers 2011 underwriting loss1: Top 8 reinsurers: USD
Slide 7: Portfolio construction
Portfolio construction Steering towards segments offering most value a Net present value of premiums written Steering is enabled by consistent, Group wide, value-driven metrics Swiss Re has steered away from Casualty in recent years Kepler | Swiss 2012 seminar | Zurich, 28 March 2012 11 Expand o
Slide 8: January 2012 treaty renewals
January 2012 treaty renewals Continued growth, high portfolio quality maintained a Strong growth from – Incremental capital relief transactions (large volumes, prices above threshold) – Increased demand for nat cat coverage, mainly from secondary cat areas (prices sharply up) Some reductions in
Slide 9: Financial targets and 2012 priorities
a Financial targets and 2012 priorities Kepler | Swiss 2012 seminar | Zurich, 28 March 2012 14 Financial targets Committed to achieving our financial targets a Target Actual Actual vs (all average over 5 years, 2011-15) FY 20101 FY 2011 Target ROE 9.2% 9.6% "700bps above risk free" 700bps above 1.5%
Slide 10: 2012 Priorities
2012 Priorities Delivering on financial targets and capture unique growth opportunities a P&C reinsurance Further capture our excellent business opportunities Maintain underwriting discipline Corporate Solutions Further build up Corporate Solutions Admin Re® Develop Admin Re® Additional fo
Slide 11: Corporate calendar & contacts
Corporate calendar & contacts a Corporate calendar 13 April 2012 148th Annual General Meeting Zurich 17 April 2012 Investors' Day London 04 May 2012 First Quarter 2012 results Conference call 09 August 2012 Second Quarter 2012 results Conference call 08 November 2012 Third Quarter 2012 results Confe