Swiss Re Ag · SIX:SREN
Swiss Re — Baader Helvea Swiss Equities Conference 2020
16 slides from Swiss Re's conference presentation, Jan 17, 2020
Slide 1: Swiss Re – Leading Global Re/Insurer
Swiss Re – Leading Global Re/Insurer Thomas Bohun, Head Group Strategy & Performance Management Baader Helvea Swiss Equities Conference, Bad Ragaz, 17 January 2020
Slide 2: Swiss Re's success is built on three key differentiation drivers
Swiss Re’s success is built on three key differentiation drivers Reinsurance Corporate Solutions Life Capital Foundation of our strength with Returning to profitability and Transitioning to a digital increasing earnings power focused on competitive advantages B2B2C player Client Risk Capital Access
Slide 3: Swiss Re is well diversified across geographic regions and business segments
Swiss Re is well diversified across geographic regions and business segments Net premiums earned1 by segment Net premiums earned1 by region Economic Net Worth2 by segment Life Capital Life Capital Corporate 5% 12% Solutions Asia 11% 21% Corporate P&C Re Americas Solutions P&C Re 38% 47% 9% 47% L&H R
Slide 4: Our client access capabilities are unique
Client Access Our client access capabilities are unique We maintain strong direct relationships with our …while also partnering with non-insurance players reinsurance clients… for innovative B2C insurance propositions Illustrative – Global client Illustrative – Partnership portfolio Swiss Re employe
Slide 5: We monetise our R&D capabilities, cementing Swiss Re as the leading knowledge company
Risk We monetise our R&D capabilities, cementing Swiss Re as the Knowledge leading knowledge company R&D value driver framework Strategic focus areas Project examples Market intelligence Insurance markets and cycle analysis Business steering Macroeconomic R&D Insurance beta Advance Nat Cat risk view
Slide 6: Our capital strength remains industry-leading
Capital Strength Our capital strength remains industry-leading Comparison of Group SST / Solvency II ratio1 >260% • As a major risk absorber, Swiss Re’s first capital 241% management priority is to ensure superior capitalisation 234% at all times 202% • The Group benefits from peer-leading diversifi
Slide 7: Reinsurance has built up industry-leading competitive advantages
Reinsurance Corporate Solutions Life Capital Reinsurance has built up industry-leading competitive advantages Title to go here two lines maximum Global scale 17% 11% market share1 for L&H Re market share1 for P&C Re L&H Re with P&C Re with Direct client access >90% >50% premiums from non-intermediat
Slide 8: Differentiation is at the heart of what Reinsurance does
Reinsurance Corporate Solutions Life Capital Differentiation is at the heart of what Reinsurance does Core Transactions Solutions Differentiation Simplify and drive Add value to clients’ Deliver innovative deals by efficiencies in our original business by combining our knowledge traditional business
Slide 9: Reinsurance has significantly grown and diversified its portfolio, building on core strengths
Reinsurance Corporate Solutions Life Capital Reinsurance has significantly grown and diversified its portfolio, building on core strengths Portfolio developments 2010-18 EVM premium (USD bn) Americas EMEA Asia Core strengths CAGR 21% 15.4 CAGR 7% 12.6 CAGR 4% 3% 43% • Scale of the business 10.9 34%
Slide 10: Corporate Solutions is focused on returning to underwriting profitability and on differentiated growth
Reinsurance Corporate Solutions Life Capital Corporate Solutions is focused on returning to underwriting profitability and on differentiated growth Good progress in implementing management actions Strategic priorities • Targeted portfolio pruning While implementing management actions, Corporate Solu
Slide 11: Life Capital's three businesses continue to execute on their strategies
Reinsurance Corporate Solutions Life Capital Life Capital’s three businesses continue to execute on their strategies UK life & pension closed book Group life, disability and income White-labelled individual protection consolidator protection solutions provider solutions provider • Swiss Re agreed to
Slide 12: Investment portfolio shifts support longer term stability of results
Investment portfolio shifts support longer term stability of results Shift to higher return generating strategies Defensive credit positioning with focus on quality, yield and diversification Total SAA Total SAA change Credit bonds Private Debt Real Estate USD 131.3bn since End FY 2016 USD 48.1bn US
Slide 13: Our Group targets and capital management priorities remain unchanged
Our Group targets and capital management priorities remain unchanged Group return on equity Priority I Priority II 13.7% 10.5% 10.6% Ensure superior capitalisation Grow the regular dividend 6.0% Rf + at all times and maximise with long-term earnings, and 9.6% 9.2% 9.4% 9.4% 9.6% 9.2% 700 financial f
Slide 14: Swiss Re maintains leadership in sustainability
Swiss Re maintains leadership in sustainability External recognition Responsible investing ~100% assets considering ESG criteria Embed sustainability in July 2019 all our business activities Underwriting ~3400 wind and solar farms insured Lead Quantify sustainability- sustainability linked solutions
Slide 15: Corporate calendar and contacts
Corporate calendar and contacts Corporate calendar 2020 20 February Annual Results 2019 Conference call 19 March Publication of Annual Report 2019 17 April 156th Annual General Meeting Zurich Investor Relations contacts Hotline E-mail +41 43 285 4444 [email protected] Philippe Brahin Da
Slide 16: Cautionary note on forward-looking statements
Cautionary note on forward-looking statements 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
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