Swiss Re AG · SIX:SREN
Swiss Re — Morgan Stanley European Financials Conference 2012
11 slides from Swiss Re's conference presentation, Mar 29, 2012
Slide 1: Morgan Stanley European Financials Conference
a Morgan Stanley European Financials Conference Thierry Léger, Member of Group Management Board, Head Globals London, 29 March 2012
Slide 2: Agenda
Swiss Re itt Agenda a Introduction to Swiss Re a Underwriting a Financial targets and 2012 priorities
Slide 3: Introduction to Swiss Re
Introduction to Swiss Re Morgan Stanley | European Financials Conference | London, 29 March 2012 Swiss Re iit Swiss Re 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 bo
Slide 4: Capital adequacy
Swiss Re ili Capital adequacy Estimated Group capital adequacy measures as of 31 December 2011 Swiss Solvency Test 210%' SST green zone threshold: 100% S&P excess capital over AA level >USD 7bn_ Internal goal: meet AA requirements Solvency | >200% Minimum regulatory requirement: 100% * SST 2/2011. a
Slide 5: Group strategy
Swiss Re itt Group strategy Outperform our peers @ Reinsurance @ Admin Re® @ Asset Management @ Corporate Solutions @ Longevity @ Emerging Markets Swiss Re il Group structure Reinsurance Corporate Admin Re® Solutions Underwriting = Underwriting quality is core to Swiss Re's DNA
Slide 6: Conservative asset portfolio
Swiss Re Conservative asset portfolio = 60% invested in cash, short- FY 2011: USD 150.6bn term investments or government bonds = Minimal exposure to peripheral EU sovereigns - Total USD 59m, Greece and Ireland nil, at end of 2011 m= Conservative medium-term asset allocation plan Swiss Re 2011 Achiev
Slide 7: Underwriting: Cycle management
Swiss Re Underwriting European Financials Conference | London, 29 March 2012 Swiss Re itl Cycle management Market share vs profitability Swiss Re’s P&C premium Swiss Re’s P&C underwriting profit’ share vs top 8 reinsurers share vs top 8 reinsurers 2011 underwriting loss': = Top 8 reinsurers: USD -6.
Slide 8: Portfolio construction
Swiss Re . , itt Portfolio construction Steering towards segments offering most value Net present value of premiums written % of portfolio 50% 40% ———— 30% 20% ———— Property 10% —Casualty L8H 0% 2004 2005 2006 2007 2008 2009 2010 2011 Underwriting Year = Steering is enabled by consistent, Group wide
Slide 9: Financial targets
Swiss Re Financial targets and 2012 priorities Morgan Stanley | European Financials Conference | London, 29 March 2012 Swiss Re : . iti Financial targets Committed to achieving our financial targets Target (all average over 5 years, 2011-15) ROE 9.2% 9.6% A "700bps above risk free" Breda les EPS 6.6
Slide 10: 2012 Priorities
Swiss Re il 2012 Priorities Delivering on financial targets and capture unique growth opportunities = Further capture our excellent business opportunities = Maintain underwriting discipline P&C reinsurance Corporate Solutions = Further build up Corporate Solutions Admin Re® = Develop Admin Re® = Add
Slide 11: Corporate calendar & contacts
Swiss Re TT Corporate calendar & contacts Corporate calendar 13 April 2012 17 April 2012 04 May 2012 O09 August 2012 08 November 2012 Investors' Day Investor Relations contacts Hotline +41 43 285 4444 Eric Schuh +41 43 285 4708 Simone Lieberherr +41 43 285 4190 Morgan Si E-mai Ross Walker +41 43 285
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