Swiss Re Ag · SIX:SREN
Swiss Re — Vontobel Summer Conference 2012
12 slides from Swiss Re's conference presentation, Jun 22, 2012
Slide 1: Vontobel Summer Conference 2012
a Vontobel Summer Conference 2012 Thierry Léger, Head Globals, Member of Group Management Board Interlaken, 22 June 2012
Slide 2: Introduction to Swiss Re
a Introduction to Swiss Re Vontobel | Summer Conference 2012 | Interlaken, 22 June 2012 2 Introduction to 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
Slide 3: Swiss Re is broadly diversified by geography and product line
Swiss Re is broadly diversified by geography and product line a Premiums earned1 2011 (USD 22.2 billion) by region (in USD bn) … and by business segment: 9.3 Admin Re® 8.6 Corporate 8% 4.3 Solutions 9% P&C Re 45% Americas Europe Asia (incl. Middle East /Africa) 42% 39% 19% L&H Re 38% Swiss Re bene
Slide 4: Business Units: Clear strategic goals
Business Units Clear strategic goals 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
Slide 5: Key priorities for the Group
Key priorities for the Group a Strategy Define the Group strategy and control implementation Financial targets Delivery on 2011-15 financial targets is the top priority Adhere to SR dividend policy, ensure attractive payouts and dividend Capital and asset (Re)deploy capital based on contribu
Slide 6: Underwriting: key value drivers to manage the P&C Re business
a Underwriting Vontobel | Summer Conference 2012 | Interlaken, 22 June 2012 9 There are 3 key value drivers to manage the P&C Re business successfully a Cycle Management 1 Reduce top line in softening, increase in hardening cycle Separation of costing and sales 2 Risk selection Use statistics,
Slide 7: Cycle management: we have a successful track record
Cycle management: we have a successful track record a Index value 115 110 105 100 95 90 85 80 75 70 2005 2006 2007 2008 2009 2010 2011 Market price index Market Share top 8 excluding Swiss Re Market share Swiss Re Swiss Re's market share of top 8 reinsurers decreased from 27.2% in 2006 to 19.5% in
Slide 8: Risk selection: we leverage our R&D to pick best risks
Risk selection: we leverage our R&D to pick best risks a Price variability P&C 2011 Market views on "cost of goods sold" (i.e. the expected loss) vary widely on every treaty Profitability of treaties therefore varies Premium widely in our own view Business written by SR It is possible to beat
Slide 9: Swiss Re's approach to underwriting leads to outperformance
Swiss Re's approach to underwriting leads to outperformance a Swiss Re’s P&C premium and underwriting profit share vs top 8 reinsurers 60% 50% 40% 2011 underwriting loss1: 30% Top 8 reinsurers: USD 6.0bn in u/w loss 20% Swiss Re: USD 0.2bn in u/w loss 10% Swiss Re premium share of 19%, share o
Slide 10: Conclusion: Swiss Re has a unique proposition for investors
a Conclusion Vontobel | Summer Conference 2012 | Interlaken, 22 June 2012 17 Swiss Re has a unique proposition for investors a A dynamic, Growing underwriting profits, in developed and emerging markets target-driven Well-positioned Business Units for better accountability, drive and… company…
Slide 11: Thank you: Corporate calendar & contacts
a Thank you Corporate calendar & contacts a Corporate calendar 09 August 2012 Second Quarter 2012 results Conference call 10 September 2012 Investors and Media meeting Monte Carlo 08 November 2012 Third Quarter 2012 results Conference call 21 February 2013 Annual Results Zurich Investor Relations co
Slide 12: Cautionary note on forward-looking statements
Cautionary note on forward-looking statements a Certain statements and illustrations contained herein are forward-looking. These statements and illustrations provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a histor