Swiss Re Ag · SIX:SREN
Swiss Re — Vontobel Summer Conference 2011
14 slides from Swiss Re's conference presentation, Jun 16, 2011
Slide 1: Vontobel Summer Conference 2011
a Vontobel Summer Conference 2011 Thierry Léger Head Division Globals, Member of Group Management Board Interlaken, 16 June 2011
Slide 2: Introduction to Swiss Re
a Introduction to Swiss Re Vontobel | Summer Conference 2011 | Interlaken, 16 June 2011 2 Swiss Re a Swiss Re is a leading and highly diversified global re/insurance company 147 years of experience in providing wholesale re/insurance and risk management solutions. We deliver both traditional and
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 2010 (USD 20.6 billion) by region (in USD bn) … and by product line: Life & P&C non- Health 9.1 8.5 traditional 47% 3.0 Specialty 2% Life 13% 29% Property 22% Americas Europe Asia Health (incl. Middle East /Africa) 10%
Slide 4: Swiss Re's priorities and new corporate structure
a Swiss Re's priorities and new corporate structure Vontobel | Summer Conference 2011 | Interlaken, 16 June 2011 5 Swiss Re's priorities a Outperform our peers Reinsurance Admin Re® The leading Build on Asset Management player in the what we are wholesale good at Smart expansion re/insurance
Slide 5: Three Business Units to support our priorities
Three Business Units to support our priorities a Swiss Re Holding Reinsurance Corporate Solutions Admin Re® Mission To be the world's leading To be a lean, global To be a recognised reinsurer player in large force in the closed life commercial business book market Business The foundation of our A ke
Slide 6: A world leading reinsurer: portfolio construction
a A world leading reinsurer Vontobel | Summer Conference 2011 | Interlaken, 16 June 2011 9 Portfolio construction Steering towards segments offering most value a Net present value of premiums written % of portfolio 50% 40% 30% 20% Property 10% Casualty Life & Health 0% 2004 2005 2006 2007 2008 2009
Slide 7: Our fundamental strengths
Our fundamental strengths a Very strong, 148 years old brand Very strong client franchise C-suite access with nearly all clients Global presence Global distribution and access to risk Very diversified portfolio Underwriting knowledge in all relevant risk classes More than USD 10bn of exc
Slide 8: Client segmentation
Client segmentation Targeted sales approach a Segments Description & needs Our approach Very large global players One globally dedicated team Usually active on several continents Globals Complex capital structures and Tailor made solutions financial needs Large capacities Aggregators National market
Slide 9: First quarter 2011
a First quarter 2011 Vontobel | Summer Conference 2011 | Interlaken, 16 June 2011 15 Q1 2011 Highlights High level of natural catastrophes a Net loss USD 0.7bn vs net income USD 0.2bn in Q1 2010 P&C combined ratio 163.7% – Nat cats account for 89.4% pts – Combined ratio adjusted for normal expec
Slide 10: Property & Casualty
Property & Casualty Strong underwriting results impacted by high losses from natural catastrophes a Premiums earned Operating income/loss Combined ratio, trad. USD m USD m % -7.8% n/a +54.3pts. 109.4% 2 851 2 630 (107.8% excl. 259 unwind) 163.7% (162.2% excl. -1 233 unwind) Q12010 Q12011 Q12010 Q120
Slide 11: Life & Health
Life & Health Less favourable mortality a Operating revenues Operating income Benefit ratio1 USD m USD m % +3.0% -41.2% +0.3 pts 2 992 2 905 89.1% 245 89.4% 144 Q12010 Q12011 Q12010 Q12011 Q12010 Q12011 Increased premiums and fee Mortality experience slightly Benefit ratio stable income driven
Slide 12: Summary
Summary Expect to benefit from improving market conditions a Net loss for period driven by very high level of nat cats Nat cat events expected to accelerate market hardening Renewals show continued growth and underwriting quality Good result in AM, portfolio in line with asset allocation mid
Slide 13: Questions & answers
a Questions & answers Vontobel | Summer Conference 2011 | Interlaken, 16 June 2011 22 Corporate calendar & contacts a Corporate calendar 04 August 2011 Second Quarter 2011 results Conference call 12 September 2011 Investors and Media meeting Monte Carlo 03 November 2011 Third Quarter 2011 results Co
Slide 14: 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