Zurich Insurance Group Ltd · SIX:ZURN
Zurich Insurance — Zurich Financial Services — H1 2006 Earnings Presentation
16 slides from Zurich Insurance's earnings presentation, Aug 17, 2006
Slide 1: Half Year Results Reporting 2006 Media presentation
Half Year Results Reporting 2006 Media presentation Zurich, August 17, 2006
Slide 2: Disclaimer and cautionary statement
Disclaimer and cautionary statement Certain statements in this document are forward-looking statements, including, but not limited to, statements that are predications of or indicate future events, trends, plans or objectives. Forward-looking statements include statements regarding our targeted prof
Slide 3: Agenda
Agenda • Introduction James J. Schiro • Half Year Results 2006 Patrick O’Sullivan • Q&A © Zurich Financial Services - Half Year Results Reporting 2006, August 17, 2006 3
Slide 4: Introduction
Introduction James J. Schiro Chief Executive Officer August 17, 2006
Slide 5: Half Year Results 2006
Half Year Results 2006 Patrick O’Sullivan Group Finance Director August 17, 2006
Slide 6: Financial highlights
Financial highlights in USD millions 2006 2005 Change for the six months ended June 30 Business operating profit 2,847 2,305 24% Net income attributable to shareholders 1,957 1,799 9% General Insurance combined ratio 94.8% 96.9% 2.1pts Life Insurance new business profit margin1 17.7% 17.4% 0.3pts 06
Slide 7: Business operating profit by segment
Business operating profit by segment in USD millions 2006 2005 Change for the six months ended June 30 General Insurance 1,781 1,385 29% Global Life 557 536 4% Farmers Management Services 615 609 1% Other Businesses 298 154 94% Corporate Functions -404 -379 -7% Total 2,847 2,305 24% © Zurich Financi
Slide 8: Gross written premiums and policy fees by segment
Gross written premiums and policy fees by segment in USD millions 2006 2005 Change Change for the six months ended June 30 in LC1 General Insurance 18,477 18,635 -1% 2% Global Life 5,133 5,460 -6% -2%2 Other Businesses 1,090 1,913 -43% -43% Other segments and eliminations -95 -54 nm nm Total 24,605
Slide 9: Global Life key performance indicators
Global Life key performance indicators in USD millions 2006 2005 Change Change for the six months ended June 30 in LC4 Business operating profit 557 536 4% Annual Premiums Equivalent (APE) 1,163 1,076 8% 20% New business profit, after tax 205 187 10% 19% New business profit margin, after tax1 17.7%
Slide 10: Global Life new business indicators
Global Life new business indicators Annual Premiums Equivalent and New Business Profit in USD millions APE APE Chang Chang NBP NBP Chang for the six months ended June 30 2006 2005 e e 2006 2005 e in LC1 United States 53 54 -2% -2% 26 43 -40% United Kingdom 384 367 5% 16% 35 30 17% Germany 217 252 -1
Slide 11: General Insurance key performance indicators
General Insurance key performance indicators Business Operating Profit Combined ratio (%) in USD millions 2006 2005 Change Global 93.9 for the six months ended June 30 Corporate 96.4 Global Corporate 364 270 35% NA 95.7 North America Commercial 568 403 41% Commercial 97.7 Europe 92.9 Europe General
Slide 12: Update on North America property catastrophe exposure
Update on North America property catastrophe exposure • Reinsurance − No significant change to structure announced at year end • Primary rates − Rates for US property lines rose with strong increases in CAT exposed areas • Exposure management − Optimized exposure from revised CAT modeling − Rebalanc
Slide 13: Farmers Exchanges key performance indicators
Farmers Exchanges1 key performance indicators in USD millions 2006 2005 Chang for the six months ended June 30 e Gross written premiums 7,435 7,277 2% Net underwriting result 228 296 -23% Combined ratio 95.8% 94.4% -1.4pts Adjusted combined ratio2 89.1% 87.4% -1.7pts Surplus ratio 38.3% 37.4% 0.9pts
Slide 14: Investment performance of Group investments
Investment performance of Group investments in USD millions 2006 2005 Chang for the six months ended June 30 e Net investment income 3,871 4,030 -4% Net capital gains on investments and 507 1,001 -49% impairments of which attributable to shareholders 415 457 -9% Net investment result 4,378 5,031 -13
Slide 15: Closing remarks
Closing remarks James J. Schiro Chief Executive Officer August 17, 2006
Slide 16: ZURICH
@ ZURICH
Zurich Financial Services — H1 2006 Earnings Presentation on 6ix