Qbe Insurance Group Limited · ASX:QBE
Qbe Insurance — Debt Investor Presentation (December 2018)
8 slides from Qbe Insurance's debt investor presentation, December 2018
Slide 1: Fixed income investor update FY18
All figures in US$ and as at 31 December 2018 unless otherwise stated
Slide 2: QBE operates in 3 divisions with operations in 31 countries globally
QBE Insurance Group Limited (“QBE”) operates in 3 divisions(1) with operations in 31 countries globally QBE is an international general insurance and reinsurance company, with meaningful operations in the major insurance hubs. QBE is listed on the Australian Securities Exchange and headquartered in
Slide 3: Maintaining a strong capital position
Maintaining a strong capital position • PCA multiple at 1.78x (1.6x-1.8x range) Strong • Remains above S&P ‘AA’ minimum levels Capital Ratings • S&P, Moody’s, Fitch & AM Best affirmed QBE’s credit rating • Ratings are supported by the Group’s globally diversified multiline business, strong market Ra
Slide 4: QBE Insurance Group is rated by 4 major rating agencies
QBE Insurance Group is rated by 4 major rating agencies Long Term Debt Issue Rating FSR(1) (2) ICR (3) Outlook Affirmation September S&P A+ A- Stable 2018 AM Best A (excellent) bbb+ Stable June 2018 September Fitch A+ A- Stable 2018 Moody’s A1 A3 Negative December 2018 1. Insurance Financial Strengt
Slide 5: Date to First Call and Legal Maturity Profile
Date to First Call ($M) Legal Maturity Profile ($M) Weighted Average Maturity: 5.49 years Weighted Average Maturity: 20.73 years (ex AT1) 900 900 696 699 696 582 600 600 466 466 406 400 399 387 300 300 300 195 198 198 141 141 6 0 0 2019 2020 2021 2022 2023 2024 2025 2026 2022 2023 2040 2041 2042 204
Slide 6: Capital Base / Tiers of Capital and Point of Non-Viability Loss Absorption
Capital Base / Tiers of Capital Point of Non-Viability Loss Absorption • All Additional Tier 1 and Tier 2 must include loss absorption provisions Common Additional Tier (via conversion or write-down) upon a non-viability trigger event Tier 2 Equity Tier 1 1 • Both sequential (loss absorption hierarc
Slide 7: Contact our Global Treasury team
Contact our Global Treasury team Danny Fischer Group Treasurer QBE Insurance Group Limited +61 2 9375 4911 danny.fischer@qbe.com
Slide 8: www.asx.com.au or QBE’s website www.qbe.com. necessarily complete. Prior to making a decision in relation
The information in this presentation provides an overview of the results other factors, many of which are beyond the control of QBE that may for the year ended 31 December 2018. cause actual results to differ materially from those either expressed or implied in such statements. There can be no assur
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