Swiss Re AG · SIX:SREN
Swiss Re — Investor Presentation (March 2023)
47 slides from Swiss Re's investor presentation, March 2023
Slide 1: Partnering for progress
Partnering for progress An introduction to the Swiss Re Group
Slide 2: Contents
Contents 03 About us 15 Group overview 21 Our business Swiss Re, Swiss Re Corporate Solutions, iptiQ, Public Sector Solutions 33 What sets us apart 40 Our key supporting units Swiss Re Institute, Swiss Re Foundation 2
Slide 3: About us
About us 3
Slide 4: About us
About us We are one of the world’s leading providers of Today, 75% of risks – from reinsurance, insurance and natural catastrophes and other forms of insurance- climate change, to ageing based risk transfer. Through populations and cybercrime our work with clients we fulfil – remain uninsured. our v
Slide 5: Our vision
Our vision We make the world more resilient 5
Slide 6: Our mission
Our mission Together, we apply fresh perspectives, knowledge and capital to anticipate and manage risk. That’s how we create smarter solutions for our clients, helping the world rebuild, renew, and move forward. 6
Slide 7: Our brand promise
Our brand promise We take on many of the world’s biggest risk challenges, empowering our clients with deep knowledge, intelligent data, and innovative risk solutions, brought together by our passionate global team. Working together with our clients and partners, our promise is to always strive for p
Slide 8: Our people
Our people We are an inclusive organisation of diverse talents. Collaborating across the globe, we apply our unique perspectives and know-how as one Swiss Re to make the world more resilient. 8
Slide 9: About us
About us Headquartered in Zurich, Switzerland, where we Business units Stand-alone brand were founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally. Our approximately 14,400 employees provide a wide range of technical expertise, enabling us to develop unique so
Slide 10: Our global presence
Our global presence Americas EMEA APAC 121 nationalities Brazil Canada Denmark France Luxembourg Netherlands Australia China Approximately 14,400 employees, Colombia Mexico Germany Ireland Slovak Republic South Africa India Japan with a presence in 29 countries USA Israel Spain Malaysia Italy Switze
Slide 11: Our people, inclusion and diversity
Our people, inclusion and diversity At Swiss Re, diverse talents come together to apply fresh 83% of employees agree that Swiss Re provides an inclusive work perspectives and knowledge to make the world more environment.* resilient. We embrace and build a diverse workforce that brings together the b
Slide 12: Our history
1863 Our history 1906 Swiss Re is founded in Zurich, Switzerland Swiss Re pays its largest claims so far for the Founded San Francisco Earthquake 19th December 1863 1910 1950s Swiss Re opens its first foreign office in New York laying the foundations for its international expansion Swiss Re extends
Slide 13: Our brand
The “Swiss Cross” Our brand Swiss Re’s first reinsurance treaties were affixed with a company stamp. In the 1864 early 20th century, the shape of the symbol We regularly update became circular our brand promise and The “Altbau” visual identity in support In this period, Swiss Re used only its 1950s
Slide 14: Our leadership
Our leadership Group Executive Committee Andreas Berger Paul Murray Urs Baertschi Jonathan Isherwood Hermann Geiger Guido Fürer Chief Executive Officer Chief Executive Officer Chief Executive Officer Chief Executive Officer Group Chief Legal Officer Group Chief Investment Corporate Solutions Reinsur
Slide 15: Group overview
—_— Group overview
Slide 16: We operate as 'One Swiss Re'
We operate as ‘One Swiss Re’ Reinsurance A leading global reinsurer Corporate Solutions A specialised risk partner with direct access to corporate customers iptiQ A globally leading digital B2B2C insurance platform Our group business foundation A balanced approach to accountability, shared values an
Slide 17: Our strategy offers more than traditional risk transfer
Our strategy offers more than traditional risk transfer sigma research SONAR New emerging risks insights SwiftRe® Surety Client Portal Magnum Ex Tool CatNet® MPL for explosions PUMA FacEasy Engineering underwriting PULSE Online risk management Public sector Traditional risk Large and complex risk tr
Slide 18: Group financial performance
Group financial Net income 0.47bn 2021: 1.4bn performance Premiums earned and fee income 43.1bn Group Results 2021: 42.7bn Shareholders’ equity 12.7bn 2022 (USD) 2021: 23.6bn Return on equity 2.6% 2021: 5.7% Return on investments 2.0% 2021: 3.2% P&C Re combined ratio 102.4% 2021: 97.1% L&H Re net op
Slide 19: Group financial performance: revenue split and ratings
Group financial Revenue split 2022 performance P&C Re 51% L&H Re 35% Corporate Solutions 13% Group Items Ratings (02/2023) 1% AA – Aa3 A+ EMEA 31% USD 13.2 bn Americas 51% USD 22.1 bn Standard & Poor’s Moody’s A.M. Best Asia 18% USD 7.8 bn 19
Slide 20: Investment portfolio
Investment Investment portfolio split portfolio Cash and cash Short term equivalents investments FY 2022 4% 8% USD bn Government bonds Credit bonds 36% 35% 105.7 Assets under management 2.0% Return on investment Equities 6% Other investments Mortgages and other loans 4% (incl. policy loans) 7% 20
Slide 21: Our business
—_— Our business
Slide 22: Reinsurance
Reinsurance Our Reinsurance Business Unit covers both Property & Casualty (P&C) and Life & Health (L&H). We're a leading, diversified global reinsurer, providing expertise and services to clients throughout the world, since 1863. What sets us apart is our financial strength, unrivalled knowledge and
Slide 23: Reinsurance P&C
Geographically diversified premium split % of net earned premium by geography 2022 Reinsurance P&C Americas 55% EMEA 30% Asia 15% Portfolio composition % of net earned premium by segment 2022 FY 2022 Property 42% Premiums earned Combined ratio Liability 21% Motor 16% 22.0 102.4% Accident & Health 6%
Slide 24: Reinsurance L&H
Geographically diversified premium split % of net earned premium by geography 2022 Reinsurance L&H Americas 45% EMEA 31% Asia 24% Portfolio composition % of net earned premium by segment 2022 FY 2022 Premiums earned Net operating margin Mortality 58% and fee income Longevity 11% 15.0 4.3%* Critical
Slide 25: Reinsurance claims: we make the world more resilient
Reinsurance claims During 2022 we paid We make the world USD 16.3bn in P&C claims more resilient USD 12.9bn in L&H benefits which translates into >3,300 284m P&C clients family members, benefitting loved ones and from our caregivers reinsurance protected support through L&H Re 25
Slide 26: Corporate Solutions
Corporate Solutions Swiss Re Corporate Solutions provides risk transfer solutions to large and mid-sized corporations around the world. Advancing corporate At Swiss Re Corporate Solutions, we are insurance together relentlessly addressing industry inefficiencies and customer and broker pain points t
Slide 27: Corporate Solutions portfolio
Corporate Solutions portfolio Geographically diversified premium split Portfolio composition % of net earned premium by geography 2022 % of net earned premium by segment 2022 North America Property 33% 45% Professional liability 20% Latin America Accident & Health 7% 5% Other liability 4% EMEA 25% C
Slide 28: Our Corporate Solutions value proposition makes six promises to our customers
Our Corporate Provide fresh and innovative perspectives Solutions value We push the status quo and seek better, more sustainable ways to manage risk through our thought leadership, research Integrate analytics and tech- driven solutions proposition makes and new perspectives We are creating state-of
Slide 29: iptiQ is a global B2B2C digital insurance business
iptiQ is a global B2B2C digital insurance business offering flexible solutions through the use of technology Retail insurance markets are growing, with a visible shift towards embedded insurance as well as tech driven sophistication iptiQ’s business model is focused on enabling partnerships with dig
Slide 30: iptiQ is dynamically growing and diversifying
iptiQ is dynamically growing and diversifying across both individual life and health as well as property and casualty We are expanding our market reach and growing together with our 51 distribution partners 1 United States Europe Asia B2B B2C •> Life protection • > Life protection •> Life protection
Slide 31: Public Sector Solutions
Long-standing industry knowledge and risk insights based on innovative data and modelling tools. Combination of insurance and tech applications to provide public sector clients with a digital disaster risk management opportunity. Public Sector Solutions - working with our partners to help government
Slide 32: Meet Swiss Re's Public Sector Solutions Team
Meet Swiss Re’s Public Sector Solutions Team London Seattle Bratislava Beijing Zurich New York City Tokyo +850 bound transactions Washington D.C. since 2011 demonstrate the Mexico City Mumbai need for the covers we offer Bogota Singapore With our global footprint we São Paulo provide tailored suppor
Slide 33: What sets us apart
—_— What sets US apart
Slide 34: Our differentiators
Our Risk Knowledge allows us to develop better differentiators products with and for our clients. Capital Strength provides us with great financial flexibility and enables us to seize opportunities quickly. Client Franchise built through unique relationships and long-term partnerships. Tech & Data t
Slide 35: We leverage Tech and Data to drive the value of our solutions
We leverage Tech and Data to drive the value of our solutions $ $ Product Underwriting Sales and Post Sales Claims Contracts Development & Pricing Distribution Services Analytics solutions Streamlining Data-driven lapse, Post sales services Statistical Natural Language to access and underwriting wit
Slide 36: Risk knowledge focus areas
Mitigating climate risk Risk knowledge We mitigate the risk of natural catastrophes with innovative solutions to reduce the risks where possible and to withstand more frequent and severe climate impacts. focus areas Advancing the societal benefits of digitisation Increasing computing power and vast
Slide 37: Our Sustainability Approach
Our Sustainability Approach To live our commitment to sustainability, we pursue a clear strategy, have a suitable governance framework in place, determine relevant topics, set targets, report on our progress and monitor our performance. 37
Slide 38: Our Sustainability Journey
Our Sustainability Journey Adopted FSB TCFD recommendations Obtain 100% “Do our best, Signing of Signing of Reduced providing of power Reduced investing in thermal re/insurance from renewable remove the rest”1 coal companies to thermal coal sources 2003 2009 2015 2017 2019 2023 2050 1979 2007/08 201
Slide 39: Our progress towards sustainability
Our progress towards sustainability Business areas Initiative examples Re/insurance ✓ Exclude support for thermal coal and most carbon intensive oil & gas companies 1 ✓ Achieved a –34% reduction of the carbon intensity (covering Scope 1 and 2 emissions) of our Asset Management corporate bond and lis
Slide 40: Our key supporting units
—_— Our key Supporting units
Slide 41: Swiss Re Institute
Swiss Re Delivering powerful insights on current and future issues affecting the re/insurance industry and the world at large. Institute Swiss Re Institute harnesses Swiss Re's risk knowledge to produce data driven research across the company and with partner organisations. We foster knowledge shari
Slide 42: Research & Development
R&D value-driver framework Research & ✓ Business steering ✓ Capital allocation Development ✓ Risk selection and pricing ✓ Commercialisation ✓ Efficiency Project examples ✓ Insurance markets and cycle analysis ✓ Macroeconomic R&D ✓ Targeted portfolio analysis for liabilities and assets 844 16 127 ✓ K
Slide 43: Swiss Re Foundation
Together with our partners and Swiss Re employees, we support efforts to strengthen Swiss Re societal resilience in targeted low-income communities and in communities near Foundation Swiss Re locations. To help build resilient societies, the Foundation offers its partners tailored grant financing, a
Slide 44: We are Swiss Re
We are Swiss Re 44
Slide 45: Thank you!
Thank you! Contact us Follow us 45
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Slide 47: Legal notice
Legal notice ©2023 Swiss Re. All rights reserved. You may use this presentation for private or internal purposes but note that any copyright or other proprietary notices must not be removed. You are not permitted to create any modifications or derivative works of this presentation, or to use it for