Zurich Insurance Group Ltd · SIX:ZURN
Zurich Insurance — Morgan Stanley 2013 European Financials Conference
12 slides from Zurich Insurance's conference presentation, Mar 20, 2013
Slide 1: Zurich Insurance Group
Zurich Insurance Group Pierre Wauthier Chief Financial Officer Morgan Stanley – 2013 European Financials Conference London, 20 March 2013
Slide 2: Key Messages
Key Messages Strong capital and cash flows support sustainable and attractive CHF 17 per share dividend Pricing and portfolio management discipline generate strong underlying profitability Accelerated top-line growth in target markets Progressing on our strategy to deliver our 2013 targets © Zurich
Slide 3: Strong performance and track record across key metrics
Strong performance and track record across key metrics BV/share2 Cash Flow Economic Solvency Dividend from segments Z-ECM1 Ratio +15% in CHF USD 4.0bn USD 2.7bn 110% +17% in USD As of 31 December 2012 Dividend paid in April 2012 As of 1 July 2012 1 Jan 2012 – 31 Dec 2012 Shareholders’ NIAS ROE3 BOPA
Slide 4: Outperforming sector on Total Shareholder Return and dividends
Outperforming sector on Total Shareholder Return and dividends TSR out-performance 2008 – to date Dividends (in CHF)1 (in percentage points) 17.0 17.0 17.0 16.0 11.0 2008 2009 2010 2011 2012 © Zurich Insurance Company Ltd Source: Datastream, as of 13 March 2013 1 Dividend represents gross dividend p
Slide 5: Focused strategy delivers value
Focused strategy delivers value Strategy Results High diversification from a • Global footprint and focused on insurance truly global insurance portfolio • Limited concentration risk Focus on profitability with • Profitable business with continuous underlying improvements targeted growth • Diversifi
Slide 6: Share of our International Markets more than doubled
Share of our International Markets more than doubled 2008 GWP & Policy fees1 2012 GWP & Policy fees1 (including Life insurance deposits) (including Life insurance deposits) USD 59bn +12%2 USD 66bn Europe 65% Europe LatAm 57% 12% 3% LatAm 10% +137%2 21% 7% APME3 9% APME3 25% BOP share BOP share 22% I
Slide 7: Topline growth continuing while underlying performance improving
Topline growth continuing while underlying performance improving General Insurance Global Life Farmers Underlying Loss NBV FMS2 BOP Ratio (in %) (in USD millions) (in USD millions) -6.4pts +44% +20% 2008 – 2012 2008 – 2012 2008 – 2012 GWP APE GEP1 (in USD millions) (in USD millions) (in USD millions
Slide 8: Disciplined approach to capital drives value
Disciplined approach to capital drives value Z-ECM Ratio (%) ZECM 231% 223% 225% Economic- 183% 178% SST based 124% 119% 122% 103% 110% 100% Z-ECM capital = AA target deployment HY 2010 FY 2010 HY 2011 FY 2011 HY 2012 Asset allocation (%) 5.6% 1.0% Risk exposure (%) 3.2% (as of Dec 31, 2012) (as of
Slide 9: Strong cash flow generation continued in 2012
Strong cash flow generation continued in 2012 Underlying profitability and disciplined growth generated USD 4bn of cash from the segments USD bn, 2012 FY forecast USD 4.0bn of cash 0.5 4.0 -0.9 4.0 remitted from the 0.2 0.5 0.3 business segments 3.5 0.2 -0.3 2.2 0.2 USD 0.4bn of cash 3.0 -2.7 0.1 co
Slide 10: Key Messages
Key Messages Strong capital and cash flows support sustainable and attractive CHF 17 per share dividend Pricing and portfolio management discipline generate strong underlying profitability Accelerated top-line growth in target markets Progressing on our strategy to deliver our 2013 targets © Zurich
Slide 11: Thank you for your attention!
Thank you for your attention! © Zurich Insurance Company Ltd March 20, 2013 Morgan Stanley – 2013 European Financials Conference 11
Slide 12: 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 of Zurich Insurance Group Ltd or the Zurich Insurance Group (the Group). F
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