Zurich Insurance Group Ltd · SIX:ZURN
Zurich Insurance — Zurich Financial Services — H1 2005 Earnings Presentation
15 slides from Zurich Insurance's earnings presentation, Aug 18, 2005
Slide 1: Half Year Results Reporting 2005 Analysts' presentation
Half Year Results Reporting 2005 Analysts’ presentation Zurich, August 18, 2005
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 pro
Slide 3: Agenda
Agenda • Introduction James J. Schiro • Half year results 2005 Patrick O’Sullivan • Q&A © Zurich Financial Services - Half Year Results Reporting 2005, August 18, 2005 3
Slide 4: Introduction
Introduction James J. Schiro Chief Executive Officer August 18, 2005
Slide 5: Financial highlights
Financial highlights in USD millions 2005 20041 Change for the six months ended June 30 Gross written premiums and policy fees 25,954 26,356 -2% Business operating profit 2,305 1,978 17% Net income attributable to shareholders 1,799 1,484 21% General Insurance combined ratio 96.9% 96.6% -0.3pts Life
Slide 6: Half year results 2005
Half year results 2005 Patrick O’Sullivan Group Finance Director August 18, 2005
Slide 7: Business operating profit by segment
Business operating profit by segment in USD millions 2005 2004 Change for the six months ended June 30 General Insurance 1,384 1,260 10% Life Insurance 536 440 22% Farmers Management Services 609 556 10% Other Businesses 158 35 351% Corporate Functions -382 -313 -22% Total 2,305 1,978 17% © Zurich F
Slide 8: General Insurance key performance indicators
General Insurance key performance indicators Business operating profit Combined ratio (%) in USD millions 2005 2004 Change 96.9 Total1 for the six months ended June 30 96.6 Global Corporate 248 353 -30% 96.6 Global North America Commercial 424 240 77% Corporate 90.1 Europe 714 509 40% NA 97.6 Commer
Slide 9: Life Insurance key new business indicators
Life Insurance key new business indicators Business operating profit by business unit New business profit margin1 in USD millions 2005 2004 Change 10.9 Total for the six months ended June 30 9.7 48.5 United States 105 102 3% US 56.9 United Kingdom2 88 145 -39% 4.2 UK 6.7 Germany 55 18 206% 15.7 Germ
Slide 10: Business operating profit by segment
Business operating profit by segment in USD millions 2005 2004 Change for the six months ended June 30 General Insurance 1,384 1,260 10% Life Insurance 536 440 22% Farmers Management Services 609 556 10% Other Businesses 158 35 351% of which: Farmers Re 113 92 23% Corporate Functions -382 -313 -22%
Slide 11: Investment performance of Group investments
Investment performance of Group investments in USD millions 2005 2004 Change for the six months ended June 30 Net investment income 4,030 3,652 10% Net capital gains on investments and impairments 1,001 254 294% Net investment result 5,031 3,906 29% Average investments1 187,699 175,124 7% Total retu
Slide 12: Q&A
@ ZURICH O&A
Slide 13: Appendix
@ ZURICH Appendix
Slide 14: Farmers Exchanges financial highlights
Farmers Exchanges1 financial highlights in USD millions 2005 2004 for the six months ended June 30 4'500 40% Gross written premiums 7,277 7,083 4'300 38% Net underwriting result 296 68 4'100 Net surplus change (YTD) 320 231 36% 3'900 Ending Surplus 4,466 3,916 34% 3'700 Surplus Ratio 37.4% 37.0% 3'5
Slide 15: Farmers Exchanges – combined ratio by line of business
Farmers Exchanges – combined ratio by line of business for the six months ended June 30 2005 2004 Change Auto 97.8% 100.8% 3.0pts Homeowners 80.1% 84.8% 4.7pts Commercial P&C1 99.1% 100.1% 1.0pts Workers’ Compensation 96.6% 102.3% 5.7pts Specialty 87.2% 90.2% 3.0pts Total 94.4% 97.7% 3.3pts Adjusted
Zurich Financial Services — H1 2005 Earnings Presentation on 6ix