Helvetia Baloise Holding Ag · SIX:HBAN

Helvetia Baloise — Helvetia Group — UBS Best of Switzerland Conference 2016

27 slides from Helvetia Baloise's conference presentation, Sep 15, 2016

  1. Slide 1: UBS Best of Switzerland Conference

    Your Swiss Insurer. Helvetia Group UBS Best of Switzerland Conference Paul Norton, CFO Ermatingen, 15 September 2016

  2. Slide 2: Disclaimer

    Disclaimer Disclaimer: NEITHER THIS DOCUMENT NOR ANY PART OR COPY OF IT NOR THE INFORMATION CONTAINED IN IT AND ANY RELATED MATERIALS MAY BE TAKEN OR TRANSMITTED INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR DISTRIBUTED OR REDISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALI

  3. Slide 3: Who we are – Helvetia at a glance

    Who we are – Helvetia at a glance Our profile  Leading Swiss all-lines insurer (Top 3) with a second main pillar in Europe and in selected niche markets worldwide  Active in non-life (property & casualty) and life insurance as well as in Specialty Markets (specialty insurance and reinsurance busin

  4. Slide 4: We have a long tradition

    We have a long tradition Over 150 years of insurance expertise Active M&A Strategy  1858 start as transport insurer  1870-1970 initially, expansion strategy with small portfolios worldwide Switzerland 2010 2012 2014   From 1990 focussing on 6 European core markets Italy 2008 2008/12 2013   199

  5. Slide 5: One of the most important acquisitions: Nationale Suisse

    One of the most important acquisitions: Nationale Suisse Significant combination Strategically compelling Value enhancing benefits  Top 3 all-line insurer in the  Significant cost synergies and  Significant scale benefits as a highly profitable Swiss cross-selling potential result of excellent fi

  6. Slide 6: Helvetia is well positioned

    Helvetia is well positioned Switzerland  Top 3 position in stable and profitable home market  Solid foundation for Group's Specialty Markets further development  Strong positioning in selected niche Europe markets (top 1 CH, top 2 FR)  Profitable and expandable  Good international diversificati

  7. Slide 7: We have ambitious target positionings

    We have ambitious target positionings Target positioning of helvetia 20.20 Switzerland: (illustration)  Increase in Switzerland’s profit contribution through organic growth, innovation and synergies from past Switzerland acquisitions  Objective: Best Swiss insurer Europe:  Further expansion in Eu

  8. Slide 8: helvetia 20.20 focuses on the most important trends

    helvetia 20.20 focuses on the most important trends Insurance market in a Digitisation as a strong state of flux: driver: Dynamic non-life business, Online and mobile business, repositioning in life business, smart data, Internet of ongoing market consolidation Things and automation and new competit

  9. Slide 9: We build on the opportunities offered by digitisation

    We build on the opportunities offered by digitisation Modern customer and partner interaction Easy and convenient access to all services on different Online business models channels More open partner structures with inclusion of partners in systems of service design and provision Increasing personal

  10. Slide 10: We further develop our sales network

    We further develop our sales network Multi-channeling approach Omni-channeling  Strong tied agents network  Successful online distribution channel smile.direct Partner  High-quality broker relations  Exclusive and renown cooperation partners  Strong cross-selling potential (life / non-life) Our

  11. Slide 11: helvetia 20.20 makes us fit for the future

    helvetia 20.20 makes us fit for the future Fit for the future Financial targets  Modern and digital  Volume: CHF 10 billion  Customer-centric by combining  Profitability: NL: Net CR < 93% traditional strengths and new L: NBM > 1% opportunities  Costs: Synergies from acquisitions  Agile und eff

  12. Slide 12: «integrate» is a component of implementation

    «integrate» is a component of implementation  Integration of Nationale  Progressive digital Customer benefits: Convenience through Suisse and Basler Austria transformation multi-access, digital services and almost completed personalisation  Targeted innovation of business models with new partners

  13. Slide 13: New Executive Management as of 1 January 2017

    New Executive Management as of 1 January 2017 General CEO Internal Audit1) Secretary1) Philipp Gmür Simon Schneider Christophe Niquille Support Human 1) Reports to the Chairman of functions Resources the Board of Directors Roland Bentele Members of the Executive Corporate Centre Management Kaspar Ha

  14. Slide 14: New structure boosts strategy implementation

    New structure boosts strategy implementation Helvetia becomes more agile  Clear, integrated organisational structure with well-focused tasks  Elimination of unnecessary duplications  Group management closer aligned with market developments Helvetia becomes more digital and innovative  Strengthen

  15. Slide 15: Where we are today (1/2)

    Where we are today (1/2) After tax profit1) Business Volume Our focus (in CHF million) (in CHF million)  Profitable growth 422 439 7,477 7,767 8,235 364 5,544 238 2013 2014 2015 HY 2016 2013 2014 2015 HY 2016 Net combined ratio (NL) Value of new business (L) Our focus (in %) (in CHF million)  Stro

  16. Slide 16: Where we are today (2/2)

    Where we are today (2/2) Shareholders’ equity1) Solvency Our focus (in CHF million) (in %, as of 31/12/2015)  Financial strength SST 150-200% 0% 100% 200% 4,963 4,655 4,843 3,831 2013 2014 2015 HY 2016 Dividend Dividend yield / Pay-out ratio Our focus (per share in CHF) (in %)  Sustainable dividen

  17. Slide 17: Non-Life: Retaining the good portfolio quality

    Non-Life: Retaining the good portfolio quality 93.7% 93.6% 93.5% 92.1% 91.9% 8.4 9.2 8.7 9.0 8.9 ■ Disciplined underwriting strategy 20.5 21.0 21.9 20.4 19.3 ■ Selective underwriting of large risks ■ Portfolio optimisation if necessary Combined Ratio < 95% on average 64.8 63.4 62.9 62.7 63.6 20121)

  18. Slide 18: Life: Stabilisation of interest margin

    Life: Stabilisation of interest margin Switzerland (CHF) 2.51% 2.37%2) 2.32%1) ■ Sustainable balance sheet structure due to 0.73% 0.88% 0.95% efficient asset-liability matching with low duration gap 1.78% 1.44% 1.42% ■ Limited long-term liabilities within our Swiss group pension business 2014 2015 H

  19. Slide 19: Well-diversified investment portfolio

    Well-diversified investment portfolio Portfolio by asset class HY 2016 Performance by asset class HY 2016 FY 2015 HY 2016 Other1) 3% 3% Alternative 1% 2% investments / Loans 3% 2% Equities2) 5% 4% investment 6% funds / 6% derivatives Market risk PH 4.7% 9% 9% Mortgages 13% 3.3% Investment 13% proper

  20. Slide 20: Shareholder structure with long-term focus

    Shareholder structure with long-term focus 4.0% Raiffeisen Switzerland 4.0% Vontobel Group 30.1% Free float Pool members Patria Mutual 61.9% 38.1% Free float1) by investor type Free float1) by geography Other Investors Private individuals institutional based abroad Swiss 28.1% investors 35.9% invest

  21. Slide 21: Calendar and contact

    Calendar and contact Important dates  13/03/2017 Publication of financial results 2016  28/04/2017 Ordinary Shareholders’ Meeting  04/09/2017 Publication of half-year results 2017 Contact details Investor Relations Susanne Tengler Philipp Schüpbach Head of Investor Relations Investor Relations Ma

  22. Slide 22: Appendix

    Your Swiss Insurer. Appendix

  23. Slide 23: Our market positions

    Our market positions CHF 830.2 mn 30% Life 70% Non-Life Nr. 28 CHF 217.1 mn CHF 4,953.4 mn Niche 71% Life position 29% Non-Life Nr. 2 Nr. 3 Nr. 10 CHF 435.0 mn Nr. 22 33% Life 67% Non-Life Nr. 29 CHF 416.1 mn 30% Life 70% Non-Life CHF 925.2 mn 46% Life 54% Non-Life Market positions of country market

  24. Slide 24: Our product portfolio (1/2)

    Our product portfolio (1/2) Non-Life as of 31/12/2015 Premiums by business line  Property (incl. engineering) CH DE IT ES AT FR LI 8% 7%  Motor vehicle Property • • • • • • 8% 35%  Transport (incl. art) Motor vehicle • • • • • • 9%  Liability Liability • • • • • • 33%  Accident / Health Acciden

  25. Slide 25: Our product portfolio (2/2)

    Our product portfolio (2/2) Life as of 31/12/2015 Group life Occupational pension plans (BVG) (Switzerland only) Individual life Management pension schemee solutions via Helvetia Collective CH DE IT ES AT Foundation Traditional All risks and benefits in occupational pension plans are assured and gua

  26. Slide 26: How does non-life insurance work?

    How does non-life insurance work? 26

  27. Slide 27: How does life insurance work?

    How does life insurance work? 27

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