QBE Insurance Group Limited · ASX:QBE
QBE Insurance — Shareholder Meeting (April 2015)
22 slides from QBE Insurance's shareholder meeting presentation, Apr 2, 2015
Slide 1: QBE Insurance Group 2015 Annual General Meeting
QBE Insurance Group 2015 Annual General Meeting Marty Becker Chairman John Neal Group Chief Executive Officer Thursday 2 April 2015 All figures in US$ unless otherwise stated 1
Slide 2: Chairman's address
Chairman’s Chairman’saddress address Marty Becker Marty Becker 2
Slide 3: Our initiatives through 2014
Our initiatives through 2014 1. Refresh of the QBE Group Board 2. Strengthen and normalise the balance sheet 3. Stable and predictable earnings 3
Slide 4: Group Chief Executive Officer address
Chairman’s address Group Chief Executive Officer Marty Becker address John Neal 4
Slide 5: Contents
Contents 1. 2014 financial performance highlights 2. 2015 outlook 3. Building for the future 5 2015 QBE Group Annual General Meeting
Slide 6: 2014 financial results summary
2014 financial results summary For the year ended 31 December 2013 2014 Change GWP $M 17,975 16,332 9% NEP $M 15,396 14,084 9% Underwriting profit $M 341 547 60% COR % 97.8 96.1 1.7ppt Insurance profit $M 841 1,074 28% Insurance profit to NEP % 5.5 7.6 2.1ppt Cash profit before tax $M 797 1,048 31%
Slide 7: Overview of 2014 divisional management results
Overview of 2014 divisional management results Australia & North Emerging (1)Group 2014 New Zealand America Europe Markets Equator Re (statutory) GWP ($M) 4,392 5,310 4,526 2,179 642 16,332 Contribution to Group GWP 27% 32% 28% 13% - 100% GEP ($M) 4,386 5,457 4,805 1,942 764 16,521 NEP ($M) 3,834 4,
Slide 8: 2015 outlook
2015 outlook Gross written premium $15.5 – 15.9Bn (1) ($16.4 – 16.8Bn in constant currency) Net earned premium $12.6 – 13.0Bn (1) ($13.4 – 13.8Bn in constant currency) Combined operating ratio 94% - 95% (2) (3) Insurance profit margin 8.5% - 10% (2) (3) (1) Premium targets are based on assumed FX ra
Slide 9: Building for the future
Building for the future 9 2015 QBE Group Annual General Meeting
Slide 10: Chairman's address: Formal Business
Chairman’s address Formal Business Marty Becker Marty Becker 10
Slide 11: Item 1: Receive annual financial report
Item 1: To receive and consider the annual financial report and the reports of the directors and of the auditors of the Company for the year ended 31 December 2014 11 2015 QBE Group Annual General Meeting
Slide 12: Item 2: Adopt the remuneration report
Item 2: To adopt the remuneration report 12 2015 QBE Group Annual General Meeting
Slide 13: Item 3: Grant of conditional rights to Group CEO
Item 3: To approve the grant of conditional rights under the 2015 Long-term Incentive Plan to the Group Chief Executive Officer 13 2015 QBE Group Annual General Meeting
Slide 14: Item 4: Grant of conditional rights to Group CFO
Item 4: To approve the grant of conditional rights under the 2015 Long-term Incentive Plan to the Group Chief Financial Officer 14 2015 QBE Group Annual General Meeting
Slide 15: Item 5: Adopt the new constitution
Item 5: To adopt the new constitution 15 2015 QBE Group Annual General Meeting
Slide 16: Item 6: Increase non-executive director fees
Item 6: To increase the maximum aggregate fees payable to non-executive directors 16 2015 QBE Group Annual General Meeting
Slide 17: Item 7a: Elect Mr S C Fitzgerald
Item 7a: To elect Mr S C Fitzgerald as a director of the Company 17 2015 QBE Group Annual General Meeting
Slide 18: Item 7b: Elect Sir Brian Pomeroy
Item 7b: To elect Sir Brian Pomeroy as a director of the Company 18 2015 QBE Group Annual General Meeting
Slide 19: Item 7c: Elect Mr P C Regan
Item 7c: To elect Mr P C Regan as a director of the Company 19 2015 QBE Group Annual General Meeting
Slide 20: Item 7d: Elect Ms J E Skinner
Item 7d: To elect Ms J E Skinner as a director of the Company 20 2015 QBE Group Annual General Meeting
Slide 21: Thank you
Thank you 21
Slide 22: Important disclaimer
Important disclaimer This presentation should be read in conjunction with all information which QBE has lodged with the Australian Securities Exchange (“ASX”). Copies of those lodgements are available from either the ASX website www.asx. com.au or QBE’s website www.qbe.com. Prior to making a decisio
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