Zurich Insurance Group Ltd · SIX:ZURN

Zurich Insurance — Zurich Financial Services — 9M 2005 Earnings Presentation

16 slides from Zurich Insurance's earnings presentation, Nov 17, 2005

  1. Slide 1: Results Reporting for the Nine Months to September 30, 2005

    Results Reporting for the Nine Months to September 30, 2005 Analyst presentation Zurich, November 17, 2005

  2. 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

  3. Slide 3: Results Reporting for the Nine Months to September 30, 2005 - CEO

    Results Reporting for the Nine Months to September 30, 2005 James J. Schiro Chief Executive Officer November 17, 2005

  4. Slide 4: Financial highlights

    Financial highlights in USD millions 2005 20041 Change for the nine months ended September 30 Gross written premiums and policy fees 36,571 37,521 -3% Business operating profit 2,863 2,490 15% Net income attributable to shareholders 2,256 1,857 21% General Insurance combined ratio 100.9% 99.3% -1.6p

  5. Slide 5: Results for the Nine Months

    Results for the Nine Months Patrick O’Sullivan Group Finance Director November 17, 2005

  6. Slide 6: Business operating profit by segment

    Business operating profit by segment in USD millions 2005 2004 Change for the nine months ended September 30 General Insurance 1,354 1,387 -2% Life Insurance 830 733 13% Farmers Management Services 926 841 10% Other Businesses 308 64 381% Corporate Functions -555 -535 -4% Total 2,863 2,490 15% © Zur

  7. Slide 7: General Insurance key performance indicators

    General Insurance key performance indicators Business Operating Profit Combined ratio (%) in USD millions 2005 2004 Change 100.9 for the nine months ended Sept. 30 Total1 99.3 Global Corporate 35 426 -92% Global 106.8 North America Commercial 220 -92 nm Corporate 94.0 Europe General Insurance 1,060

  8. Slide 8: Development of reserves for Losses and Loss Adjustment Expenses (LAE)

    Development of reserves for Losses and Loss Adjustment Expenses (LAE) in USD millions 2005 2004 Net reserves for losses and LAE, as of January 1 43,487 36,971 Net losses and LAE paid -13,023 -12,716 Net losses and LAE incurred - Current year 16,982 16,030 - Prior year 161 962 Other movements (FX, di

  9. Slide 9: Life Insurance business operating profit

    Life Insurance business operating profit Business operating profit by business unit in USD millions 2005 2004 Change for the nine months ended Sept. 30 United States 156 152 3% United Kingdom1 202 281 -28% Germany 104 73 42% Switzerland 180 121 49% Italy 51 22 132% Spain 30 20 50% Ireland 23 15 53%

  10. Slide 10: Life Insurance new business indicators

    Life Insurance new business indicators Annual Premiums Equivalent and New Business Profit New business profit margin1 43.8 in USD millions APE APE NBP NBP US 61.9 for the nine months ended Sept. 30 2005 2004 2005 2004 6.5 UK2 7.0 United States 81 86 35 53 16.4 Germany 9.7 United Kingdom2 728 678 48

  11. Slide 11: Business operating profit by segment

    Business operating profit by segment in USD millions 2005 2004 Change for the nine months ended September 30 General Insurance 1,354 1,387 -2% Life Insurance 830 733 13% Farmers Management Services 926 841 10% Other Businesses 308 64 381% of which Center 112 -42 nm of which Farmers Re 129 176 -27% C

  12. Slide 12: Appendix

    Results Reporting for the Nine Months to September 30, 2005 Appendix

  13. Slide 13: Catastrophe impact on the combined ratio by General Insurance market segment

    Catastrophe impact on the combined ratio by General Insurance market segment for the nine months ended Sept. 30, 2005 As reported CAT impact Global Corporate 106.8% 11.3% North America Commercial 105.6% 8.0% Europe General Insurance 94.4% 0.8% International Businesses 94.9% 0.0% Total 100.9%1 4.9% T

  14. Slide 14: Farmers Exchanges financial highlights

    Farmers Exchanges1 financial highlights 4,800 40% for the nine months ended 2005 2004 September 30 4,600 38% Gross written premiums 11,028 10,764 4,400 Net underwriting result 92 82 4,200 36% Net surplus change (YTD) 315 308 4,000 Net surplus change excl. hurricanes 582 380 3,800 34% Ending Surplus

  15. Slide 15: Farmers Exchanges – combined ratio by line of business

    Farmers Exchanges – combined ratio by line of business for the nine months ended September 30 2005 2004 Change Auto 98.2% 100.0% 1.8 pts Homeowners 86.4% 82.0% -4.4 pts Commercial P&C1 99.1% 99.4% 0.3 pts Workers’ Compensation 95.8% 100.5% 4.7 pts Specialty 106.0% 102.9% -3.1 pts Total 97.9% 97.5% -

  16. Slide 16: Farmers Exchanges – development of the combined ratio

    Farmers Exchanges – development of the combined ratio Quarterly combined ratio 125% 120% 115% 110% Californian wildfires 105% Florida hurricanes Rita 100% Katrina 95% 90% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2001 2002 2003 2004 2005 © Zurich Financial Services - Results Reporting

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