Scor Se · EURONEXT:SCR
Scor — Shareholder Meeting (June 2020)
22 slides from Scor's shareholder meeting presentation, Jun 16, 2020
Slide 1: 2020 Combined Assembly Meeting
SCOR Paris June 16, 2020 2020 Combined Assembly Meeting Denis Kessler Chairman and CEO of SCOR SE
Slide 2: Disclaimer
Disclaimer General: Numbers presented throughout this report may not add up precisely to the totals in the tables and text. Percentages and percent changes are calculated on complete figures (including decimals); therefore the presentation might contain immaterial differences in sums and percentages
Slide 3: Agenda: 2020 Combined Assembly Meeting
Agenda: 2020 Combined Assembly Meeting A SCOR successfully delivers on its mission B SCOR is fully mobilized to manage the shock of Covid-19 3
Slide 4: SCOR pursues one mission
SCOR pursues one mission “SCOR's aim, as an independent global reinsurance company, is to develop its Life and P&C business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk
Slide 5: The Group delivers strong growth by expanding its balanced portfolio of risks
“…SCOR develops its Life and P&C business lines…” The Group delivers strong growth by expanding its balanced portfolio of risks between Life and P&C Gross Written Premiums multiplied by 6.8x in 14 years (in EUR bn) CAGR1) +14.6% 16.3 14.8 15.3 Profitable 13.4 13.8 franchise Life expansion in 11.3 56
Slide 6: The Group expands its Tier 1 franchise through a truly global presence
“…SCOR develops its Life and P&C business lines…” The Group expands and deepens its Tier 1 franchise through a truly global presence 38 offices worldwide – 4,000 clients throughout the world (As of December 31, 2019) Americas 46% 2019 GWP EUR 16.3bn 38% 16% EMEA Asia Pacific SCOR offices X 6
Slide 7: The Group delivered strong results both in 2019 and in Q1 2020
“…SCOR pursues an underwriting policy founded on profitability…” The Group delivered strong results both in 2019 and in Q1 2020 Return on Equity, excess over the 5-year risk-free rates across the cycle1) (in bps) Japanese typhoons (Faxai, 1007 bps Hagibis), Hurricane Dorian Above 800 bps 835 bps pro
Slide 8: The Group delivered on its solvency target in FY 2019 and Q1 2020
“…SCOR offers its clients an optimum level of security…” The Group delivered on its solvency target both in FY 2019 and in Q1 2020 Solvency ratio (in %) 226%1) 220% solvency 210%2) target 185% Solvency target FY 2019 Q1 2020 1) The solvency ratio of 226% at December 31, 2019, included the payment of
Slide 9: Top-tier financial strength recognized by all four rating agencies
“…SCOR offers its clients an optimum level of security…” The Group benefits from a top-tier financial strength recognized by all four rating agencies AA- Stable outlook AA- Stable outlook A+ / aa-1) Stable outlook Aa3 Negative outlook2) 1) Financial Strength Rating of “A+” (different scale from othe
Slide 10: The Group pursues a prudent asset management strategy
“…SCOR has a prudent investment policy…” The Group pursues a prudent asset management strategy Very granular fixed income portfolio benefitting from its: − Very high quality (A+ average rating) Continued − Short duration positioning (3.2 years) prudent appetite Very strong liquidity of the portf
Slide 11: The Group increases its productivity over time
“…SCOR creates value for its shareholders…” as an efficient company The Group increases its productivity over time SCOR generates economies of scale through premium growth and optimizes its operational and legal structure Merger of Bar chart: GWP / employee in EUR the 3 SEs millions (rounded) Acquis
Slide 12: Quantum Leap accelerates the use of new technologies
“…SCOR creates value for its shareholders…” by deploying new technologies “Quantum Leap” aims to accelerate the use of new technologies to innovate, expand its products and services offering and increase its efficiency Blockchain More than Digitize data exchanges all along the (re)insurance value ch
Slide 13: A global talent pool fully mobilized
“…SCOR creates value for its shareholders…” through a global talent pool fully mobilized to bring the Group to the highest level of excellence 102 PhD and 466 actuaries A skills and 62 nationalities leadership Spread expert knowledge culture with across the Group (SCOR University) an active
Slide 14: Effective governance: diverse and highly experienced Board
“…SCOR creates value for its shareholders…” through effective governance The Group’s corporate governance benefits from a culture of the highest standards Diverse and highly Best in class corporate Strong internal control experienced Board governance standards and Group supervision 14
Slide 15: Leading ESG actions for sustainable and responsible development
“…SCOR creates value for its shareholders…” through leading ESG actions The Group plays a leading role in working towards a sustainable and responsible development ESG integration on both sides of the balance sheet Strong support for science, innovation and research Finance a more Help reduce th
Slide 16: SCOR returned close to EUR 3.2bn to shareholders
“…SCOR creates value for its shareholders…” Total shareholders’ return (TSR) with dividends reinvested from November 18, 2002 to December 31, 2019 (base 100 as of November 18, 2002) “Back on Track” “Moving forward” “Dynamic Lift” “Strong Momentum” “Optimal Dynamics” “Vision in Action” “Quantum Leap”
Slide 17: The Group accomplishes its mission year after year
“…SCOR contributes to the welfare and resilience of Society…” The Group accomplishes its mission year after year Satisfaction of the Group’s clients’ needs in a long-term mutually beneficial perspective Contribution to the protection of people and businesses adversely affected by man-made risks and
Slide 18: Agenda: 2020 Combined Assembly Meeting
Agenda: 2020 Combined Assembly Meeting A SCOR successfully delivers on its mission B SCOR is fully mobilized to manage the shock of Covid-19 18
Slide 19: SCOR has been proactive in taking actions against the pandemic
SCOR has been proactive in taking actions without delay to help stop the spread of the pandemic and to contribute more generally to the resilience of society, for the wider benefit of all its stakeholders Ensure seamless Actively protect Spread the transition into the health and knowledge on the ser
Slide 20: SCOR is fully mobilized to manage the impacts of Covid-19
SCOR is fully mobilized to anticipate, measure and manage the impacts of the Covid-19 pandemic, just as it has done for other disasters in the past SCOR Global Life SCOR Global P&C SCOR Global Investments Situation well below extreme 1-in-200-year scenario Close monitoring of exposure Resilient and
Slide 21: Board proposes that no dividend be paid for the 2019 fiscal year
In accordance with the respective calls issued by the EIPOA and the ACPR , the Board 1) 2) of Directors has decided to propose that no dividend be paid for the 2019 fiscal year February • In view of the Group’s performance in 2019, the Board of Directors of SCOR SE, at its meeting of February 26, 20
Slide 22: SCOR has strong potential for long-term value creation
SCOR has strong potential for long-term value creation The (re)insurance industry demonstrates year after year its essential role and the relevance of its business model Contribution to the resilience and Fundamental function Ability to absorb support to the development of of risk pooling exogenous