Swiss Re Ag · SIX:SREN
Swiss Re — Kepler Swiss equities seminar 2010
11 slides from Swiss Re's conference presentation, Mar 25, 2010
Slide 1: Kepler Swiss equities seminar
a Kepler Swiss equities seminar Stefan Lippe CEO
Slide 2: Introduction to Swiss Re
a Introduction to Swiss Re Kepler | Swiss equities seminar | Zurich, 25 March 2010 2 Swiss Re a Swiss Re is a leading and highly diversified global (re)insurance company. 146 years of experience in providing re/insurance and risk management solutions. We deliver both traditional and innovative o
Slide 3: Swiss Re is broadly diversified by geography and product line
Swiss Re is broadly diversified by geography and product line a Premiums earned 2009 (CHF 24.6 billion) by region (in CHF bn) … and by product line: Life & 11.8 10.0 P&C non- Health traditional 44% Specialty 2% 2.8 Life 14% 31% Property Americas Europe Asia 22% Health (incl. Middle East /Africa) 9%
Slide 4: 2009 Highlights
a 2009 Highlights Kepler | Swiss equities seminar | Zurich, 25 March 2010 5 2009 Highlights Significant progress a 2009 net income of CHF 506m (vs. CHF 864m loss in FY 2008) – EPS CHF 1.5 Shareholders’ equity increased by CHF 5.7bn to CHF 26.2bn – Book value per ordinary share of CHF 67.7 up 11.
Slide 5: Delivering on our promises
Delivering on our promises a Beginning of 2009: FY 2009 results: Concerns over ... Where we stand today Capital/Solvency New priorities Capital strength restored Client franchise Strong client franchise Focus on the core demonstrated Serve our clients Legacy issues Ensure capital People &
Slide 6: Active cycle management
a Active cycle management Kepler | Swiss equities seminar | Zurich, 25 March 2010 9 Cycle management & portfolio steering a Why bother? Pricing cycle 3000 Price variability by account 250 P&C UW Volume [abs] Year 2009 Series2 L&H UW Year 2009 2500 200 2000 Premium 150 1500 100 1000 500 50 1998 2000
Slide 7: Cycle management and portfolio steering at Swiss Re
Cycle management and portfolio a steering at Swiss Re The market is inefficient, creating the potential for outperformance Swiss Re’s approach is founded on – Clarity of objective: maximising absolute Economic Profit – Top-down portfolio measurement and optimization – Separation of costing from
Slide 8: Continued track record of innovation
Continued track record of innovation Some examples a Longevity transaction First public sector longevity transaction December 2009 Longevity risk cover to a local government pension fund in the UK on CHF 1.7 billion of pensioner liabilities Islamic insurance Retakaful operations opened in Mala
Slide 9: January 2010 renewals and Summary and outlook
January 2010 renewals We are market leader not a follower a January renewals volume down approx. 15% Despite an estimated 2% drop in prices, the price adequacy on Swiss Re’s portfolio improved 2% points from portfolio and cycle management actions Price adequacy improvement on Swiss Re’s portfo
Slide 10: Q&A, Corporate calendar & contacts
a Q&A Kepler | Swiss equities seminar | Zurich, 25 March 2010 17 Corporate calendar & contacts a Corporate calendar 07 April 2010 146th Annual General Meeting Zurich 06 May 2010 First quarter 2010 results Conference call 11 June 2010 Investors’ Day London 05 August 2010 Second quarter 2010 results C
Slide 11: Cautionary note on forward-looking statements
Cautionary note on forward-looking statements a Certain statements and illustrations contained herein are forward-looking. These statements and illustrations provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a histor