Swiss Re AG · SIX:SREN
Swiss Re — Investor Presentation (April 2023)
48 slides from Swiss Re's investor presentation, April 2023
Slide 1: Partnering for progress
Partnering for progress An introduction to the Swiss Re Group
Slide 2: Contents
Contents 03 About us 15 Group overview 21 Our business Property & Casualty Reinsurance, Life & Health Reinsurance, Global Clients & Solutions, Corporate Solutions 34 What sets us apart 41 Our key supporting units Swiss Re Institute, Swiss Re Foundation 2
Slide 3: About us
About us 3
Slide 4: We are one of the world's leading providers of reinsurance
About us We are one of the Today, 75% of risks – world’s leading from natural providers of reinsurance, catastrophes and insurance and other climate change, to ageing populations forms of insurance- and cybercrime – based risk transfer. remain uninsured. Through our work with We aim to change client
Slide 5: We make the world more resilient
Our vision We make the world more resilient 5
Slide 6: Our mission
Our mission Together, we apply fresh perspectives, knowledge and capital to anticipate and manage risk. That’s how we create smarter solutions for our clients, helping the world rebuild, renew, and move forward. 6
Slide 7: Our brand promise
Our brand promise We take on many of the world’s biggest risk challenges, empowering our clients with deep knowledge, intelligent data, and innovative risk solutions, brought together by our passionate global team. Working together with our clients and partners, our promise is to always strive for p
Slide 8: Our people
Our people We are an inclusive organisation of diverse talents. Collaborating across the globe, we apply our unique perspectives and know-how as one Swiss Re to make the world more resilient. 8
Slide 9: About us
About us Business units Stand-alone brand Headquartered in Zurich, Switzerland, where we were founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally. Our approximately 14,400 employees provide a wide range of technical expertise, enabling us to develop unique so
Slide 10: Our global presence
Our global presence Americas EMEA APAC 121 nationalities Brazil Canada Luxembourg Denmark Australia Approximately 14,400 Colombia Mexico France Netherlands Slovak Republic China employees, USA Germany Ireland South Africa India Japan Spain with a presence in 29 Israel Italy Switzerland Malaysia Sing
Slide 11: Our people, inclusion and diversity
Our people, inclusion and diversity At Swiss Re, diverse talents come together to 83% of employees agree that Swiss Re provides an apply fresh perspectives and knowledge to make inclusive work environment.* the world more resilient. We embrace and build a diverse workforce that brings together the b
Slide 12: Our history
1863 Our history 1906 Swiss Re is founded in Zurich, Switzerland Swiss Re pays its largest claims so Founded far for the San Francisco Earthquake 19th December 1863 1910 1950s Swiss Re opens its first foreign office in New York laying the foundations for its international Swiss Re extends its global
Slide 13: Our brand
The “Swiss Cross” Our brand Swiss Re’s first reinsurance treaties were affixed with a company stamp. In the 1864 early 20th century, the shape of the symbol We regularly update became circular The “Altbau” our brand promise In this period, Swiss Re used only its 1950s and visual identity company
Slide 14: Our leadership
Our leadership Group Executive Committee Christian Mumenthaler Urs Baertschi Andreas Berger John Dacey Cathy Desquesses Hermann Geiger Group Chief Executive Chief Executive Officer Chief Executive Officer Group Chief Financial Chief Human Resources Group Chief Legal Officer Officer Property & Casua
Slide 15: Group overview
Group overview 15
Slide 16: We operate as 'One Swiss Re'
We operate as ‘One Swiss Re’ P&C Re A leading global reinsurer serving the needs of property & casualty insurers L&H Re A leading global reinsurer serving the needs of life & health insurers Global Clients & Solutions Delivering re/insurance solutions to a broad group of insurers, governments and br
Slide 17: Our strategy offers more than traditional risk transfer
Our strategy offers more than traditional risk transfer sigma research SONAR New emerging risks insights Magnum SwiftRe® CatNet Ex Tool ® MPL for explosions FacEas Surety Client y PUMA Portal Engineering PULSE underwriting Online risk Rapid management Damage Risk Data Assessment & Services Public se
Slide 18: Group financial performance
Group Net income 0.47bn 2021: 1.4bn financial Premiums earned and fee income 43.1bn performance 2021: 42.7bn Shareholders’ equity 12.7bn Group Results 2021: 23.6bn 2022 (USD) Return on equity 2.6% 2021: 5.7% Return on investments 2.0% 2021: 3.2% P&C Re combined ratio 102.4% 2021: 97.1% L&H Re net op
Slide 19: Group financial performance: revenue split and ratings
Group financial Revenue split 2022 performance P&C Re 51% L&H Re 35% Corporate Solutions 13% Group Ratings (02/2023) Items 1% AA Aa3 A+ EMEA 31% – USD 13.2 bn Americas 51% USD 22.1 bn Standard & Moody’s A.M. Best Poor’s Asia 18% USD 7.8 bn 19
Slide 20: Investment portfolio
Investment Investment portfolio split portfolio Cash and Short term cash investments FY 2022 equivalents 8% 4% Government Credit bonds USD bn bonds 36% 35% 105.7 Assets under management 2.0% Return on investment Equities 6% Other Mortgages and other loans 4% investments (incl. policy loans) 7% 20
Slide 21: Our business
Our business 21
Slide 22: Reinsurance
Reinsurance Property & Casualty (P&C) and Life & Health (L&H) We're a leading, diversified global reinsurer, providing expertise and services to clients throughout the world, since 1863. What sets us apart is our financial strength, unrivalled knowledge and expertise, quality underwriting and, most
Slide 23: Property & Casualty Reinsurance
Geographically diversified premium split % of net earned premium by geography Property & Casualty 2022 Reinsurance Americas 55% P&C Re’s professionals provide clients with a broad range of premium products, unmatched offers and tailored solutions. EMEA 30% Our teams apply global expertise and local
Slide 24: Life & Health Reinsurance
Geographically diversified premium split % of net earned premium by geography Life & Health 2022 Reinsurance In a changing and complex world, we help clients extract actionable insights from ever-growing pools of data. Our tailored risk and capital Americas 45% EMEA management solutions allow you to
Slide 25: Global Clients & Solutions
Global Clients & We leverage Swiss Re's knowledge, expertise, technology and world-class Solutions platforms to enable our clients and partners to withstand shocks, navigate change and build resilience. Our four divisions serve a broad range of clients and partners: Global Clients Serves the needs o
Slide 26: iptiQ is a global B2B2C digital insurance business
iptiQ is a global B2B2C digital insurance business offering flexible solutions through the use of technology Retail insurance markets are growing, with a visible shift towards embedded insurance as well as tech driven sophistication iptiQ’s business model is focused on enabling partnerships with dig
Slide 27: iptiQ is dynamically growing and diversifying
iptiQ is dynamically growing and diversifying across both individual life and health as well as property and casualty We are expanding our market reach and growing together with our 51 distribution partners1 United States Europe Asia B2B m / te e s s In ys at s os or ur B2C Ec rp er Co s • Life prot
Slide 28: Global Perspectives. Regional Expertise.
Global Perspectives. Regional Expertise. Local Underpinned Solutions. by 160 years of risk knowledge and thought leadership, Swiss Re Reinsurance Solutions offers a powerful suite of tools and services spanning the entire insurance value chain. From our bespoke consulting to leading software solutio
Slide 29: Expert Partners
Expert Long-standing industry knowledge Partner and risk insights based on innovative data and modelling tools. s Combination of insurance and tech applications to provide public sector clients with a digital disaster risk management opportunity. Public Sector Solutions - working with our partners t
Slide 30: Meet Swiss Re's Public Sector Solutions Team
Meet Swiss Re’s Public Sector Solutions Team London Seattle Bratislava Beijing +850 bound Zurich New York City Tokyo transactions since Washington 2011 demonstrate the Mexico City D.C. Mumbai need for the covers we offer Bogota Singapore With our global footprint we provide São Paulo tailored suppor
Slide 31: Corporate Solutions
Corporate Solutions Swiss Re Corporate Solutions provides risk transfer solutions to large and mid-sized corporations Advancing corporate around the world. insurance together At Swiss Re Corporate Solutions, we are relentlessly addressing industry inefficiencies and customer and broker pain points
Slide 32: Corporate Solutions portfolio
Corporate Solutions portfolio Geographically diversified premium split Portfolio composition % of net earned premium by geography % of net earned premium by segment 2022 2022 North Property 33% America Professional 45% liability Latin America Accident20% & Health 5% 7% Other liability 4% EMEA 25% Cr
Slide 33: Our Corporate Solutions value proposition
Our Corporate Provide fresh and innovative Solutions value perspectives We push the status quo and seek better, more sustainable ways to manage risk through our thought Integrate analytics and tech-driven solutions proposition leadership, research and new perspectives We are creating state-of the-a
Slide 34: What sets us apart
What sets us apart 34
Slide 35: Our differentiators
Our Risk Knowledge allows us to develop better differentiator products with and for our clients. s Capital Strength provides us with great financial flexibility and enables us to seize opportunities quickly. Client Franchise built through unique relationships and long-term partnerships. Tech & Data
Slide 36: We leverage Tech and Data to drive the value of our solutions
We leverage Tech and Data to drive the value of our solutions $ $ Product Underwriting Sales and Post Sales Claims Contracts Developmen & Pricing Distribution Services t Analytics Streamlining Data-driven Post sales Statistical Natural solutions to underwriting lapse, services methods & Language acc
Slide 37: Risk knowledge focus areas
Mitigating climate risk Risk knowledge We mitigate the risk of natural catastrophes with innovative solutions to reduce the risks where possible and to withstand more frequent and severe focus areas climate impacts. Advancing the societal benefits of digitisation Increasing computing power and vas
Slide 38: Our Sustainability Approach
Our Sustainability Approach Swiss Re embeds sustainability across its business activities, considering ESG factors in underwriting, investments and operations. We ensure that sustainability is appropriately reflected in roles and responsibilities, and adjust our underwriting and investment portfolio
Slide 39: Key sustainability milestones
Key sustainability milestones Founding member Signed the Committed to of Net-Zero individually Insurance Alliance; Adopted ESG transition benchmarks investment Committed to for actively portfolio to net-zero individually Launched the Signed the PSI Signed the managed GHG emissions by transition the
Slide 40: Our progress towards sustainability
Our progress towards sustainability Initiative Examples Targets Target Year Progress in 2022 Sustainability Risk Management Phase out most carbon-intensive oil and gas July 2021: top 5% Did not write direct and facultative re/insurance companies for direct and facultative re/insurance 1 July 2023: t
Slide 41: Our key supporting units
Our key supporting units 41
Slide 42: Swiss Re Institute
Swiss Re Delivering powerful insights on current and future issues affecting the re/insurance industry and the Institute world at large. Swiss Re Institute harnesses Swiss Re's risk knowledge to produce data driven research across the company and with partner organisations. We foster knowledge shari
Slide 43: Research & Development
R&D value-driver framework Research & Business steering Capital allocation Development Risk selection and pricing Commercialisation Efficiency Project examples Insurance markets and cycle analysis Macroeconomic R&D Targeted portfolio analysis for liabilities and assets 844 16 127 K
Slide 44: Swiss Re Foundation
Together with our partners and Swiss Re employees, we support Swiss Re efforts to strengthen societal resilience in targeted low-income Foundation communities and in communities near Swiss Re locations. To help build resilient societies, the Foundation offers its partners tailored grant financing, a
Slide 45: We are Swiss Re
We are Swiss Re 45
Slide 46: Thank you!
Thank you! Contact us Follow us 46
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Slide 48: Legal notice
Legal notice ©2023 Swiss Re. All rights reserved. You may use this presentation for private or internal purposes but note that any copyright or other proprietary notices must not be removed. You are not permitted to create any modifications or derivative works of this presentation, or to use it for