Qbe Insurance Group Limited · ASX:QBE
Qbe Insurance — Shareholder Meeting (May 2017)
13 slides from Qbe Insurance's shareholder meeting presentation, May 3, 2017
Slide 1: QBE Insurance Group 2017 Annual General Meeting
QBE Insurance Group 2017 Annual General Meeting Wednesday 3 May 2017 All figures in US$ unless otherwise stated
Slide 2: Chairman's address
Chairman’s address Marty Becker
Slide 3: 2016 Financial Results Summary
2016 FINANCIAL RESULTS SUMMARY For the year ended 31 December 2015(1) 2016 GWP $M 14,782 14,395 NEP $M 12,213 11,066 COR % 94.0 94.0 COR (ex discount rate) % 94.3 93.2 Insurance profit $M 1,099 1,075 Insurance profit to NEP % 9.0 9.7 Net profit after income tax $M 807 844 Cash profit after tax $M 89
Slide 4: 2016 Divisional Results
2016 DIVISIONAL RESULTS North Australia & Emerging 2016 America Europe New Zealand Markets Equator Re Group GWP ($M) 4,647 4,076 3,933 1,632 1,532 14,395 GEP ($M) 4,657 3,878 3,924 1,588 1,429 14,276 NEP ($M) 2,731 2,949 3,410 1,328 651 11,066 Net claims ratio (%) 56.0 56.2 63.7 54.3 69.6 58.2 Net c
Slide 5: CEO's address
CEO’s address John Neal
Slide 6: Agenda
AGENDA 1. Stakeholder feedback 2. Medium-term targets 3. 2017 outlook 6
Slide 7: Stakeholder Feedback
STAKEHOLDER FEEDBACK PERFORMANCE OPERATIONAL WELL DIVISIONAL IMPROVEMENT EFFICIENCY CAPITALISED RESULTS $ Delivered on our 2016 Operational efficiency Strong capital position Pleasing recovery in our targets initiatives have delivered and high quality Australian & New Zealand cost reductions and bal
Slide 8: Medium-term targets and strategic themes
Medium-term targets and strategic themes 8 •
Slide 9: Clear Financial Targets
CLEAR FINANCIAL TARGETS COMBINED RETURN PREMIUM OPERATING ON GROWTH RATIO EQUITY $ Achieve Gross + Deliver Combined = Generate a Return Written Premium Operating Ratio of on Equity revenues at a ~93% of >10% compound annual growth rate of 3% 9
Slide 10: A Focused Strategic Agenda
A FOCUSED STRATEGIC AGENDA UNDERWRITING CUSTOMER AND WORLD CLASS EXCELLENCE PARTNER-LED GROWTH TALENT Driving underwriting Deepening major customer and Attracting and retaining excellence across regions broker relationships top talent OPERATIONAL CLAIMS DATA AND EFFICIENCY EXCELLENCE ANALYTICS Captu
Slide 11: 2017 targets
2017 targets ® QBE
Slide 12: 2017 Financial Targets
2017 FINANCIAL TARGETS GROSS WRITTEN Relatively stable(1)(2) PREMIUM COMBINED OPERATING 93.5% - 95.0%(3)(4)(5) RATIO INVESTMENT RETURN 2.5% - 3.0% (1) Premium target is based on assumed average foreign exchange rates relative to the US dollar as follows: AUD 0.73; GBP 1.25; and EUR 1.10. (2) Net ear
Slide 13: 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 dec