Helvetia Baloise Holding Ag · SIX:HBAN
Helvetia Baloise — Helvetia Group — Berenberg European Conference 2016
26 slides from Helvetia Baloise's conference presentation, Dec 6, 2016
Slide 1: Berenberg European Conference
Your Swiss Insurer. Helvetia Group Berenberg European Conference Paul Norton, CFO Pennyhill Park, 6 December 2016
Slide 2: Disclaimer
Disclaimer Disclaimer: NEITHER THIS DOCUMENT NOR ANY PART OR COPY OF IT NOR THE INFORMATION CONTAINED IN IT AND ANY RELATED MATERIALS MAY BE TAKEN OR TRANSMITTED INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR DISTRIBUTED OR REDISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALI
Slide 3: Who we are – Helvetia at a glance
Who we are – Helvetia at a glance Our profile Leading Swiss all-lines insurer (Top 3) with a second main pillar in Europe and in selected niche markets worldwide Active in non-life (property & casualty) and life insurance as well as in Specialty Markets (specialty insurance and reinsurance busin
Slide 4: We have a long tradition
We have a long tradition Over 150 years of insurance expertise Active M&A Strategy 1858 start as transport insurer 1870-1970 initially, expansion strategy with small portfolios worldwide Switzerland 2010 2012 2014 From 1990 focusing on 6 European core markets Italy 2008 2008/12 2013 1996
Slide 5: Helvetia is well positioned
Helvetia is well positioned Switzerland Top 3 position in stable and profitable home market Solid foundation for Group's Specialty Markets further development Strong positioning in selected niche Europe markets (top 1 CH, top 2 FR) Profitable and expandable Good international diversificati
Slide 6: We have ambitious target positionings
We have ambitious target positionings Target positioning of helvetia 20.20 Switzerland: (illustration) Increase in Switzerland’s profit contribution through organic growth, innovation and synergies from past Switzerland acquisitions Objective: Best Swiss insurer Europe: Further expansion in Eu
Slide 7: helvetia 20.20 focuses on the most important trends
helvetia 20.20 focuses on the most important trends Insurance market in a Digitisation as a strong state of flux: driver: Dynamic non-life business, Online and mobile business, repositioning in life business, smart data, Internet of ongoing market consolidation Things and automation and new competit
Slide 8: We build on the opportunities offered by digitisation
We build on the opportunities offered by digitisation Modern customer and partner interaction Easy and convenient access to all services on different Online business models channels More open partner structures with inclusion of partners in systems of service design and provision Increasing personal
Slide 9: We further develop our sales network
We further develop our sales network Multi-channeling approach Omni-channeling Strong tied agents network Successful online distribution channel smile.direct Partners High-quality broker relations Exclusive and renowned cooperation partners Strong cross-selling potential (life / non-life)
Slide 10: helvetia 20.20 makes us fit for the future
helvetia 20.20 makes us fit for the future Fit for the future Financial targets Modern and digital Volume: CHF 10 billion Customer-centric by combining Profitability: NL: Net CR < 93% traditional strengths and new L: NBM > 1% opportunities Costs: Synergies from acquisitions Agile und eff
Slide 11: «integrate» is a component of implementation
«integrate» is a component of implementation Integration of Nationale Progressive digital Customer benefits: Convenience through Suisse and Basler Austria transformation multi-access, digital services and almost completed personalisation Targeted innovation of business models with new partners
Slide 12: New Executive Management as of 1 January 2017
New Executive Management as of 1 January 2017 General CEO Internal Audit1) Secretary1) Philipp Gmür Simon Schneider Christophe Niquille Support Human 1) Reports to the Chairman of functions Resources the Board of Directors Roland Bentele Members of the Executive Corporate Centre Management Kaspar Ha
Slide 13: New structure boosts strategy implementation
New structure boosts strategy implementation Helvetia becomes more agile Clear, integrated organisational structure with well-focused tasks Elimination of unnecessary duplications Group management closer aligned with market developments Helvetia becomes more digital and innovative Strengthen
Slide 14: Where we are today (1/2)
Where we are today (1/2) After tax profit1) Business Volume Our focus (in CHF million) (in CHF million) Profitable growth 422 439 7,477 7,767 8,235 364 5,544 238 2013 2014 2015 HY 2016 2013 2014 2015 HY 2016 Net combined ratio (NL) Value of new business (L) Our focus (in %) (in CHF million) Stro
Slide 15: Where we are today (2/2)
Where we are today (2/2) Shareholders’ equity1) Solvency Our focus (in CHF million) (in %, as of 31/12/2015) Financial strength SST 150-200% 0% 100% 200% 4,963 4,655 4,843 3,831 2013 2014 2015 HY 2016 Dividend Dividend yield / Pay-out ratio Our focus (per share in CHF) (in %) Sustainable dividen
Slide 16: Non-Life: Retaining the good portfolio quality
Non-Life: Retaining the good portfolio quality ■ Disciplined underwriting strategy 93.7% 93.6% 93.5% 92.1% 91.9% 8.4 9.2 8.7 ■ Selective underwriting of large risks 9.0 8.9 20.5 21.0 21.9 20.4 19.3 ■ Portfolio optimisation if necessary Combined Ratio < 95% on average 64.8 63.4 62.9 62.7 63.6 20121)
Slide 17: Life: Stabilisation of interest margin
Life: Stabilisation of interest margin Switzerland (CHF) ■ Sustainable balance sheet structure due to 2.51% 2.32%1) 2.37%2) efficient asset-liability matching with low 0.73% duration gap 0.88% 0.95% ■ Limited long-term liabilities within our Swiss 1.78% 1.44% 1.42% group pension business ■ Individua
Slide 18: Well-diversified investment portfolio
Well-diversified investment portfolio Portfolio by asset class HY 2016 Performance by asset class HY 2016 FY 2015 HY 2016 Other1) 3% 3% Alternative 1% 2% investments / Loans 3% 2% Equities2) 5% 4% investment 6% funds / 6% derivatives Market risk PH 4.7% 9% 9% Mortgages 13% 3.3% Investment 13% proper
Slide 19: Shareholder structure with long-term focus
Shareholder structure with long-term focus 4.0% Raiffeisen Switzerland 4.0% 30.1% Pool members 34.1% Patria Mutual Free float 61.9% 38.1% Free float1) by investor type Free float1) by geography Other Investors Private individuals institutional based abroad Swiss 29.5% investors investors 36.0% 64.0%
Slide 20: Calendar and contact
Calendar and contact Important dates 13/03/2017 Publication of financial results 2016 28/04/2017 Ordinary Shareholders’ Meeting 04/09/2017 Publication of half-year results 2017 Contact details Investor Relations Susanne Tengler Head of Investor Relations Helvetia Group Dufourstrasse 40 9001 St
Slide 21: Appendix
Your Swiss Insurer. Appendix
Slide 22: Our market positions
Our market positions CHF 830.2 mn 30% Life 70% Non-Life Nr. 28 CHF 217.1 mn CHF 4,953.4 mn Niche 71% Life position 29% Non-Life Nr. 2 Nr. 3 Nr. 10 CHF 435.0 mn Nr. 22 33% Life 67% Non-Life Nr. 29 CHF 416.1 mn 30% Life 70% Non-Life CHF 925.2 mn 46% Life 54% Non-Life Market positions of country market
Slide 23: Our product portfolio (1/2)
Our product portfolio (1/2) Non-Life as of 31/12/2015 Premiums by business line Property (incl. engineering) CH DE IT ES AT FR LI 8% 7% Motor vehicle Property • • • • • • 8% 35% Transport (incl. art) Motor vehicle • • • • • • 9% Liability Liability • • • • • • 33% Accident / Health Acciden
Slide 24: Our product portfolio (2/2)
Our product portfolio (2/2) Life as of 31/12/2015 Group life Occupational pension plans (BVG) (Switzerland only) Individual life Management pension scheme solutions via Helvetia Collective CH DE IT ES AT Foundation Traditional All risks and benefits in occupational pension plans are assured and guar
Slide 25: How does non-life insurance work?
How does non-life insurance work? 25
Slide 26: How does life insurance work?
How does life insurance work? 26