Qbe Insurance Group Limited · ASX:QBE
Qbe Insurance — Debt Investor Presentation (August 2019)
10 slides from Qbe Insurance's debt investor presentation, Aug 15, 2019
Slide 1: ASX cover letter: 2019 Half Year Fixed Income Investor Update
QBE Insurance Group Limited ABN 28 008 485 014 Level 27, 8 Chifley Square, SYDNEY NSW 2000 Australia GPO Box 82, Sydney NSW 2001 telephone + 612 9375 4444 + facsimile + 612 9231 6104 www.qbe.com 15 August 2019 The Manager Market Announcements Office ASX Limited Level 4 Exchange Centre 20 Bridge Stre
Slide 2: All figures in US$ and as at 30 June 2019 unless otherwise stated
All figures in US$ and as at 30 June 2019 unless otherwise stated
Slide 3: QBE operates in 3 segments with operations in 28 countries globally
QBE Insurance Group Limited (“QBE”) operates in 3 segments with operations in 28 countries globally QBE is an international general insurance and reinsurance company, with meaningful operations in the major insurance hubs. QBE is listed on the Australian Securities Exchange and headquartered in Sydn
Slide 4: Maintaining a strong capital position
Maintaining a strong capital position • PCA multiple at 1.75x (1.6x-1.8x target range) Strong • Remains above S&P ‘AA’ minimum levels Capital • Shareholder returns of A$0.5Bn Ratings • S&P, Moody’s, Fitch and AM Best affirmed QBE’s credit ratings Ratings • Moody’s revised outlook from negative to st
Slide 5: QBE Insurance Group is rated by major rating agencies
QBE Insurance Group is rated by 4 major rating agencies Long Term Debt Issue Rating FSR(1) (2) ICR (3) Outlook Affirmation A+ A- Stable May 2019 A (excellent) bbb+ Stable July 2019 A+ A- Stable July 2019 A1 A3 Stable April 2019 1. Insurance Financial Strength ratings: reflects ability of an insurer
Slide 6: Legal Maturity Profile and Date to First Call
Date to First Call ($M) Legal Maturity Profile ($M) Weighted Average Maturity: 4.9 years 900 Weighted Average Maturity: 21.5 years (ex AT1) 900 600 600 300 6 696 696 300 300 521 521 415 415 400 399 400 399 300 197 142 197 142 0 0 6 2020 2021 2022 2023 2024 2025 2026 2023 2040 2041 2042 2043 2044 204
Slide 7: Capital Base / Tiers of Capital and Point of Non-Viability Loss Absorption
Capital Base / Tiers of Capital Point of Non-Viability Loss Absorption • All Additional Tier 1 and Tier 2 must include loss absorption provisions Common Additional Tier (via conversion or write-down) upon a non-viability trigger event Tier 2 Equity Tier 1 1 • Both sequential (loss absorption hierarc
Slide 8: Sustainability: Key Achievements and Forward Focus
QBE is focused on the governance and sustainability of our business, being a great employer and on making a positive contribution to the economies and communities in which we operate. Our Sustainability Framework helps us drive performance and manage risks across the areas of sustainability that are
Slide 9: Contact our Global Treasury team
Contact our Global Treasury team Danny Fischer Group Treasurer QBE Insurance Group Limited +61 2 9375 4911 danny.fischer@qbe.com
Slide 10: Important notice and forward-looking statements
The information in this presentation provides an overview of the results other factors, many of which are beyond the control of QBE that may for the half year ended 30 June 2019. cause actual results to differ materially from those either expressed or implied in such statements. There can be no assu
QBE Insurance Group — Debt Investor Presentation (August 2019) on 6ix