Swiss Re AG · SIX:SREN
Swiss Re — Investor Presentation (May 2023)
48 slides from Swiss Re's investor presentation, May 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: About us
About us We are one of the world’s leading providers of Today, 75% of risks – from reinsurance, insurance and natural catastrophes and other forms of insurance- climate change, to ageing based risk transfer. Through populations and cybercrime our work with clients we fulfil – remain uninsured. our v
Slide 5: Our vision
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 Headquartered in Zurich, Switzerland, where we Business units Stand-alone brand 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 Denmark France Luxembourg Netherlands Australia China Approximately 14,400 employees, Colombia Mexico Germany Ireland Slovak Republic South Africa India Japan with a presence in 29 countries USA Israel Spain Malaysia Italy Switze
Slide 11: Our people, inclusion and diversity
Our people, inclusion and diversity At Swiss Re, diverse talents come together to apply fresh 83% of employees agree that Swiss Re provides an inclusive work perspectives and knowledge to make the world more environment.* 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 far for the Founded San Francisco Earthquake 19th December 1863 1910 1950s Swiss Re opens its first foreign office in New York laying the foundations for its international expansion Swiss Re extends
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 our brand promise and The “Altbau” visual identity in support In this period, Swiss Re used only its 1950s
Slide 14: Our leadership
Our leadership Group Executive Committee Christian Mumenthaler Urs Baertschi Andreas Berger John Dacey Cathy Desquesses Hermann Geiger Group Chief Executive Officer Chief Executive Officer Chief Executive Officer Group Chief Financial Officer Chief Human Resources Officer Group Chief Legal Officer P
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 FacEasy Surety Client Portal PUMA Engineering underwriting PULSE Online risk management Rapid Damage Assessment Risk Data & Services Public sect
Slide 18: Group financial performance
Group financial Net income 0.47bn 2021: 1.4bn performance Premiums earned and fee income 43.1bn Group Results 2021: 42.7bn Shareholders’ equity 12.7bn 2022 (USD) 2021: 23.6bn 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
Revenue split 2022 Group financial performance P&C Re 51% L&H Re 35% Corporate Solutions 13% Group Items Ratings (02/2023) 1% EMEA 31% AA– Aa3 A+ USD 13.2 bn Americas 51% USD 22.1 bn Standard & Poor’s Moody’s A.M. Best Asia 18% USD 7.8 bn 19
Slide 20: Investment portfolio
Investment portfolio split Investment portfolio Cash and cash Short term equivalents investments FY 2022 4% 8% Government bonds Credit bonds USD bn 36% 35% 105.7 Assets under management 2.0% Return on investment Equities 6% Other investments Mortgages and other loans 4% (incl. policy loans) 7% 20
Slide 21: Our business
Our business 21
Slide 22: Reinsurance
Property & Casualty (P&C) and Reinsurance 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 2022 Property & Casualty 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 2022 Life & Health Reinsurance Americas In a changing and complex world, we help clients extract actionable insights from 45% ever-growing pools of data. Our tailored risk and capital management solutions allow EMEA you to
Slide 25: Global Clients & Solutions
Global Clients & Solutions We leverage Swiss Re's knowledge, expertise, technology and world-class 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 B2C • > Life protection • > Life protection •> Life protection
Slide 28: Global Perspectives. Regional Expertise. Local Solutions.
Global Perspectives. Regional Expertise. Local Solutions. Underpinned 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: Public Sector Solutions
Long-standing industry knowledge and risk insights based on innovative data and modelling tools. 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 to help government
Slide 30: Meet Swiss Re's Public Sector Solutions Team
Meet Swiss Re’s Public Sector Solutions Team London Seattle Bratislava Beijing Zurich New York City Tokyo +850 bound transactions Washington D.C. since 2011 demonstrate the Mexico City Mumbai need for the covers we offer Bogota Singapore With our global footprint we São Paulo provide tailored suppor
Slide 31: Corporate Solutions
Swiss Re Corporate Solutions provides risk Corporate Solutions transfer solutions to large and mid-sized corporations around the world. Advancing corporate At Swiss Re Corporate Solutions, we are insurance together relentlessly addressing industry inefficiencies and customer and broker pain points t
Slide 32: Corporate Solutions portfolio
Corporate Solutions portfolio Geographically diversified premium split Portfolio composition % of net earned premium by geography 2022 % of net earned premium by segment 2022 North America Property 33% 45% Professional liability 20% Latin America Accident & Health 7% 5% Other liability 4% EMEA 25% C
Slide 33: Our Corporate Solutions value proposition makes six promises to our customers
Provide fresh and Our Corporate innovative perspectives Solutions value We push the status quo and seek better, more sustainable ways to manage risk through our thought leadership, research Integrate analytics and tech- driven solutions proposition makes and new perspectives We are creating state-of
Slide 34: What sets us apart
What sets us apart 34
Slide 35: Our differentiators
Our Risk Knowledge allows us to develop better differentiators products with and for our clients. 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 t
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 Development & Pricing Distribution Services Analytics solutions Streamlining Data-driven lapse, Post sales services Statistical Natural Language to access and underwriting wit
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 climate impacts. focus areas Advancing the societal benefits of digitisation Increasing computing power and vast
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 Signed the Committed to Founding member of individually transition Net-Zero Insurance Adopted ESG investment Alliance; benchmarks portfolio to net-zero for actively managed GHG emissions by Committed to Launched the Signed the PSI Signed the listed equity and 2050 indiv
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 companies for July 2021: top 5% Did not write direct and facultative re/insurance business1 with the direct and facultative re/insur
Slide 41: Our key supporting units
Our key supporting units 41
Slide 42: Swiss Re Institute
Delivering powerful insights on current and Swiss Re future issues affecting the re/insurance industry and the world at large. Institute 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 Business steering Research & 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 Key perils r
Slide 44: Swiss Re Foundation
Together with our partners and Swiss Re employees, we support efforts to strengthen Swiss Re societal resilience in targeted low-income communities and in communities near Swiss Re locations. Foundation 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
Slide 47: ‘iti J Swiss Re
‘iti J Swiss Re 47
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