Swiss Re AG · SIX:SREN
Swiss Re — Investor Presentation (July 2024)
45 slides from Swiss Re's investor presentation, July 2024
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 31 What sets us apart 38 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 14,700 regular staff provide a wide range of technical expertise, enabling us to develop uniqu
Slide 10: Our global presence
Our global presence Americas EMEA APAC 119 nationalities Brazil Canada Denmark France Luxembourg Netherlands Australia China Approximately 14,700 regular Colombia Mexico Germany Ireland Slovak Republic South Africa India Japan staff, with a presence in 27 USA Israel Spain Malaysia Italy Switzerland
Slide 11: Our people, inclusion and diversity
Our people, inclusion and diversity At Swiss Re, diverse talents come together to apply fresh 82% 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 Andreas Berger Urs Baertschi John Dacey Cathy Desquesses Hermann Geiger Ivan Gonzalez Group Chief Executive Officer Chief Executive Officer Group Chief Financial Officer Chief Human Resources Officer Group Chief Legal Officer Chief Executive Officer Property
Slide 15: Group overview
—_— Group Overview
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 Partnerships Solutions sigma research SwiftRe® SONAR CatNet® New emerging risks insights FacEasy Risk Data & Services Surety Client Portal PUMA Engineering underwriting Rapid Damage PULSE Assessment Online risk management Magnum UW EASE DHU ACE
Slide 18: Group financial performance: Group Results
Group financial Net income 3.2bn 2022: .47bn performance Premiums earned and fee income 45.0bn Group Results 2022: 43.1bn Shareholders’ equity 16.1bn 2023 (USD) 2022: 12.7bn Return on equity 22.3% 2022: 2.6% Return on investments 3.4% 2022: 2.0% P&C Re combined ratio 94.8% 2022: 102.4% L&H Re net op
Slide 19: Group financial performance: revenue split and ratings
Group financial Revenue split 2023 performance P&C Re 51% L&H Re Swiss Solvency Test 35% ~306% Estimated Group SST ratio as Corporate Solutions 12% Group Items Ratings (03/2024) of January 2024 2% AA– Aa3 A+ EMEA 32% Americas 50% Standard & Poor’s Moody’s A.M. Best Asia 18% 19
Slide 20: Investment portfolio
Investment Investment portfolio split portfolio Cash and cash Short term equivalents investments FY 2023 4% 9% USD bn Government bonds Credit bonds 30% 39% 111.3 Assets under management 3.4% Return on investment Equities 5% Other investments Mortgages and other loans 5% (incl. policy loans) 8% 20
Slide 21: Our business
—_— Our business
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: Life & Health Reinsurance
Geographically diversified premium split Life & Health Reinsurance % of net earned premium by geography 2023 Americas In an ever-changing world, we help clients move forward in life with clarity, conviction and purpose, no 45% matter how complex the market, so they can progress with confidence and m
Slide 24: 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. We offer a wide range of innovative solutions, risk insights and partnerships to insurers, govern
Slide 25: iptiQ is Swiss Re's global B2B2C digital primary insurance business
25 iptiQ is Swiss Re’s global B2B2C digital primary insurance business. Our Mission: We work with partners around the world, using our risk expertise and cutting-edge technology platforms, to design consumer centric insurances that deliver value to policyholders and help close protection gaps global
Slide 26: 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 27: Expert Partners
Expert Partners 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
Slide 28: 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 +1000 deals signed since Washington D.C. 2011 demonstrate the need Mexico City Mumbai for the covers we offer Bogota Singapore With our global footprint we São Paulo provide tailored support for
Slide 29: Corporate Solutions
Geographically diversified premium split Corporate Solutions % of net earned premium by geography 2023 North America 48% Swiss Re Corporate Solutions provides risk transfer solutions to large and mid-sized Latin America corporations around the world. 7% EMEA We are relentlessly addressing industry i
Slide 30: Corporate Solutions - We make promises to our customers
Corporate Solutions - We make 6 promises to our customers Advancing corporate insurance together Promises Promises 1 2 3 4 5 Provide fresh & Integrate Understand Make it easy Apply innovative analytics & & deliver on to do knowledge perspectives tech driven customers’ business & expertise solutions
Slide 31: What sets us apart
—_— What sets US apart
Slide 32: 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 33: 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 34: Risk knowledge focus areas
Mitigating climate risk Risk knowledge We mitigate the risk of natural catastrophes with innovative solutions to reduce risks where possible and to withstand more frequent and severe climate impacts to build greater climate focus areas resilience. Advancing digital transformation in insurance We’re
Slide 35: Swiss Re's Approach to Sustainability
Swiss Re’s Approach to Sustainability Swiss Re embeds sustainability across its business activities, considering ESG factors in underwriting, investments and opera tions while ensuring that sustainability is appropriately reflected in governance. Group Sustainability Strategy 2023 – 2025: Two ambiti
Slide 36: Key sustainability milestones
Key sustainability milestones Chaired the Introduced risk Partnership for Announced near Joined. as an inaugural appetite restrictions Carbon Accounting and medium- Signed the member, the working for the most Joined, as an Financials (PCAF) term climate Principles for group that developed the carbon
Slide 37: Our progress towards sustainability
Our progress towards sustainability Examples Targets Target Year Progress in 2023 Sustainability Risk Management Phase out most carbon-intensive oil and gas companies for July 2021: top 5% Achieved in July 2023 when the threshold was direct and facultative re/insurance1 July 2023: top 10% raised fro
Slide 38: Our key supporting units
Our key supporting units 38
Slide 39: Swiss Re Institute
Macroeconomic and insurance Thought leadership research Sustainability agenda & Swiss Re Institute analysis, scenarios and forecasts and emerging risks reporting Delivering actionable insights on Independent economic insights, Position Swiss Re as the industry's Establish and embed Swiss Re’s curren
Slide 40: Swiss Re Institute
Swiss Re Institute Client presentations and training Advisory bodies Research partnerships External engagements We manage standing external SRI partners extensively with SRI engages directly with clients relationships with market academic institutions and other Liaising with clients, stakeholders an
Slide 41: 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 Foundation Swiss Re locations. To help build resilient societies, the Foundation offers its partners tailored grant financing, a
Slide 42: We are Swiss Re
We are Swiss Re 42
Slide 43: Thank you!
Thank you! Contact us Follow us
Slide 44: @ Swiss Re
@ Swiss Re 44
Slide 45: Legal notice
Legal notice ©2024 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