Zurich Insurance Group Ltd · SIX:ZURN
Zurich Insurance — Zurich Financial Services — Q1 2005 Earnings Presentation
14 slides from Zurich Insurance's earnings presentation, May 19, 2005
Slide 1: Results Reporting for the Three Months to March 31, 2005
Results Reporting for the Three Months to March 31, 2005 Analyst presentation Zurich, May 19, 2005
Slide 2: Disclaimer and cautionary statement
Disclaimer and cautionary statement Certain statements in this document are forward-looking statements, including, but not limited to, statements that are predications of or indicate future events, trends, plans or objectives. Forward- looking statements include statements regarding our targeted pro
Slide 3: Results Reporting for the Three Months to March 31, 2005
Results Reporting for the Three Months to March 31, 2005 James J. Schiro Chief Executive Officer May 19, 2005
Slide 4: Results for the Three Months
Results for the Three Months Patrick O’Sullivan Group Finance Director May 19, 2005
Slide 5: Financial highlights
Financial highlights in USD millions 2005 20041 Change for the three months ended March 31 Gross written premiums and policy fees 13,892 14,233 -2% Business operating profit 1,034 874 18% Net income attributable to shareholders 779 644 21% General Insurance combined ratio 96.9% 96.6% -0.3pts Life In
Slide 6: Business operating profit by segment
Business operating profit by segment in USD millions 2005 2004 Change for the three months ended March 31 General Insurance 609 618 -1% Life Insurance 170 194 -12% Farmers Management Services 306 285 7% Other Businesses 124 -54 nm Corporate Functions -175 -169 -4% Total 1,034 874 18% © Zurich Financ
Slide 7: General Insurance key performance indicators
General Insurance key performance indicators Business Operating Profit Combined ratio (%) in USD millions 2005 2004 Change 96.9 for the three months ended March 31 Total1 96.6 Global Corporate 144 203 -29% Global 95.0 North America Commercial 177 125 42% Corporate 87.5 Europe Commercial & Personal 3
Slide 8: Development of reserves for Losses and Loss Adjustment Expenses (LAE)
Development of reserves for Losses and Loss Adjustment Expenses (LAE) in USD millions 2005 2004 Net reserves for losses and LAE, as of January 1 43,487 36,971 Net losses and LAE paid -4,394 -4,330 Net losses and LAE incurred - Current year 5,378 5,348 - Prior year 10 70 Other movements (FX, divestme
Slide 9: Life Insurance key new business indicators
Life Insurance key new business indicators Gross new business Annual Premiums Equivalent New business profit margin1 in USD millions 2005 2004 Change 7.5% for the three months ended March 31 Total2 9.8% Farmers New World Life (FNWL) 25 25 0% 50.3% FNWL Europe 502 447 12% 67.8% International Business
Slide 10: Business operating profit by segment
Business operating profit by segment in USD millions 2005 2004 Change for the three months ended March 31 General Insurance 609 618 -1% Life Insurance 170 194 -12% Farmers Management Services 306 285 7% Other Businesses 124 -54 nm Corporate Functions -175 -169 -4% Total 1,034 874 18% © Zurich Financ
Slide 11: Shareholders' equity
Shareholders’ equity in USD millions 23'000 22'000 23 - 1,511 -266 21'000 779 -250 -13 20'000 22,181 20,670 20,943 19'000 18'000 2 Balance as of Implement. Balance as of Net income Reclass. of Change in Translation Other Balance as of Dec 31, 2004 of new and Dec 31, 2004, attributable negative net u
Slide 12: Appendix
Results Reporting for the Three Months to March 31, 2005 Appendix
Slide 13: Farmers Exchanges financial highlights
Farmers Exchanges1 financial highlights for the three months ended 2005 2004 March 31 4'400 40% Gross written premiums 3,580 3,466 4'200 Net underwriting result 151 18 38% Net surplus change (YTD) 184 143 4'000 36% Ending Surplus 4,330 3,827 3'800 Surplus Ratio 37.1% 37.1% 34% 3'600 3'400 32% 3'200
Slide 14: Farmers Exchanges – combined ratio by line of business
Farmers Exchanges – combined ratio by line of business for the three months ended March 31 2005 2004 Change Auto 99.1% 101.5% 2.4pts Homeowners 80.0% 87.1% 7.1pts Commercial P&C1 97.7% 99.9% 2.2pts Workers’ Compensation 93.9% 101.9% 8.0pts Specialty 85.5% 89.9% 4.4pts Total 94.5% 98.7% 4.2pts Adjust
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