Zurich Insurance Group Ltd · SIX:ZURN
Zurich Insurance — Investor Day (May 2015)
12 slides from Zurich Insurance's investor day presentation, May 21, 2015
Slide 1: Investor Day – Media conference call
Investor Day – Media conference call Martin Senn, Chief Executive Officer Zurich, May 21, 2015 Zurich Insurance Group
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 predictions of or indicate future events, trends, plans or objectives of Zurich Insurance Group Ltd or the Zurich Insurance Group (the ‘Group’).
Slide 3: On track to deliver our objectives
On track to deliver our objectives 2014-2016 TARGETS Our strategy remains the right one Target BOPAT ROE1 12 - 14% We expect to meet our targets Target Z-ECM2 100 – 120% Cumulative Further actions under way across each Net cash 3-year target of the three strategic cornerstones remittances > USD 9bn
Slide 4: Clear strategy set out in 2013
Clear strategy set out in 2013 GROUP STRATEGY KEY FOCUS AREAS Corporate Prioritizing investment 1 Commercial mid-market in distinctive positions Select retail Extract value from Global Life back books Managing other Continue to capture value from profitable, smaller 2 businesses for value
Slide 5: External environment remains challenging
External environment remains challenging KEY FACTORS FOR INDUSTRY 10 YR GOVT BOND YIELDS (%) Continued low bond yields, 6 U.S. especially in Europe 5 Germany Organic top-line outlook is fairly muted 4 UK 3 in key markets 2 Capital is fairly plentiful 1 0 Regulatory environment is evolving 20
Slide 6: Strong position to deal with financial implications
Strong position to deal with financial implications DISCUSSION AREAS WHAT THIS MEANS FOR US Target ROE range harder to achieve given low yield & GI Still expect to achieve our 12-14% ROE target in 2016 growth outlook Capital ratios impacted by low Capital remains very strong on all yield environ
Slide 7: No major strategic implications, but we need to be adaptable
No major strategic implications, but we need to be adaptable First step taken in manage for value capital release, with more to come Lower growth means that we need to focus more on efficiency Data and digital will be key to the coming years, but linked also to efficiency May 21, 2015 Investor Day 7
Slide 8: Clear and focused priorities for the next 18 months
Clear and focused priorities for the next 18 months GROUP STRATEGY PROGRESS TO DATE NEXT 18 MONTHS Prioritizing Investments in corporate, commercial Continue actions under way in and select retail markets Global Corporate, North America investment 1 Extension of Sabadell JV, new Commercial and
Slide 9: Key messages – General Insurance
Key messages – General Insurance Strategy Our 2014 – 2016 strategy is confirmed, with global, remains regional and local initiatives underway the same Execution Strategy execution shows strong evidence of delivery, even amid in the face of operational and market challenges challenges On track to Add
Slide 10: Key messages – Global Life
Key messages – Global Life Strategy/ Executing clear and focused Life insurance strategy; trends well positioned to respond to major trends Priority Achieving strong growth in Bank Distribution and Corporate investments Life & Pensions: FY-14 APE up 10% and 37% resp. vs. FY-13 Manage for Clear actio
Slide 11: 18 months review: how we are executing the strategy we set out in 2013
18 months review: how we are executing the strategy we set out in 2013 We expect to deliver our 2014-2016 targets We have made progress, but more actions needed in next 18 months Opportunities in efficiency will support our earnings growth ambitions Data and digital will be central to the coming yea
Slide 12: Zurich
@ ZURICH