Zurich Insurance Group Ltd · SIX:ZURN
Zurich Insurance — Zurich Financial Services — FY2005 Earnings Presentation
16 slides from Zurich Insurance's earnings presentation, Feb 16, 2006
Slide 1: Annual Results Reporting 2005 Media presentation
Annual Results Reporting 2005 Media presentation Zurich, February 16, 2006
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 prof
Slide 3: Agenda
Agenda • Overview James J. Schiro • Annual results 2005 Patrick O’Sullivan • Closing remarks James J. Schiro • Q&A © Zurich Financial Services - Annual Results Reporting 2004, February 17, 2005 3
Slide 4: Overview
Overview James J. Schiro Chief Executive Officer February 16, 2006
Slide 5: Financial highlights
Financial highlights in USD millions 2005 20041 Chang for the years ended December 31 e Gross written premiums and policy fees 46,797 49,236 -5% Business operating profit 3,947 2,988 32% Net income attributable to shareholders 3,214 2,466 30% General Insurance combined ratio 100.8% 102.0% 1.2pts Lif
Slide 6: Annual results 2005
Annual results 2005 Patrick O’Sullivan Group Finance Director February 16, 2006
Slide 7: Business operating profit by segment
Business operating profit by segment in USD millions 2005 2004 Change for the years ended December 31 General Insurance 1,914 1,241 54% Life Insurance 1,079 934 16% Farmers Management Services 1,221 1,109 10% Other Businesses 441 229 93% Corporate Functions -708 -525 -35% Total 3,947 2,988 32% © Zur
Slide 8: Gross written premiums and policy fees by segment
Gross written premiums and policy fees by segment in USD millions 2005 2004 Change for the years ended December 31 General Insurance 33,401 33,855 -1%1 Life Insurance 10,535 10,948 -4%2 Other Businesses 3,004 4,704 -36% Other segments and eliminations -143 -271 nm Total 46,797 49,236 -5% 1 After adj
Slide 9: General Insurance key performance indicators
General Insurance key performance indicators Business operating profit Combined ratio (%) in USD millions 2005 2004 Chang 100.8 Total1 for the years ended December 31 e 102.0 Global Corporate 25 585 -96% 107.4 Global North America Commercial 223 -1,298 nm Corporate 93.9 Europe General Insurance 1,50
Slide 10: Life Insurance key performance indicators
Life Insurance key performance indicators in USD millions 2005 2004 Change for the years ended December 31 Business operating profit 1,079 934 16% New business profit margin1 14.5% 11.4% 3.1pts Embedded value operating profit 1,344 1,117 20% Embedded value operating return, after tax2 10.9% 10.8% 0.
Slide 11: Life Insurance business operating profit
Life Insurance business operating profit in USD millions 2005 2004 Change for the years ended December 31 United States 236 203 16% United Kingdom1 184 275 -33% Germany 140 104 35% Switzerland 236 167 41% Italy 58 37 57% Spain 37 28 32% Ireland 33 21 57% Other European countries 17 28 -39% Internati
Slide 12: Life Insurance new business indicators
Life Insurance new business indicators Annual Premiums Equivalent and New Business Profit New business profit margin1 US 42.0 / in USD millions APE APE NBP NBP 61.0 / 8.9 for the years ended Dec. 31 2005 2004 2005 2004 UK2 5.4 16.6 United States 111 120 47 74 Germany 12.0 United Kingdom2 1,017 891 9
Slide 13: Business operating profit by segment
Business operating profit by segment in USD millions 2005 2004 Change for the years ended December 31 General Insurance 1,914 1,241 54% Life Insurance 1,079 934 16% Farmers Management Services 1,221 1,109 10% Other Businesses 441 229 93% of which: Farmers Re 196 224 -13% of which: Centre 222 47 372%
Slide 14: Closing remarks
Closing remarks James J. Schiro Chief Executive Officer February 16, 2006
Slide 15: Our Zurich Way initiatives target more than USD 1.5 billion net over 3 years
Our Zurich Way initiatives target more than USD 1.5 billion net over 3 years 100% = 100% = 100% = USD 500m USD 500m USD 500m 9% 9% Other 19% 18% • We comfortably 5% Distribution exceeded our 2005 29% target of USD 500m 23% 16% 16% Claims • More than 200 initiatives in 2006 36% 33% 29% U/W • Rigorous
Slide 16: ZURICH
@ ZURICH
Zurich Financial Services — FY2005 Earnings Presentation on 6ix