SWISS RE LTD Swiss Re - Leading Global Re/Insurer
The Octavian Seminar
Giovanni Gentile, CFO Reinsurance
Flims, 13 January 2023
Today's focus areas
Group | Business | Capital |
strategy | update | management |
2
Swiss Re in a nutshell
A truly global and diversified reinsurer…
Asia
19%
USD 43bn1 49% Americas
… with profitable long-term growth
>▪ Premium1 CAGR of 6% over FY 2012-21
>▪ Market growth of 5-6% p.a. until 20302
Group financial targets
14%
Return on equity3
32%
EMEA
Health
13%
Property
… with very strong capital position
>▪ Group SST ratio of 274% as of 7/2022
>▪ Group S&P rating of AA-
in 2024
10%
24%
Life 26% | USD 43bn1 |
26%
11%Casualty Specialty
- with attractive dividend policy
- Dividend per share CAGR of 6% over FY 2012-21 period
ENW per share growth4
per year
1 | Premiums earned and fee income | |
2 | Source: Swiss Re Institute, based on gross premiums written | 3 |
3 | US GAAP return on equity | |
4 | Calculated as: (current-year closing ENW per share + current-year dividends per share) / (prior-year closing ENW per share + current-year opening balance sheet adj. per share) |
We run three distinct businesses supported by "one" Group foundation
Reinsurance is at the core of our business as a leading > global reinsurer
Corporate Solutions is a specialised risk partner to > corporate clients
iptiQ is our globally leading digital B2B2C insurance > platform, focusing on personal lines
Acting as "One Swiss Re" based on one foundation with > the flexibility to create new businesses
4
Third quarter performance heavily impacted by elevated P&C Reinsurance loss activity, while L&H Reinsurance and Corporate Solutions delivered strong results
Swiss Re Group
9M 2022 | Q3 2022 | |
key figures | key figures | |
Combined ratio | 106.1% | 119.5% |
Net income
(USD m)
1 258
-285
9M 21 | 9M 22 |
212
-442
Q3 21 | Q3 22 |
P&C | |||
Reinsurance Normalised4 | 96.2% | 96.9% | |
combined ratio | |||
L&H | Net income (USD) | 221m | 219m |
Reinsurance | |||
Premium growth1
Return on investments2
+1.3%+0.1%
(+5.0%3) (+5.1%3)
1.6%2.4%
Corporate | Combined ratio | 93.1% | 92.9% |
Solutions | |||
Swiss Re | Return on equity2 | - 2.1% | - 13.2% |
Group | |||
1 | Net premiums earned and fee income | |
2 | Annualised | 5 |
3 | At constant fx rates | |
4 | Assuming an average large nat cat loss burden and excluding prior-year reserve development |
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Swiss Re Ltd. published this content on 13 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2023 08:39:02 UTC.
