Swiss Re AG (OTCPK:SSREY) FY2023 Earnings Conference Call February 16, 2024 8:00 AM ET Company Participants Christian Mumenthaler - Group Chief Executive Officer John Dacey - Group Chief Financial Officer Thomas Bohun - Head of Investor Relations Conference Call Participants Andrew Ritchie - Autonomous Kamran Hossain - JPMorgan Vinit Malhotra - Mediobanca Will Hardcastle - UBS Ivan Bokhmat - Barclays Freya Kong - Bank of America Roland Pfaender - ODDO BHF Darius Satkauskas - Keefe, Bruyette & Woods Operato ...

Swiss Re CEO Christian Mumenthaler gestures during a session of the World Economic Forum (WEF) annual meeting in Davos on January 18, 2024.Insurance giant Swiss Re on Friday reported a sharp upswing in full-year profit, benefitting from what it described as an attractive market environment after a "batch of bad years."The Zurich-headquartered company posted full-year net profit of $3.2 billion, in line with expectations according to an LSEG-compiled consensus. It marked a nearly 580% increase when compared ...

Swiss Re AG (OTCPK:SSREF) Q3 2023 Results Conference Call November 3, 2023 9:00 AM ET Company Participants John Dacey - Group Chief Financial Officer Thomas Bohun - Head of Investor Relations Conference Call Participants Andrew Ritchie - Autonomous Kamran Hossain - JPMorgan Freya Kong - Bank of America Will Hardcastle - UBS Derald Goh - RBC Tryfonas Spyrou - Berenberg James Shuck - Citi Vinit Malhotra - Mediobanca Guilhem Horvath - BNP Paribas Ivan Bokhmat - Barclays Operator Good morning or good afternoon. ...

Swiss Re AG (OTCPK:SSREF) Q2 2023 Earnings Conference Call August 4, 2023 8:00 AM ET Company Participants Christian Mumenthaler - Group Chief Executive Officer John Dacey - Group Chief Financial Officer Thomas Bohun - Head of Investor Relations Conference Call Participants Andrew Ritchie - Autonomous Kamran Hossain - JPMorgan Ivan Bokhmat - Barclays Freya Kong - Bank of America Tryfonas Spyrou - Berenberg William Hardcastle - UBS Derald Goh - RBC Capital Markets Vinit Malhotra - Mediobanca Ashik Musaddi - M ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------------------------------------------------------------------|-------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | Half-year 2023 Results | | | | | | | | | | | Swiss Re investor and analyst presentation Zurich, 4 August 2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Solid performance in the first half of 2023 | --- | --- | --- | --- | --- | --- | --- | ...

Swiss Re AG (OTCPK:SSREF) Q1 2023 Results Conference Call May 4, 2023 2:30 AM ET Company Participants John Dacey - CFO Thomas Bohun - Head, IR Conference Call Participants Kamran Hossain - JPMorgan Andrew Ritchie - Autonomous Will Hardcastle - UBS Freya Kong - Bank of America Derald Goh - RBC James Shuck - Citi Vinit Malhotra - Mediobanca Ashik Musaddi - Morgan Stanley Tryfonas Spyrou - Berenberg Ivan Bokhmat - Barclays Thomas Fossard - HSBC Operator Good morning or good afternoon. Welcome to Swiss Re's Fir ...

Financial Data and Key Metrics Changes - 2022 was a challenging year for the company due to various factors including inflation and natural catastrophe losses, but Q4 showed strong performance with a good combined ratio in P&C Re [3][6] - The company reported a recurring investment yield expected to exceed USD 400 million in 2023 compared to 2022 [5] - The dividend was set at USD 6.4, reflecting strong capitalization [5][12] Business Line Data and Key Metrics Changes - Life Re reported approximately USD 200 million in results, with expectations of continued improvement as the pandemic recedes [4] - The combined ratio for Corporate Solutions (CorSo) was 93.1% for both Q4 and the full year [4] - The P&C Re business experienced a net price increase of 5%, with an 18% increase in prices offset by 13% due to inflation and model updates [6][9] Market Data and Key Metrics Changes - The company noted a significant increase in investor interest, leading to an increase in sidecar funds to nearly USD 3 billion [7] - The company expects a combined ratio target of less than 95% for P&C, starting from an impacted level of around 96% due to inflation [9] Company Strategy and Development Direction - The company aims to maintain its multiyear targets, including a group ROE of 14% on a normalized equity basis [7][8] - The company is transitioning to a reported combined ratio target to reflect greater confidence in its delivery and to align with market practices [14][15] - A restructuring initiative is underway to simplify the corporate structure, aiming for increased efficiency and cost savings while maintaining strong underwriting capabilities [61][64] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the renewal data and the overall market conditions, indicating a constructive environment for growth despite ongoing inflationary pressures [5][58] - The company remains vigilant regarding risks, particularly in light of inflation and geopolitical uncertainties [12][51] - Management highlighted the importance of maintaining a stable dividend while evaluating future adjustments based on performance [51] Other Important Information - The company has maintained its NatCat budget at USD 1.9 billion, reflecting a prudent approach despite growth in exposure and inflation [20][24] - The company is closely monitoring the impact of inflation on reserves and expects to maintain strong reserve positions [22][25] Q&A Session Summary Question: Combined ratio target in P&C Re - Management indicated that moving to a reported basis reflects greater confidence and aligns with market practices, allowing for better assessment of volatility [14][15] Question: Economic uplift from January renewals - Management expects similar market conditions to continue throughout the year, with rates needing to match the risks taken [17] Question: NAT cat budget assumptions - The budget remains unchanged due to expected growth in the renewal portfolio, with prudent adjustments made based on loss expectations [20][24] Question: COVID reserves and claims environment - The company has settled some COVID-related claims, reducing IBNRs, and expects to clean up most positions in 2023 [39][75] Question: Pricing environment for CorSo - Management noted that while price increases have slowed, the environment remains constructive for growth, particularly in light of inflation [58][60] Question: Dividend outlook - The company plans to maintain the current dividend level while evaluating future adjustments based on performance [51] Question: Loss model updates - The updates were driven by a combination of inflation and changes in loss models across various lines of business [68][69]

Swiss Re AG (OTCPK:SSREF) Q3 2022 Earnings Conference Call October 28, 2022 2:30 AM ET Company Participants Elena Logutenkova - Head, Media Relations and Corporate Reporting John Dacey - Chief Financial Officer Conference Call Participants Ben Dyson - S&P Global Market Intelligence Thomas Hengartner - Finanz und Wirtschaft Operator Ladies and gentlemen, welcome to the Nine Months Results 2022 Media Conference Call. I am Alice, the Chorus Call operator. I would like to remind you that all participant will be ...

n Swiss Re 9M 2022 Results Swiss Re investor and analyst presentation Zurich, 28 October 2022 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 key figures Q3 2022 key figures 106.1% 119.5% Combined ratio P&C Reinsurance 1 258 Net income (USD m) Normalised4 combined ratio 96.2% 96.9% 212 -285 -442 9M 21 9M 22 Q3 21 Q3 22 Premium growth1 +1.3% (+5.0%3) +0.1% (+5.1%3) Return on inv ...

Swiss Re AG (OTCPK:SSREF) Q2 2022 Earnings Conference Call July 29, 2022 8:00 AM ET Company Participants | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | Christian Mumenthaler - Chief Executive Officer John Dacey - Chief Financial Officer Thomas Bohun - Head of Investor Relations Thierry Leger - Chief Underwriting Officer | | Conference Call Participants | | Andrew Ritch ...