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 ...

Swiss Re AG (OTCPK:SSREF) Q1 2022 Earnings Conference Call May 5, 2022 2:30 AM ET Company Participants Elena Logutenkova - Head, Media Relations & Corporate Reporting John Dacey - Group CFO Christian Mumenthaler - Group CEO Conference Call Participants Ben Dyson - S&P Global Market Intelligence Operator Ladies and gentlemen, welcome to the first quarter 2022 Media Conference Call. I'm Alisey Chorus Call operator. [Operator Instructions]. The conference must not be recorded for publication or broadcast. At t ...

Swiss Re AG (OTCPK:SSREF) Q4 2021 Earnings Conference Call February 25, 2022 4:30 AM ET Company Participants Christian Mumenthaler – Group Chief Executive Officer John Dacey – Group Chief Financial Officer Elena Logutenkova – Head Media Relations & Corporate Reporting Communications Conference Call Participants Elena Logutenkova Good morning and welcome to Swiss Suisse 2021 results Media Conference Call. My name is Elena Logutenkova, I'm head of Media Relations incorporates reports in here at Swiss Re. And ...