苏黎世保险公司ZurichInsurance-201511_investor and media presentation nine months results.doc

苏黎世保险公司ZurichInsurance-201511_investor and media presentation nine months results Results for the nine months to September 30, 201#0046995 Investor amp; Media presentation November #0046995, 201#0046995 Zurich Insurance Group Results overview Martin Senn, Chief Executive Officer Key messages Q3 GI results General Insurance operating loss of USD 0.2bn and combined ratio of ~109% for Q3, in-line with preliminary indications GI review Operational review of General Insurance has identified clear action plan, first steps taken Life and Farmers Global Life and Farmers are on track Capital Z-ECM ratio above target range at 30 June, plans for capital deployment to be communicated with FY results 3 November #0046995, 201#0046995 Results for the nine months to September 30, 201#0046995 Q3-1#0046995 KEY RESULTS 9m-1#0046995 KEY RESULTS Q3 results in-line with preliminary indications November #0046995, 201#0046995 4 Key financials BOP USD 0.3bn (-79%) NIAS USD 0.2bn (-79%) GI CR 108.9% (+12.2pts) BOP USD 2.#0046995bn (-3#0046995%) NIAS USD 2.3bn (-27%) GI CR 101.9% (+#0046995.8pts) Results for the nine months to September 30, 201#0046995 ?? Re-evaluating GI’s current underlying earnings power, with detailed plans in place for each business unit ?? Evaluate options to use reinsurance to reduce earnings volatility #0046995 WORK STREAMS KEY ASPECTS OF REVIEW Operational review has identified key actions November #0046995, 201#0046995 #0046995 General Insurance – Review Financial base-lining and ambition setting 1 Technical excellence 2 Expense reduction 3 Strategy and portfolio focus 4 Organization and governance #0046995 ?? Portfolios with high underwriting loss subject to detailed investigation ?? Actions agreed for key portfolios including reunderwriting, repricing and portfolio exits, with execution subject to monthly reviews ?? Full transparency on planned cost evolution – for overall GI and individual