2022 FULL-YEAR Extracts from Swiss Re's 2022 Annual Report Presentation
Extracts from 2022 Annual Report
Focus areas
EconomicReservingSustainability
performanceupdatehighlights and solvency
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Extracts from 2022 Annual Report |
2 |
Economic performance and solvency
- Economic performance
- Economic solvency and capital generation
3
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2024 |
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2008 |
Transition |
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to IFRS |
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Introduction of |
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2006 |
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SST |
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Transition to |
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2004 |
US GAAP |
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Introduction of |
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EVM |
EVM key objectives
- Measure economic value generated from underwriting activities on a stand-alone basis
- Measure economic value generated from investment activities after risk adjustment
- Assess different underwriting and investment opportunities on a consistent basis
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- Supports portfolio steering
- Allows consistent measurement of economic performance
- Forms basis for capital actions
The switch to IFRS represents an opportunity to achieve greater comparability across the industry
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Extracts from 2022 Annual Report |
4 |
Main headwinds of the Group's 2022 economic performance
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L&H model and |
Economic inflation2 |
Large nat cat losses |
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assumption changes1 |
above expectations3 |
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2022 contribution to ENW4 (economic earnings)
- Negative impact on EVM profit in L&H Reinsurance due to improved internal pandemic risk model, plus assumption and methodology changes
- Negative impact on EVM profit in P&C Reinsurance and Corporate Solutions due to inflation scenario updates and assumption changes reflecting higher-than-expected economic inflation
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3 |
Negative impact on EVM profit in P&C Reinsurance due to higher-than-expected large nat cat losses |
Extracts from 2022 Annual Report |
5 |
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4 |
Economic |
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2022 FULL-YEAR Annual Report – Shareholders' letter
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