EQS Group-News: Swiss Re Ltd / Key word(s): Miscellaneous 
Swiss Re to propose regular dividend of CHF 5.90 per share 
2021-03-18 / 07:03 
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  . Swiss Re's Board of Directors to propose a regular dividend of CHF 5.90 per share 
  . Total contribution to economic net worth (ENW) of USD -434 million in 2020; excluding COVID-19 impact, total 
    contribution of USD 3.3 billion for the year 
  . Swiss Re maintains a very strong capital position; Group Swiss Solvency Test (SST) ratio of 215% as of 1 January 
    2021 
  . Sergio P. Ermotti to be nominated for election as Chairman of the Board of Directors 
  . For the upcoming Annual General Meeting (AGM) on 16 April 2021, the shareholders are invited to have their shares 
    represented by the independent proxy 
  . Cathy Desquesses to succeed Nigel Fretwell as Group Chief Human Resources Officer and member of the Group Executive 
    Committee 
Zurich, 18 March 2021 - Swiss Re today published its 2020 Annual Report, Sustainability Report and the agenda for the 
upcoming Annual General Meeting of shareholders (AGM) on 16 April 2021. In line with the preventive measures announced 
by the Swiss Federal Council, and in order to best protect the health of Swiss Re's shareholders and employees, it will 
not be possible for shareholders to attend the AGM in person. 
Shareholders can exercise their voting rights in writing or electronically via the independent proxy. Voting results 
will be published on the Group's website. Shareholders are also invited to attend a virtual post-AGM information event 
to be streamed live, starting at 10:00 CEST on 16 April 2021. Details for this event are available in the shareholder 
invitation to the AGM or through the Sherpany App. 
Swiss Re's capital position remained very strong throughout 2020. As of 1 January 2021, the Group Swiss Solvency Test 
(SST) ratio was at 215%, within the new target range of 200-250%. The Group's very strong capital position and positive 
outlook enables the Board of Directors to propose a stable dividend of CHF 5.90 per share at the upcoming AGM. 
Swiss Re's Chairman Walter B. Kielholz said: 'In 2020, Swiss Re again proved that its business model is robust and that 
it can fulfil its role as shock absorber for the insurance industry in times of crisis. The company has supported its 
clients through the extraordinary events of the COVID-19 pandemic, all the while maintaining a very strong capital 
position. Swiss Re's businesses delivered strong underlying results, highlighting their long-term earning potential, 
and market trends point to an optimistic outlook for 2021 and beyond. These factors allow the Board of Directors to 
confidently propose an attractive dividend to shareholders.' 
Swiss Re's 2020 Annual Report contains Swiss Re Group's Economic Value Management (EVM) results. EVM is Swiss Re's 
proprietary integrated economic valuation and steering framework, consistently measuring economic performance across 
all businesses. It allows Swiss Re to see the connection between risk-taking and value creation and provides a 
consistent framework to evaluate the outcome of controlled risk-taking and capital allocation decisions throughout a 
performance cycle. 
Swiss Re reported a total contribution to economic net worth (ENW) of USD -434 million in 2020. The result was largely 
driven by COVID-19-related claims and reserves of USD 4.6 billion, which include both the 2020 impact and 
forward-looking estimates for 2021. Excluding COVID-19-related impacts, the total economic contribution to ENW amounted 
to USD 3.3 billion for the year, reflecting a strong underlying business performance in Reinsurance and Corporate 
Solutions. 
ENW decreased to USD 33.7 billion as of 31 December 2020 from USD 36.1 billion on 31 December 2019. ENW per share was 
USD 116.45 (CHF 102.93) as of 31 December 2020. ENW per share growth amounted to -0.1% in 2020. Excluding COVID-19 
claims and reserves, ENW per share growth was 10.3%, underpinning the strong underlying business performance. 
Cathy Desquesses to succeed Nigel Fretwell as Group Chief Human Resources Officer and member of the Group Executive 
Committee 
Cathy Desquesses has been appointed Group Chief Human Resources Officer and member of the Group Executive Committee, 
effective 1 July 2021. She will succeed Nigel Fretwell, who has decided to retire. Cathy Desquesses has been the Chief 
People Officer and member of the Executive Committee at Sodexo since July 2018. Prior to that she had a 20-year career 
at GE, working in various senior HR positions around the world. She holds a master's degree in Labor & Employment Law 
from the Université Panthéon Assas in France. 
Swiss Re's Chairman Walter B. Kielholz said: 'On behalf of the Swiss Re Board of Directors, I would like to thank Nigel 
Fretwell for his contribution to the Group over the past eight years and wish him all the best in retirement. We are 
pleased to have found an ideal successor in Cathy Desquesses to continue championing the topics of employee engagement, 
global talent pipeline, inclusion and diversity.' 
Swiss Re Annual General Meeting 
The Board of Directors proposes that Sergio P. Ermotti be re-elected as a member of the Board of Directors and elected 
as its Chairman for a one-year term of office until completion of the next Annual General Meeting. As previously 
announced, Walter B. Kielholz will retire after 12 years as Chairman of the Board of Directors and will not stand for 
re-election. 
The Board of Directors will propose the re-election of the following members for a one-year term of office: 
  . Raymond K.F. Ch'ien 
  . Renato Fassbind 
  . Karen Gavan 
  . Joachim Oechslin 
  . Deanna Ong 
  . Jay Ralph 
  . Joerg Reinhardt 
  . Philip K. Ryan 
  . Sir Paul Tucker 
  . Jacques de Vaucleroy 
  . Susan L. Wagner 
  . Larry Zimpleman 
The Board of Directors will propose the following individuals to be re-elected as members of the Compensation 
Committee: 
  . Raymond K.F. Ch'ien 
  . Renato Fassbind 
  . Karen Gavan 
  . Joerg Reinhardt 
  . Jacques de Vaucleroy 
The Board of Directors proposes that KPMG be re-elected as the Group's auditor for a one-year term of office for the 
financial year 2022. 
The invitation to Swiss Re Ltd's 2021 AGM is available online here. 
Publication of the 2020 Annual Report and 2020 Sustainability Report 
Swiss Re today published its 2020 Annual Report 'Transforming Tomorrow Together'. The Annual Report consists of the 
Business Report and the Financial Report. The Business Report presents the Group's strategic position and illustrates 
how Swiss Re and its partners are creating new partnerships and technologies to drive insurance growth, navigating the 
COVID-19 pandemic, while making the transition to a net-zero business model. The Financial Report includes the audited 
consolidated and statutory financial statements for 2020. The 2020 Annual Report is available online here. In addition, 
the SRZ Annual Report 2020 is also available online here. 
Information about Swiss Re's capital position, financial strength and capital management can be found on pages 54-59 of 
the 2020 Financial Report. The Group also published loss development triangles on both an accident year and 
underwriting year basis. These are available online here. 
Swiss Re today published its Sustainability Report, which describes its Group Sustainability Strategy and its 
implementation in 2020. Key topics include linking compensation to sustainability performance, progress on the Group's 
commitments to achieve net-zero emissions (in underwriting, investments and operations), the growing significance of 
biodiversity and ecosystem services, and Swiss Re's people strategy. The report is available online here. 
Investors' and analysts' conference call 
Swiss Re will hold an investors' and analysts' conference call today at 14:00 (CET) with John Dacey (Group CFO) and 
Philip Long (Head of Actuarial Control). The presentation slides are available on Swiss Re's website: here. 
To listen to the call you are kindly requested to dial into the conference call 10-15 minutes prior to the start, using 
the following numbers (listening mode for journalists): 
Switzerland:   +41 (0) 58 310 50 00 
Germany:       +49 (0) 69 5050 0082 
France:        +33 (0) 1 7091 8706 
UK:            +44 (0) 207 107 0613 
USA:           +1 (1) 631 570 56 13 The conference call will be recorded, and the recordings will be made available after the event has taken place. 

Swiss Re The Swiss Re Group is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk - from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.

For further information please contact Swiss Re Media Relations: + 41 (0)43 285 7171 or Media_Relations@Swissre.com. Please use this link to access the Swiss Re website.

Cautionary note on forward-looking statements Certain statements and illustrations contained herein are forward-looking. These statements (including as to plans, objectives, targets, and trends) and illustrations provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical fact or current fact. Further information on forward looking statements can be found in the Legal Notice section of Swiss Re's website. -----------------------------------------------------------------------------------------------------------------------

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