Swiss Re Investor Presentation — February 2018

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Investor and analyst presentation

Zurich, 23 February 2018Annual results 2017

•2017 financial performance

•Business outlook for 2018

2Today’s agendaAnnual results 2017Key achievements

3Annual results 2017

4In 201 7 we supported our clients and their customers in the aftermath of large losses

Swiss Re’s employees assessed losses on site in multiple loss -affected areas after the occurrence of the 201 7 natural catastroph e eventsUSD 4.7bn

damagesAnnual results 2017

5In a challenging year Swiss Re also achieved multiple successes

Superior capital strength enabling full

execution of share buy -back

and attractive new capital actionsFocus on underwriting discipline

maintained in challenging P&C market

Continued emergence of strong

profitability in L&H ReinsuranceStrong investment performance and

high -quality portfolio

Third party equity capital introduced in

ReAssure supporting L&G transaction;

continued growth in open booksExternal recognition of

sustainability leadershipAnnual results 2017201 7 financial performance

6Annual results 2017

•Swiss Re reports Group net income of USD 331m despite large natural catastrophes

•Group investment portfolio delivers a very strong ROI of 3.9% alongside a steady running yield

•Group economic solvency remains very strong, comfortably above the Group’s respectability level of 220%

•Board of Directors will propose an increased regular dividend of CHF 5.00 per share to the AGM 2018 and will also seek authorisation for

a public share buy -back programme of up to CHF 1.0bnDiversification of earnings streams supported Swiss Re’s 201 7 result