Swiss Re Investor Presentation — July 2020

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Half-year 2020 Results

Swiss Re investor and analyst presentation

Zurich, 31 July 2020

Half-year 2020 Results

context Focus areas of half -year 2020 results

2Corporate Solutions

turnaroundSuccessful

Half-year 2020 Results

3Swiss Re’s half-year results remain solid excluding COVID -19 impact

Combined ratio 1 15.8% 1 22.6%L&H Re Life Capital

Swiss Re maintains very strong capital position with Group SST ratio above target level of 220%3Excluding COVID -192Premiums1(growth) 9 601 (+10%) 2 004 (-3%) 6 676 (+6%) 1 048 (-4%)

Net income/lossTotal

-519 -301 74 -21 71 9 329 (+6%)

-1 135USD m, unless otherwise stated

Net income/loss 646 81 5 16 -206 865- - -

100.5% 98.4% Combined ratio - - -Including COVID -19

1Net premiums earned and fee income

2Excludes the claims and reserves related to COVID -19 and the associated estimated tax impacts

3As of 1 July 2020Half-year 2020 Results

Andrew (1 992)Hurricane

Katrina (2005)Hurricanes

Maria (201 7)Earthquake

Japan (201 1)Hurricane

Sandy (201 2)Earthquake

(1994)Earthquake New

4Market impact of COVID -19 P&C loss expected to be manageable and

comparable to previous large events

Largest recorded catastrophe losses for the P&C insurance industry1(USD bn)

1Numbers in USD bn at 2020 prices

Source: Swiss Re Institute –estimate based on information and projections available as of July 2020Half-year 2020 Results

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