EVM sensitivities – online only
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Property & Casualty Reinsurance |
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Life & Health Reinsurance |
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Corporate Solutions |
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Life Capital |
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Swiss Re Group |
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USD billions |
Change in 2018 EVM new business profit |
Change in economic net worth as of 31.12. |
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Change in 2018 EVM new business profit |
Change in economic net worth as of 31.12. |
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Change in 2018 EVM new business profit |
Change in economic net worth as of 31.12. |
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Change in 2018 EVM new business profit |
Change in economic net worth as of 31.12. |
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Change in 2018 EVM new business profit |
Change in economic net worth as of 31.12. |
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Change in frictional capital costs: |
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Increase by 100bps |
–0.1 |
–0.3 |
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–0.1 |
–1.0 |
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0.0 |
–0.1 |
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0.0 |
–0.2 |
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–0.3 |
–1.4 |
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Financial market shocks: |
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25% decrease in equity values |
–1.0 |
–1.0 |
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–0.2 |
–0.2 |
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0.0 |
0.0 |
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–0.3 |
–0.3 |
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–2.0 |
–2.0 |
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25% decrease in property values |
–1.2 |
–1.2 |
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–0.1 |
–0.1 |
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0.0 |
0.0 |
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0.0 |
0.0 |
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–1.4 |
–1.4 |
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50bps increase in credit spreads |
n/a |
–0.4 |
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n/a |
–0.8 |
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n/a |
–0.1 |
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n/a |
–0.6 |
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n/a |
–1.9 |
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Change in reference rates |
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Increase by 50bps |
n/a |
0.3 |
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n/a |
–0.2 |
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n/a |
0.0 |
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n/a |
0.0 |
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n/a |
0.1 |
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Decrease by 50bps |
n/a |
–0.3 |
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n/a |
0.2 |
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n/a |
0.0 |
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n/a |
0.0 |
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n/a |
–0.1 |
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Inclusion of a liquidity premium in the valuation of EVM net insurance liabilities: |
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Set reference rates equal to government rates plus 10bps |
n/a |
0.2 |
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n/a |
0.2 |
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n/a |
0.0 |
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n/a |
0.2 |
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n/a |
0.6 |
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Set reference rates equal to government rates plus 50bps |
n/a |
1.0 |
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n/a |
0.8 |
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n/a |
0.1 |
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n/a |
0.9 |
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n/a |
2.9 |
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Set reference rates equal to government rates plus 100bps |
n/a |
2.0 |
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n/a |
1.5 |
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n/a |
0.3 |
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n/a |
1.7 |
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n/a |
5.5 |
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Reduce lapse rates by 10% |
n/a |
n/a |
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0.1 |
0.7 |
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n/a |
n/a |
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0.0 |
0.1 |
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0.1 |
0.8 |
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Mortality and morbidity rates reduced by 5%:2 |
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Mortality |
n/a |
n/a |
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0.2 |
3.3 |
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n/a |
n/a |
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0.0 |
0.1 |
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0.2 |
3.3 |
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Longevity |
n/a |
n/a |
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0.0 |
–0.3 |
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n/a |
n/a |
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0.0 |
–0.1 |
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0.0 |
–0.4 |
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Morbidity |
n/a |
n/a |
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0.2 |
0.9 |
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n/a |
n/a |
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0.0 |
0.0 |
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0.2 |
0.9 |
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Remove all allowance for future mortality improvement:3 |
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Mortality |
n/a |
n/a |
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–0.2 |
–9.3 |
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n/a |
n/a |
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0.0 |
–0.2 |
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–0.2 |
–9.5 |
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Longevity |
n/a |
n/a |
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0.1 |
0.8 |
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n/a |
n/a |
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0.0 |
0.2 |
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0.1 |
1.0 |
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Increase future mortality improvement assumption by 100bps p.a.:4 |
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Mortality |
n/a |
n/a |
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0.1 |
7.2 |
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n/a |
n/a |
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0.0 |
0.2 |
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0.1 |
7.4 |
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Longevity |
n/a |
n/a |
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–0.1 |
–0.7 |
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n/a |
n/a |
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0.0 |
–0.2 |
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–0.1 |
–1.0 |
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Change in weighted average term to settlement: |
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Increase by 10% |
0.1 |
0.5 |
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n/a |
n/a |
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0.0 |
0.1 |
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n/a |
n/a |
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0.1 |
0.5 |
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Decrease by 10% |
–0.1 |
–0.5 |
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n/a |
n/a |
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0.0 |
–0.1 |
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n/a |
n/a |
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–0.1 |
–0.5 |
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Projected future claims cost: |
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Increase new business claims by 10% |
–1.0 |
–1.0 |
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n/a |
n/a |
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–0.2 |
–0.2 |
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n/a |
n/a |
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–1.1 |
–1.1 |