Annual Report 2012 - Swiss Life

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28 Corporate Governance Talanx AG, Riethorst 2, 30659 Hanover, Germany, reported in the publication of 23 February 2011 regarding a change in the composition of the Group subject to reporting requirements that it held 2 974 688 shares of Swiss Life Holding, equivalent to 9.27% of the voting rights. The group consists of: Talanx Beteiligungs-GmbH & Co. KG, Riethorst 2, 30659 Hanover and AmpegaGerling Investment GmbH, Charles-de-Gaulle-Platz 1, 50679 Cologne. Talanx Beteiligungs-GmbH & Co. KG is managed by the beneficial owner (HDI Haftpflichtverband der Deutschen Industrie V.a.G, Riethorst 2, 30659 Hanover) as follows: The limited partner is Talanx AG, Riethorst 2, 30659 Hanover. The sole shareholder of Talanx AG is the beneficial owner (HDI V.a.G.). The general partner is Gerling Beteiligungsgesellschaft mbH, Charles-de-Gaulle-Platz 1, 50679 Cologne. Talanx AG is Gerling Beteiligungsgesellschaft mbH’s sole partner. AmpegaGerling Investment GmbH is managed by the beneficial owner as follows: 94.9% is controlled by AmpegaGerling Asset Management GmbH, Charles-de-Gaulle-Platz 1, 50679 Cologne (Talanx AG is AmpegaGerling Asset Management GmbH’s sole partner) and 5.1% by Alstertor Erste Beteiligungs- und Investitionssteuerungs-GmbH & Co. KG, Hamburg. Alstertor’s sole limited partner is Talanx AG. No disclosure reports were received from Talanx in the year under review. BlackRock Inc., 40 East 52 nd Street, New York 10022, USA, reported various instances when shareholdings exceeded or fell below the three per cent threshold during the year under review. These were published on 28 March, 22 May, 27 September, 3 October, 2 November and lastly on 13 December 2012. In its final disclosure for the year under review of 13 December 2012, BlackRock reported that a group consisting of BlackRock Asset Management Australia Limited, Level 43, 225 George Street, Sydney, Australia, BlackRock Investment Management (Australia) Limited, Level 18, 120 Collins Street, Melbourne VIC 3000, Australia, BlackRock Japan Co., Ltd., 24F, Sapia Tower, 1-7-12, Marunouchi, Chiyoda-ku, Tokyo 100-0005, Japan, BlackRock Institutional Trust Company, National Association, 400 Howard Street, San Francisco CA 94105, USA, BlackRock Fund Advisors, 400 Howard Street, San Francisco CA 94105, USA, BlackRock Asset Management Canada Limited, 161 Bay Street, Suite 2500, Toronto, Ontario M5J 2S1, Canada, BlackRock Financial Management, Inc., 40 East 52 nd Street, New York NY 10055, USA, BlackRock Investment Management, LLC, 1 University Square Drive, Princeton NJ 08540, USA, BlackRock Asset Management Deutschland AG, Max-Joseph-Strasse 6, 80333 Munich, Germany, BlackRock Fund Managers Limited, 12 Throgmorton Avenue, London EC2N 2DL, United Kingdom, BlackRock Investment Management (UK) Limited, 12 Throgmorton Avenue, London EC2N 2DL, United Kingdom, BlackRock Advisors, LLC, 100 Bellevue Parkway, Wilmington DE 19808, USA, BlackRock (Netherlands) B.V., Rembrandt Tower, 17 th Floor, Amstelplein, Amsterdam, Netherlands, BlackRock Asset Management Ireland Limited, International Financial Services Centre, Dublin 1, Ireland, Blackrock Advisors (UK) Limited, 12 Throgmorton Avenue, London EC2N 2DL, United Kingdom, BlackRock Life Limited, 12 Throgmorton Avenue, London EC2N 2DL, United Kingdom, BlackRock Investments Canada Inc., 2500, 450 1 st Street SW, Calgary, AB T2P 5H1 Canada, BlackRock International Limited, 12 Throgmorton Avenue, London EC2N 2DL, United Kingdom, and BlackRock (Luxembourg) S.A., 6D, Route de Trèves, Senningerberg, L-2633 Luxembourg, held a total of 991 959 shares of Swiss Life Holding, corresponding to 3.09% of the voting rights. Credit Suisse Funds AG, Kalandergasse 4, 8045 Zurich, Switzerland, reported in a publication of 5 December 2012 that it held 971 877 shares of Swiss Life Holding, equivalent to 3.029% of the voting rights and subsequently in a publication of 8 December 2012 that its shareholding had again fallen below the disclosure threshold of 3%. Swiss Life – Annual Report 2012
29 Corporate Governance No cross participations exceeding the three per cent threshold exist between Swiss Life Holding or its subsidiaries and other listed companies. SHAREHOLDER STRUCTURE On the balance sheet date a total of 178 688 shareholders and nominees were listed in the Swiss Life Holding share register, of which about 4200 were institutional shareholders. Taken together, the shareholders entered in the share register held around 54% of the shares issued. Over half of these shares were owned by shareholders domiciled in Switzerland. Around one third of the registered shares were in private hands. A table showing the shareholder structure is provided in the section “Share Performance and Historical Comparison” on page 251. Capital Structure CAPITAL AND CHANGES IN CAPITAL The capital structure of Swiss Life Holding was as follows on the balance sheet date: – Ordinary share capital: CHF 163 613 375.40, divided into 32 081 054 fully paid registered shares with a par value of CHF 5.10 each – Conditional share capital: CHF 12 032 868.60 divided into 2 359 386 registered shares with a par value of CHF 5.10 each – Authorised share capital: none The conditional share capital is at the disposal of the holders of conversion or option rights granted by Swiss Life Holding or by companies belonging to the Group in connection with straight bonds or similar bonds issued by Swiss Life Holding or companies belonging to the Group. The shareholders are excluded from subscription rights, but their preemptive subscription rights remain safeguarded. The Board of Directors sets the conversion and option conditions. Since the establishment of Swiss Life Holding on 17 September 2002, a number of capital market transactions have been conducted. A detailed description of the transactions carried out up to and including the end of 2009 can be found in the Corporate Governance section of the annual reports for the relevant years. The annual reports can be accessed at www.swisslife.com, “Investors” area, “Results & Reports” section, “Archive Reports” and “Annual Reports” subsections (www.swisslife.com/ annualreports). On 6 May 2010 the General Meeting of Shareholders of Swiss Life Holding decided to reduce the par value by CHF 2.40 per registered share. Consequently, the share capital fell to CHF 307 978 118.40, divided into 32 081 054 fully paid registered shares with a par value of CHF 9.60 each, and the conditional capital decreased to CHF 22 650 105.60, divided into 2 359 386 registered shares with a par value of CHF 9.60 each. No conversions were made in 2010 on the 0.625% convertible bond (2004–2010). On 5 May 2011 the General Meeting of Shareholders of Swiss Life Holding passed a resolution approving a par value reduction of CHF 4.50 per share from CHF 9.60 to CHF 5.10. The share capital thus Swiss Life – Annual Report 2012
Page 1: Swiss Life Group annual report 2012
Page 4 and 5: 4 Facts & Figures The Swiss Life
Page 6 and 7: 6 Shareholder’s Letter Dear Share
Page 8 and 9: 8 Summary of Group results Summary
Page 10 and 11: Amounts in CHF million 2012 2011 +/
Page 12 and 13: 12 Segment Reporting Segment Report
Page 14 and 15: 14 Segment Reporting New products l
Page 16 and 17: 16 Segment Reporting insurance Fran
Page 18 and 19: 18 Segment Reporting insurance Germ
Page 20 and 21: 20 Segment Reporting insurance inte
Page 22 and 23: 22 Segment Reporting Investment Man
Page 24 and 25: 24 Segment Reporting AWD The AWD Gr
Page 26 and 27: 26 Corporate Governance Corporate G
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Page 34 and 35: 34 Corporate Governance FRANK SCHNE
Page 36 and 37: 36 Corporate Governance HENRY PETER
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Page 62 and 63: 62 Corporate Governance SUPERVISORY
Page 64 and 65: 64 Risk Management Risk Management
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Number of shares 2012 2011 204 Cons
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In CHF million 2012 2011 228 Swiss
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As % of total share capital 31.12.2
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250 Share Performance and Historica
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252 Contacts and Publishing Details
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130 286 The future starts here. Swi
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