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Facts & Figures 2019
Nacional de Reaseguros, S.A. is an independent, professional reinsurer that has remained active since its foundation in 1939.
Its corporate purpose consists of the development of the Reinsurance activity in any of its branches or modalities, being its activity scope international.
Shareholders
Estrategy
Traditional approach to clients
• We offer an effective and efficient organization, capable to supply business expertise and high-quality services.
• We walk along with our clients, regardless of the size of the accounts.
• Quickness and flexibility are considered priority attributes in the response to the needs of our clients, either in standard reinsurance products or specialized tailor-made solutions.
Leadership in Spanish market
• After 80 years from its start, Nacional has reached and maintained a relevant leadership in the Spanish market.
Expansion in selected markets and clients
• Around 30% of the portfolio comes from outside Spain, mainly Europe.
11 Spanish Insurance Entities 15.1%
More than 100 private individuals 6.6%
Our portfolio reflects a strong competitive position
privately owned
100%
The complete version of the Annual Report is available at the Company’s website: www.nacionalre.es
Split by line of business 2019
(Year 2018)
(Year 2018)
Fire & Multirisks 42.7% (43.7%)
Motor & TPL17.8% (17.7%)
PA & Health6.2% (6.6%)
Life16.4% (15.9%)
Miscellaneous8.1% (7.3%)
Marine8.7% (8.7%)
Geographical split 2019
Premium by class of business 2019
Premium income
590.8million Euros
Retained premiums
79.9%International business
34.1%Spain 65.9% (66.9%)
Others3.2% (3.2%)
Benelux0.7% (0.5%)
U.K.0.5% (0.5%)
Portugal3.7% (3.6%)
France9.4% (9.2%)
Nordic2.9% (3.0%)
DACH*7.2% (6.3%)
Italy 6.4% (6.7%)
3 Private Holdings 78.3%
Proportional treaty76.8%Non
proportional treaty16.9%
Facultative6.30%
* DACH: Germany, Austria & Switzerland
Stable net Combined Ratio Consistent shareholder’s equity growth
Real Estate3.3% (0.9%)
Private Equities4.7% (4.9%)
Equities8.0% (9.6%)
Fixed Income57.5% (56.9%)
Money Market10.0% (11.1%)
Reinsurance Deposits16.5% (16.5%)
Rating
Strong security
Solid and consistent results before tax
ROE 12.1% in 2019 (after tax)
Stable Financial Earnings through a diversified and conservative investment portfolio
Investment Portfolio
(million Euros)
0
2015 2016 2017 2018 2019
10
20
30
40
50 47.4 47.041.1
47.752.0
Solvency II Ratio
2018 2019
258% 260%
(2018: 1,151.1 million Euros)
2015
91.5%91.7% 90.8%93.7%
91.0%
2016 2017 2018 2019
0
2015 2016 2017 2018 2019
50
100
150
300
200
350
250
400
305.2278.7
326.6350.6
375.9
(million Euros)
Total
1,209.2million Euros
Rating Outlook
S&P GLOBAL29/07/2019 A Stable
A.M. Best16/10/2019 A (Excellent) Stable
Directors
Honorary Chairman José María Sunyer Aldomá
Chairman José María Sunyer Sendra
Deputy chairman José Ruiz Domínguez
Members of the Board Ignacio Eyries García De Vinuesa
General de Análisis y Gestión, S.L. (permanent representative Borja García-Nieto Portabella)
Ignacio Izquierdo Saugar
Diogo Moraes Sunyer
Juan Antonio Sagardoy Bengoechea
Heliodoro Sánchez Rus
Lucía Sunyer Lachiondo
Isidoro Unda Urzáiz
Secretary to the Board (not a member of the Board) Juan Antonio Montoya Leal
Management
Chief Executive Officer Pedro Herrera Nogales
Chief Marketing Officer Joaquín Coll Pueyo
Chief Financial & Operating Officer Javier Melero Ameijide
Chief Underwriting & Actuarial Officer Miguel Ángel Mora García
Head of International Department David Santos Manzanares
Management
Chief Executive Officer Pedro Herrera Nogales
Chief Marketing Officer Joaquín Coll Pueyo
Chief Financial & Operating Officer Javier Melero Ameijide
Chief Underwriting & Actuarial Officer Miguel Ángel Mora García
Head of International Department David Santos Manzanares
Commercial Department
Chief Marketing Officer Joaquín Coll (jcp@nacionalre.es)
Head of International Department
David Santos (dsm@nacionalre.es)
Senior Client Manager Cristina Casals (ccd@nacionalre.es)
Senior Client Manager Andrea Schupler (asc@nacionalre.es)
Senior Client Manager Marta Ostolaza (mol@nacionalre.es)
Outwards Business
Head of Outwards Business
César Rodríguez (crz@nacionalre.es)
Legal Technical Advisor
Legal Technical Advisor Alberto Capsir (acp@nacionalre.es)
Underwriting Department
Life, PA & Health
Head of Life, PA & Health
Marcos Acosta (mac@nacionalre.es)
Senior Actuary Eduardo Folgado (efg@nacionalre.es)
Senior Actuary Almudena Gómez (agb@nacionalre.es)
Actuary Rafael Corrêa (rsc@nacionalre.es)
Risks Assessment Manager
Miguel Ángel Pinilla (mpl@nacionalre.es)
Property, Casualty & Marine
Head of Property, Casualty & Marine
Unai Baquero (ubg@nacionalre.es)
Head of Liability Laura Reneses (lrm@nacionalre.es)
Senior Underwriter Property & Engineering
Miguel Ángel Conde (mcm@nacionalre.es)
Senior Underwriter Property & Engineering
Gonzalo Camarero (gcg@nacionalre.es)
Head of Marine David Rosado (drp@nacionalre.es)
Motor & Non Proportional Business
Head of Motor & Non Proportional Business
Fernando Torralba (ftv@nacionalre.es)
Actuary Javier Motino (jmm@nacionalre.es)
Strengths
• Traditional continental European reinsurer.
• Long term approach guaranteeing a reliable partnership .
• Multiservice reinsurer: Life & Non Life, proportional & non-proportional, treaty & facultative.
• Flexibility and quickness in attending client needs.
Services
• Tailor made solutions in Life & Non-Life Business.
• Strong facultative support.
• Reinsurance Optimization Analysis.
• Quoting per risk treaties in all LOB in selected European markets.
• Underwriting Tools.
Nacional de Reaseguros, S.A.
Main figures 2019 Million Euros Increase
Income
Gross Premium Income 590.8 4.1%
Net Investment Results 19.7 42.9%
Total income 610.5 5.0%
Investment Assets 1,209.2 5.0%
Shareholders’ funds 375.9 7.2%
Net Results for the year 40.2 8.9%
Zurbano, 828010 MadridTel.: +34 913 081 412nr@nacionalre.es
nacionalre.es
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Graphic report. V Centennial: First round the world of Magallanes-Elcano ©Archivo Fotográfico Shutterstock; ©Archivo Fotográfico Wikipedia
Detail of the cartographic map of Abraham Ortelius, 1589
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