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2014-05-19

Nationale Suisse: Annual General Meeting of Swiss National Insurance Company Ltd

Nationale Suisse / Annual General Meeting of Swiss National Insurance Company
Ltd. Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer
is solely responsible for the content of this announcement.
At today's Annual General Meeting of Swiss National Insurance Company Ltd, the
shareholders passed all motions proposed by the Board of Directors. They
agreed to the payment of a dividend of CHF 2.50 per share, approved the
compensation report in a consultative vote and endorsed a continuation of
authorised share capital. The Chairman of the Board of Directors Andreas von
Planta and the other former members of the Board who were standing for
re-election were individually confirmed in office. In addition, Gabriela
Maria Payer was elected to the Board of Directors. The Nationale Suisse Group
presented shareholders with a cautiously optimistic outlook for 2014.

The Annual General Meeting of Swiss National Insurance Company Ltd in Basel
was attended by 239 shareholders, representing 4 841 006 registered shares.
Including shares represented by proxy, a total of 7 314 849 votes were
represented, which corresponds to 65.00% of voting shares and 33.17% of total
share capital.

Higher dividend and 2013 reports approved
The shareholders agreed to the distribution of a cash dividend of CHF 2.50 per
share with a dividend yield of 3.9% (previous year: dividend of CHF 1.70 per
share). They also approved the Nationale Suisse Group's annual report, the
annual financial statements and the consolidated financial statements for
2013. As in previous years, the Annual General Meeting approved the 2013
compensation report in a consultative vote, with 95.8% (previous year: 95.6%)
voting in favour. All the requirements of the new Swiss Ordinance against
excessive pay in stock exchange listed companies (VegüV) will have been
implemented by the end of 2015, on time and in accordance with the law.

Continuation of authorised share capital agreed
Furthermore, the Board of Directors proposed to the Annual General Meeting a
continuation of the authorised share capital at its previous level of CHF 2.8
million and under the previous conditions. The shareholders gave their
consent to this.

Board of Directors and Nomination&Compensation Committee: re-elections and one
new face
The shareholders elected Gabriela Maria Payer, Head of Education and a member
of the Management Board of the Swiss Finance Institute as well as Managing
Director of the consultancy firm PAYERPARTNER, to join the Board of
Directors. Bruno Meyenhofer was not available for re-election. The Chairman
of the Board Andreas von Planta and the other former members of the Board of
Directors were re-elected individually for a term of office lasting until the
close of the 2015 Annual General Meeting. In addition, the former members of
the Nomination&Compensation Committee were endorsed for the same term of
office in individual elections and Gabriela Maria Payer was also elected.

Cautiously positive outlook
Hans Künzle, CEO of Nationale Suisse, presented the shareholders with a
cautiously positive outlook for the current financial year: "The renewals
concluded at the start of the year were in line with our expectations. Now we
intend to take advantage of our greater presence in the emerging markets and
our excellent capital base to drive forward profitable growth. However,
Nationale Suisse continues to operate in a difficult market environment in
2014."

Brief portrait
Gabriela Maria Payer

Dr phil. (University of Zurich)
Born 1962, Swiss citizen

Gabriela Maria Payer held numerous management roles at UBS AG from 1993 to
2012. After holding the function of Head of Marketing Retail Banking she
headed up the reorganisation of the Region Switzerland and its distribution
channels, set up e-banking for the bank and in 2004 took on worldwide
responsibility for education and personnel development. In 2005 she became
Head of Human Resources for Global Wealth Management&Business Banking and in
2009 founded the UBS Business University, for which she had responsibility
throughout the whole Bank. Since 2012 she has been Head of Education and a
member of the Management Board of the Swiss Finance Institute and manages the
consultancy firm PAYERPARTNER for strategic business development. She is also
a member of the Advisory Boards of CEO Positions AG and MakingScienceNews AG.

Further information
Brief portraits of all members of the Board of Directors are available at:
www.nationalesuisse.com/board-of-directors

Pictures can be downloaded at:
www.nationalesuisse.com/press-photos

Brief profile
Nationale Suisse is an innovative, international and independent Swiss
insurance group providing first-rate risk and pension solutions in non-life
and life business as well as a growing number of tailored specialty lines
products. Consolidated gross premiums came to CHF 1.5 billion in 2013. The
Group comprises the parent company and about 20 subsidiaries and branch
offices for focused product lines in Switzerland, Italy, Spain, Germany,
Belgium, Liechtenstein, Turkey, Asia and Latin America. The headquarters of
Swiss National Insurance Company Ltd are in Basel. Nationale Suisse is listed
on the SIX Swiss Exchange (NATN). On 31 December 2013, the Group employed 1
918 staff (full-time equivalents).

----------------------------------------------------------------------------------------------------
|Information |
|Remo Meier Nationale Suisse |
|Investor Relations Steinengraben 41 |
|Phone +41 61 275 22 45 4003 Basel |
|Fax +41 61 275 22 21 Switzerland |
|investor.relations@nationalesuisse.com www.nationalesuisse.com/investor-relations |
| |
|Christina Wahlstrand-Hartmann Nationale Suisse |
|Media Relations Steinengraben 41 |
|Phone +41 61 275 28 11 4003 Basel |
|Fax +41 61 275 22 21 Switzerland |
|media.relations@nationalesuisse.com www.nationalesuisse.com/media-relations |
| |
|Key dates |
|Publication of the Interim Report 03.09.2014 |
|Media conference to announce interim financial results 03.09.2014 |
| |
|at Widder Hotel, Zurich |
|Financial analysts' conference at Widder Hotel, Zurich 03.09.2014 |
----------------------------------------------------------------------------------------------------

Disclaimer and exclusion of liability
The purpose of this press release is to inform the public about certain events
or developments arising from the company's business. The information
published in this article is not an advertisement, offer or recommendation to
engage in transactions involving securities or other products of Nationale
Suisse or any other type of transaction. This press release may contain
certain forward-looking statements. Even if these forward-looking statements
reflect the opinion and expectations of Nationale Suisse, a number of risks,
uncertainties and other important factors may lead to actual developments and
results differing strongly from the expectations of Nationale Suisse. It is
pointed out expressly that the statements and projections contained in this
press release are selective in nature. Nationale Suisse provides no
guarantee, either explicitly or implicitly, regarding the accuracy and
completeness of the statements and forecasts published in this press release.
Neither Nationale Suisse nor its executive bodies or senior managers accept
any liability for any damage or losses arising directly or indirectly from
the use of this press release. Unless otherwise provided by applicable
binding law Nationale Suisse is under no obligation to update or amend the
statements contained in this press release, be it in response to new
information, future events or any other reasons.

Updated post-publication information is available on our
websitewww.nationalesuisse.com. You may find further details and forecasts
about the business of Nationale Suisse there.

Press release
http://hugin.info/100296/R/1785968/613427.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nationale Suisse via Globenewswire

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