Pre-tax profit was down by 14% to CHF396m for FY2015 compared to FY2014. Net premiums earned were up by 5% to CHF7.8bn. Investment income was mainly unchanged at CHF988m for FY2015. Realised gains and losses on investments were CHF117m for 2015 compared to CHF283m for 2014. Overall income rose by 1% to CHF9.1bn for 2015 compared to 2014. Total expenses were up by 2% to CHF8.7bn in the same period. The net combined ratio of the non-life business improved from 93.5% for 2014 to 92.1% for 2015.
14 Mar 2016
New strategy 2020, satisfying underlying profit in 2015
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New strategy 2020, satisfying underlying profit in 2015
Pre-tax profit was down by 14% to CHF396m for FY2015 compared to FY2014. Net premiums earned were up by 5% to CHF7.8bn. Investment income was mainly unchanged at CHF988m for FY2015. Realised gains and losses on investments were CHF117m for 2015 compared to CHF283m for 2014. Overall income rose by 1% to CHF9.1bn for 2015 compared to 2014. Total expenses were up by 2% to CHF8.7bn in the same period. The net combined ratio of the non-life business improved from 93.5% for 2014 to 92.1% for 2015.