Pre-tax profit was down by 5% to CHF211m for H1 16 compared to H1 15. Net premiums earned were up by 6% to CHF5.3bn. Investment income declined by 11% to CHF466m for H1 16 due to higher losses on group investments (equities). Overall income rose by 1.5% to CHF4.72bn for H1 16 compared to H1 15. Total expenses were up by 1.7% to CHF4.51bn in the same period. The net combined ratio of the non-life business improved from 92.4% for H1 15 to 91.9% for H1 16. The tax ratio came down from 23% for H1
05 Sep 2016
Solid H1 figures
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Solid H1 figures
Pre-tax profit was down by 5% to CHF211m for H1 16 compared to H1 15. Net premiums earned were up by 6% to CHF5.3bn. Investment income declined by 11% to CHF466m for H1 16 due to higher losses on group investments (equities). Overall income rose by 1.5% to CHF4.72bn for H1 16 compared to H1 15. Total expenses were up by 1.7% to CHF4.51bn in the same period. The net combined ratio of the non-life business improved from 92.4% for H1 15 to 91.9% for H1 16. The tax ratio came down from 23% for H1