Pre-tax profit was up by 7% to CHF548m for FY2018 compared to FY2017. Net premiums earned were up by 5% to CHF8.45bn for 2018 compared to 2017. Investment income declined by 3% to CHF987m for 2018. Realised gains and losses on investments were a loss of CHF193m for 2018 compared to a profit of CHF347m for 2017. Total investment result decreased by 41% to CHF794m for 2018. Overall, income decreased by 6% to CHF9.15bn for 2018 compared to 2017. Total expenses were down by 6% to CHF8.6bn in the
06 Mar 2019
Good 2018 results despite weak equity market, share split 1 to 5
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Good 2018 results despite weak equity market, share split 1 to 5
Pre-tax profit was up by 7% to CHF548m for FY2018 compared to FY2017. Net premiums earned were up by 5% to CHF8.45bn for 2018 compared to 2017. Investment income declined by 3% to CHF987m for 2018. Realised gains and losses on investments were a loss of CHF193m for 2018 compared to a profit of CHF347m for 2017. Total investment result decreased by 41% to CHF794m for 2018. Overall, income decreased by 6% to CHF9.15bn for 2018 compared to 2017. Total expenses were down by 6% to CHF8.6bn in the