Pre-tax profit was up by 29% to CHF263m for H1 17 compared to H1 16. Net premiums earned decreased by 2% to CHF4.1bn in H1 17. Investment result rose by 28% to CHF599m for H1 17 due to gains on group investments instead of losses for H1 16. Overall income rose by 3% to CHF4.86bn for H1 17 compared to H1 16. Total expenses were up by 1% to CHF4.6bn in the same period. The net combined ratio of the non-life business improved from 91.9% for H1 16 to 91.3% for H1 17. The tax ratio normalised from
04 Sep 2017
Good H1 earnings
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Good H1 earnings
Pre-tax profit was up by 29% to CHF263m for H1 17 compared to H1 16. Net premiums earned decreased by 2% to CHF4.1bn in H1 17. Investment result rose by 28% to CHF599m for H1 17 due to gains on group investments instead of losses for H1 16. Overall income rose by 3% to CHF4.86bn for H1 17 compared to H1 16. Total expenses were up by 1% to CHF4.6bn in the same period. The net combined ratio of the non-life business improved from 91.9% for H1 16 to 91.3% for H1 17. The tax ratio normalised from