Pre-tax profit was down by 13% to CHF209m for H1 15 compared to H1 14. Net premiums earned were up by 10% to CHF5.0bn. Investment income declined by 10% to CHF522m for H1 15 due to currency effects and the low interest rate environment. Overall income rose by 6% to CHF4.65bn for H1 15 compared to H1 14. Total expenses were up by 7% to CHF4.42bn in the same period. The net combined ratio of the non-life business improved from 94.0% for H1 14 to 92.4% for H1 15. Net attributable profit decrease
01 Sep 2015
Solid underlying profit
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Solid underlying profit
Pre-tax profit was down by 13% to CHF209m for H1 15 compared to H1 14. Net premiums earned were up by 10% to CHF5.0bn. Investment income declined by 10% to CHF522m for H1 15 due to currency effects and the low interest rate environment. Overall income rose by 6% to CHF4.65bn for H1 15 compared to H1 14. Total expenses were up by 7% to CHF4.42bn in the same period. The net combined ratio of the non-life business improved from 94.0% for H1 14 to 92.4% for H1 15. Net attributable profit decrease