Pre-tax profit increased by 5% to CHF676m for H1 17 compared to the same period last year. Net earned premiums were down by 9% to CHF7.5bn for H1 17. Investment income declined by 2% to CHF2.2bn for H1 17 compared to H1 16. Total income was down by 7% to CHF10.7bn for H1 17 compared to H1 16. Insurance benefits and claims declined by 12% to CHF8.0bn for H1 17 compared to H1 16. Total expenses decreased by 8% to CHF9.9bn in the same period. Net profit attributable to common shares was up by 4%
16 Aug 2017
Good H1 17 earnings and premium decrease
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Good H1 17 earnings and premium decrease
Swiss Life Holding AG (0QMG:LON) | 0 0 (-0.3%) | Mkt Cap: 11,413m
- Published:
16 Aug 2017 -
Author:
Dieter Hein -
Pages:
2
Pre-tax profit increased by 5% to CHF676m for H1 17 compared to the same period last year. Net earned premiums were down by 9% to CHF7.5bn for H1 17. Investment income declined by 2% to CHF2.2bn for H1 17 compared to H1 16. Total income was down by 7% to CHF10.7bn for H1 17 compared to H1 16. Insurance benefits and claims declined by 12% to CHF8.0bn for H1 17 compared to H1 16. Total expenses decreased by 8% to CHF9.9bn in the same period. Net profit attributable to common shares was up by 4%