• Net profit attributable to shareholders declined by 55% to CHF178m for H1 20 due to COVID-19 net claims of CHF63m and a negative tax swing of CHF129m due to a positive one-off tax effect in H1 19 • Net premiums earned were down by 13% to CHF3.9bn for H1 20 compared to H1 19 due to a positive one-off effect in 2019
27 Aug 2020
Disappointing H1 20 results burdened by one-offs
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Disappointing H1 20 results burdened by one-offs
Baloise-Holding AG (0QQ3:LON) | 0 0 0.1% | Mkt Cap: 7,154m
- Published:
27 Aug 2020 -
Author:
Dieter Hein -
Pages:
3
• Net profit attributable to shareholders declined by 55% to CHF178m for H1 20 due to COVID-19 net claims of CHF63m and a negative tax swing of CHF129m due to a positive one-off tax effect in H1 19 • Net premiums earned were down by 13% to CHF3.9bn for H1 20 compared to H1 19 due to a positive one-off effect in 2019