Pre-tax profit increased by 41% to CHF382m for H1 17 compared to the same period last year. H1 16 was burdened by the addition of CHF54.8m to reserves in the German non-life business. Net premiums earned were slightly up by 0.4% to CHF3.9bn. Investment income declined by 8% to CHF716m for H1 17 compared to H1 16. Realised gains and losses on investments rose from CHF93m for H1 16 to CHF433m for H1 17 (CHF366m for H1 15). Overall income increased by 7.5% to CHF5.2bn for H1 17 compared to H1 16
30 Aug 2017
Higher H1 profit due to less reserve needs
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Higher H1 profit due to less reserve needs
Baloise-Holding AG (0QQ3:LON) | 0 0 0.1% | Mkt Cap: 7,154m
- Published:
30 Aug 2017 -
Author:
Dieter Hein -
Pages:
2
Pre-tax profit increased by 41% to CHF382m for H1 17 compared to the same period last year. H1 16 was burdened by the addition of CHF54.8m to reserves in the German non-life business. Net premiums earned were slightly up by 0.4% to CHF3.9bn. Investment income declined by 8% to CHF716m for H1 17 compared to H1 16. Realised gains and losses on investments rose from CHF93m for H1 16 to CHF433m for H1 17 (CHF366m for H1 15). Overall income increased by 7.5% to CHF5.2bn for H1 17 compared to H1 16