Insurance & Reinsurance equity research

Explore the most viewed and latest equity research and media content for companies within the Insurance & Reinsurance sector. Stocks in this sector provide insurance and broker services within life insurance, full line, and reinsurance.

Insurance & Reinsurance equity research

Explore the most viewed and latest equity research and media content for companies within the Insurance & Reinsurance sector. Stocks in this sector provide insurance and broker services within life insurance, full line, and reinsurance.

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Helvetia Holding

Good 2018 results despite weak equity market, share split 1 to 5

Pre-tax profit was up by 7% to CHF548m for FY2018 compared to FY2017. Net premiums earned were up by 5% to CHF8.45bn for 2018 compared to 2017. Investment income declined by 3% to CHF987m for 2018. Realised gains and losses on investments were a loss of CHF193m for 2018 compared to a profit of CHF347m for 2017. Total investment result decreased by 41% to CHF794m for 2018. Overall, income decreased by 6% to CHF9.15bn for 2018 compared to 2017. Total expenses were down by 6% to CHF8.6bn in the same period. The net combined ratio of the non-life business was 91.0% for 2018 compared to 91.8% for 2017. Net profit increased by 7% to CHF431m in 2018 compared to 2017. Net profit attributable to shareholders (after interest for preferred securities) rose by 7% to CHF414m in the same period. Total equity decreased by 2.5% to CHF5.1bn at the end of 2018 compared to the end of 2017. RoE after tax was 8.1% for 2018 compared to 7.8% for 2017. Helvetia said that the SST ratio was above 200% and therefore in the target range of 180% to 240% at the end of 2018. The proposed dividend rose from CHF23.00 for FY2017 to CHF24.00 per share for FY2018. Helvetia will also propose a share split with a ratio of 1 to 5. This should take account of the strong price development over recent years as well as the high price level and ensure the share remains accessible to a broad group of investors as an attractive security.

  • 06 Mar 19
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