Annual Results 2017
|Gross premiums written (non-life)||3,140.7||3,229.3||2.8|
|Gross premiums written (life)||3,570.9||3,512.0||– 1.6|
|Sub-total of IFRS gross premiums written1||6,711.6||6,741.3||0.4|
|Total business volume||8,910.8||9,260.8||3.9|
|Operating profit (loss)|
|Consolidated profit / loss for the period before borrowing costs and taxes|
|Other activities||– 31.0||– 78.5||153.2|
|Consolidated profit for the period||533.9||531.9||– 0.4|
|Ratios (Per cent)|
|Return on equity (RoE)||9.7||8.9||–|
|Gross combined ratio (non-life)||91.1||90.2||–|
|Net combined ratio (non-life)||92.2||92.3||–|
|New business margin (life)||21.3||33.4||–|
|Investment performance (insurance)3||3.1||2.5||–|
|Embedded value of life insurance policies|
|Embedded value (MCEV)||4,409.4||4,896.8||11.1|
|Annual premium equivalent (APE)||322.1||376.8||17.0|
|Value of new business||68.5||125.8||83.6|
|Key figures on the Company's shares|
|Shares issued (units)||50,000,000||48,800,000||– 2.4|
|Basic earnings per share4 (CHF)||11.53||11.50||– 0.3|
|Diluted earnings per share4 (CHF)||11.22||11.48||2.3|
|Equity per share4 (CHF)||123.8||133.2||7.6|
|Closing price (CHF)||128.30||151.70||18.2|
|Market capitalisation (CHF million)||6,415.0||7,403.0||15.4|
|Dividend per share5 (CHF)||5.20||5.60||7.7|
1 Premiums written and policy fees (gross).
2 Of which deferred gains / losses from other operating segments (31 December 2016: CHF -2.0 million; 31 December 2017: CHF 14.5 million).
3 Excluding investments for the account and at the risk of life insurance policyholders.
4 Calculation is based on the profit for the period attributable to shareholders and the equity attributable to shareholders.
5 2017 based on the proposal submitted to the Annual General Meeting.