Annual Results 2016
|Gross premiums written (non-life)||3,050.0||3,140.7||3.0|
|Gross premiums written (life)||3,783.4||3,570.9||– 5.6|
|Sub-total of IFRS gross premiums written1||6,833.4||6,711.6||– 1.8|
|Total business volume||8,918.6||8,910.8||– 0.1|
|Operating profit (loss)|
|Consolidated profit / loss for the period before borrowing costs and taxes|
|Other activities||– 34.4||– 31.0||– 9.9|
|Consolidated profit for the period||511.1||533.9||4.5|
|Ratios (Per cent)|
|Return on equity (RoE)||9.3||9.7||–|
|Gross combined ratio (non-life)||92.5||91.1||–|
|Net combined ratio (non-life)||93.3||92.2||–|
|New business margin (life)||9.8||21.3||–|
|Investment performance (insurance)3||1.7||3.1||–|
|Embedded value of life insurance policies|
|Embedded value (MCEV)||3,876.2||4,409.4||13.8|
|Annual premium equivalent (APE)||367.0||322.1||– 12.2|
|Value of new business||36.1||68.5||89.8|
|Key figures on the Company's shares|
|Shares issued (units)||50,000,000||50,000,000||0.0|
|Basic earnings per share4 (CHF)||10.96||11.53||5.2|
|Diluted earnings per share4 (CHF)||10.65||11.22||5.4|
|Equity per share4 (CHF)||116.0||123.8||6.7|
|Closing price (CHF)||127.60||128.30||0.5|
|Market capitalisation (CHF million)||6,380.0||6,415.0||0.5|
|Dividend per share5 (CHF)||5.00||5.20||4.0|
1 Premiums written and policy fees (gross).
2 Of which deferred gains / losses from other operating segments (31 December 2015: CHF -3.3 million; 31 December 2016: CHF 2.0 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 2016 based on the proposal submitted to the Annual General Meeting.