A difficult year 2008 … (5th period)

Overview of published results of leading insurers on the Swiss market: Swiss Life, Nationale Suisse, ZFS, Generali Suisse, CSS and Vaudoise.

• Net profit of 345 million (against 1.368 billion in 2007)
• Net premium income 13.254 billion (13.316 in 2007)
• Financial result 451 million (against 4.925 billion in 2007)
• Operating losses of 842 million (against a profit of 1.013 billion in 2007)
• Solvency rate 159%
• Proposed dividend 5.00 (17.00 in 2007)
• Sale of Belgian and Dutch activities and also of Banca del Gottardo for a total of 1.4 billion
• Swiss Life holds 24.3% of MLP (financial services) of which it sells 8.4% to Talanx (the 3rd largest German insurer) increasing its participation in Swiss Life from 2.9% to 9.9%.
• Rating S&P BBB+ stable

• Premium volume 1,670 million (against 1,869 in 2007)

• Non-Life insurance 83.304 million (80.034 in 2007)
• Life insurance 11.177 million (22.897 in 2007)
• Profit 73.7 million (88.2 million in 2007)
• Investment results 232.8 million (321.1 in 2007)
• Combined ratio 97.7 % (against 101.9% in 2007)
• A stock split (1:20) will be proposed at the General Meeting on 18 May, with the aim of improving  share negotiability. Face value, currently at 8.00, will be reduced to 0.40.
• Instead of paying a cash dividend, a dividend in shares will be offered by issuing bonus shares.
• Rating S&P NR (not rated)

• Gross written premiums 51.894 billion (against 47.456 in 2007)
• Combined ratio 98.1% (95.6% in 2007)
• Solvency ratio higher than 164%
• Net profits (after tax) 3.116 billion (5.797 in 2007)
• Dividend 11.00 (15.00 in 2007)
• Cost reductions of around 200 million are forecasted in 2009.
• Rating S&P AA-/negative (Zurich Insurance Company)
• Rating S&P A/negative (Zurich Group Holding)

• Net profit of 53.4 million (against 137.3 in 2007)
• Gross premium volume 2,116.7 million (2,111.4 million in 2007)
• Non-Life insurance 753.1 million
• Life insurance 1,358.6 million
• Combined ratio 91.7% (92.7% in 2007)

• Rating S&P AA-/stable

• Insurance products 4,642 million (against 3,411 in 2007)
• Insurance benefits 4,264 million (3,092 in 2007)
• Loss of 87.6 million over the year (against a profit of 40.9 million in 2007)
• Performance of investments -6% (+0.9% in 2007)
• LAMal Reserves 12.2% (16.3% in 2007)
• Combined ratio 104.5% (102.8% in 2007)
• No2 in health insurance in Switzerland. Thanks to the merger with Intras, the actual number of people insured rose from 1,242 million in 2007 to 1,662 million in 2008.

• Gross written premiums 1,787.9 million (against 1,819.3 in 2007)
• Premiums life gross 1,114.5 million (1,133.1 in 2007)
• Premiums non-life gross 673.4 million (686.2 in 2007)
• Net profit 142,2 million (88.3 in 2007)
• Combined ratio 94.1%
• Solvency margin 232.6%
• Proposed dividend 6.00 (against 5.00 in 2007)

• Swiss Life (24.03)
• Nationale Suisse (01.04)
• ZFS (02.04)
• Generali Suisse (07.04)
• CSS (21.04)
• Vaudoise (22.04)