The mixed fortunes of the 2009 trading year (2)

Summary of the results published by the main insurance companies operating on the Swiss market: Allianz Group, Suva, Helvetia, Bâloise, Generali (group), Allianz Suisse
 


Allianz Group – (figures in EUR)

  • Net premiums collected are down by 1% to 59.857 billion (versus 60.444 billion in 2008)
  • Net profits are up by 13% to 4.7 billion (CHF 6.8 billion) versus 4.2 billion in 2008 (CHF 6.1 billion)
  • The solvency ratio is up by 7 points to 164%
  • The combined ratio stands at 97.4% (versus 95.1%)
  • The dividend is up by 17% at 4.10 (versus 3.50 in 2008)
  • S&P rating: AA/stable/--


Suva – (figures in CHF – provisional results)

  • The financial cover (ratio between capital and commitments) amounts to 117% (versus 107.8% in 2008)
  • The book value of the financial investments stands at 32 billion (versus 29.3 billion in 2008) with a performance of 12% (+12.2% in 2008)
  • More than 100,000 persons are paid invalidity or widow’s annuities which are guaranteed by the financing of fixed assets
  •  The annuities granted fell by 7.3% and their cost fell by 9.8% to 569 million (versus 631 million in 2008)
  • The detailed and final results will be presented on 11 June, after the approval of the accounts by the Board of Directors.


Helvetia – (figures in CHF)

  • Premiums collected are up by 17.5% to 6.711 billion (versus 5.712 billion in 2008)
  • Net profits are up by 39.1% to 320.5 million (versus 230.5 million in 2008)
  • The [net] ratio of claims and costs stands at 91.8% (versus 89.1% in 2008)
  • The financial cover stands at 128.4% (versus 125.2% in 2008)
  • The combined ratio is 91.8% (versus 89.1% in 2008)
  • The solvency margin is 223% (versus 208% in 2008)
  • The dividend has been raised to 14.50 (versus 13.50 in 2008)
  • S&P rating: A-/stable/--


Bâloise – (figures in CHF)

  • Gross premiums collected are down by 1.3% to 6,859.3 million (versus 6,953.9 million in 2008)
  • Investment premiums amount to 2,905.5 million (versus 904.4 million in 2008)
  • Net profits are up by 8.9% to 421 million (versus 386.7 million in 2008)
  • The solvency ratio amounts to 230% (versus 196% in 2008)
  • The combined ratio stands at 94.4% (versus 90.9% in 2008)
  • The proposed dividend is 4.50 per share (unchanged)
  • S&P rating: A-/stable/-- (from AA-/negative/--)


Generali (group) – (figures in EUR)

  • Net earnings are up by 52% to 1,309.1 million (CHF 1.9 billion) versus 860.9 million in 2008 (CHF1.3 billion)
  • Net premiums taken are up by 3.3% to 64.04 billion (CHF 92.8 billion) versus 61.98 billion in 2008 (CHF 89.9 billion)
  • The combined ratio stands at 98.3% (versus 96.4% in 2008)
  • The solvency index (Solvency I) stands at 128% (versus 123% in 2008)
  • Proposed dividend: 0.35 (versus 0.15 in 2008)
  • S&P rating: AA-/stable/--


Allianz Group Switzerland (figures in CHF)

  • Net premiums taken are up by 1.6% to 1700.2 million (versus 1673 million in 2008)
  • Life premiums taken are up by 7% to 2006.1 million (versus 1875.7 million in 2008)
  • Consolidated net profits are down by 21% to 172.1 million (versus 207.8 million in 2008)
  • The combined ratio (non-life) stands at 93.1% (versus 93.2% in 2008)
  • S&P rating: AA-/stable/--



Sources:
- Allianz Group (25 February)
- Suva (8 March)
- Helvetia (18 March)
- Bâloise (18 March)
- Generali – group (18 March)
- Allianz Switzerland (23 March)

 

Forthcoming announcements:

  • Swiss Life ( 30 March 2010)
  • Vaudoise Assurances (14 April 2010)
  • Groupe Mutuel (final – 15 April 2010)
  • Helvetia (15 April 2010)

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