The ups and downs of 2009 (3)

A summary of the results published by the leading insurance companies operating on the Swiss market: Swiss Life, CSS/Intras, Vaudoise Assurances, Groupe Mutuel, La Mobilière, Nationale Suisse, Visana and Sanitas:

Swiss Life  – (figures in CHF)

  • Gross premiums are up by 9.2% to 20.219 billion (versus 18.515 billion in 2008)
  • Net premiums collected are down by 10.2% to 12.135 billion (13.514 billion in 2008)
  • Net profit is down by 19.7% to 277 million (345 million in 2008)
  • Equity is up by 8.9% to 7.245 billion (6.652 billion in 2008)
  • The number of employees is down by 5.7% to 7,820 (8,291 in 2008)
  • The solvency ratio is up by 6 points to 164%
  • Dividend: 2.40 (5.00 in 2008)
  • S&P rating: BBB/Stable/--


CSS/Intras – (figures in CHF)

  • Insurance income is up by 2.5% to 4,759 million (4,642 million in 2008)
  • Indemnity benefits are up by 7% to 4,561 million (4,264 million in 2008)
  • Group losses of 195.4 million (versus a loss of 87.6 million in 2008)
    - i.e. a LAMal loss of 119.6 million (loss of 123.1 million in 2008)
    - i.e. an LCA profit of 18.3 million (profit of 35.2 million in 2008)
  • Other losses: 94.1 million (versus 0.3 million in 2008)
  • LAMal reserves (in % of net premiums) are down by 10.0% (12.2% in 2008)
  • Combined LAMal ratio of 109.1% (104.5% for 2008)
  • Combined LCA ratio of 101.7% (94.8% in 2008)
  • The total number of the insured went from 1.662 million to 1.744 in 2009
  • S&P rating: no rating


Vaudoise Assurances – (figures in CHF)

  • Net profit is down by 11% to 126.7 million (142.2 million in 2008)
  • The 2008 result was heavily influenced by the extraordinary income realised in the context of the transfer of Intras.
  • Gross premiums issued are up by 0.2% to 1.821 billion (versus 1.788 million in 2008)
  • Gross life premiums of 1.147 billion (versus 1.114 billion in 2008)
  • Gross non-life premiums are up by 0.2% to 674.2 million (674.3 million)
  • The Group’s solvency ratio: 273% (232.6% in 2008)
  • Proposed dividend: 6.00 (identical to 2008)
  • S&P rating : no rating


Groupe Mutuel – (figures in CHF – definitive results)

  • Global turnover of 3.1 billion (3.08 billion in 2008)
  • Positive results of 89.8 million for the health sector (+ 59 million in 2008)
  • Negative results of 7.5 million for basic insurance (loss of 112 million in 2008)
  • The total number of the insured is up by 25,000 to 900,000 as at 01.01.2010. This number, if we include the insured who only have complementary insurance, is in excess of 1.1 million people
  • Turnover from complementary insurance, up by 6.4%, comes to 465.4 million (437.3 million in 2008)
  • Turnover of life insurance grew by 14% to 49.6 million (43.2 million in 2008) with a solvency margin of over 400% (304% in 2008)
  • The equity rate came to 18.4% (18.7% in 2008)
  • Administration costs are down by 2% despite a constant rise in the volume of invoices processed
  • S&P rating: no rating


La Mobilière – (figures in CHF)

  • Consolidated profit 393.5 million (versus 27.6 million in 2008)
  • Rise of 2.9% in the volume of gross premiums to 2.930 billion (2.846 billion in 2008)
  • Rise of 2.4% in the non-life sector to 2.162 billion (2.110 billion in 2008)
  • Gross life premiums are up by 4.4% to 767.6 million (735.6 million in 2008)
  • Equity is up by 15.7% to 2.937 billion (versus 2.529 billion in 2008)
  • Combined non-life ratio: 92.4% (84.4% in 2008)
  • Surplus paid to non-life clients: 102.5 million (114 million in 2008)
  • S&P rating: no rating


Nationale Suisse – (figures in CHF)

  • Profit for the year is up by 19.3% to 76.4 million (64.1 million in 2008)
  • Recorded gross premiums: 1,698.5 million, i.e. 1,113.5 million in non-life, 361.9 million in personal life, 223.1 million in group life (versus 1,667.9 million in 2008)
  • Net combined ratio *: 97.3% (versus 97.4% in 2008)
  • Solvency ratio: 181.0% (159.9% in 2008)
  • IRFS standards since 2008
  • S&P rating: no rating
    * (excl. charges for participation in surpluses for the insured)


Visana – (Final – figures in CHF)

  • Net profit is down by 35.4% to 15.3 million
  • Premiums collected are up by 7.3% to 2.29 billion of which 1.55 billion (+10.9%) for compulsory health insurance (AOS)
  • Insured: 9% rise in number to 1.017 million
  • Reserve rate (required by Lamal (Swiss Federal Law on Health Insurance)) reduced by 2.3 points to 20.1% of the amount of net premiums
  • Objective to limit the annual rise in premiums to 3%
  • S&P rating: no rating


Sanitas – (figures in CHF)

  • Number of the insured: 830,115 (versus 848,207 in 2008)
  • Number of the insured at 1st January 2010: 884,280
  • Premium income is down by 2.7% to 2.27 billion (2.33 billion in 2008)
  • Indemnity benefits are up by 5.6% to 2.23 billion (2.11 billion in 2008)
  • Net operating loss: 70.5 million (versus a loss of 87.9 million in 2008)
  • Sanitas safety reserve (LAMal): 8.0% (11.8% in 2008)
  • Wincare safety reserve (LAMal): 8.8% (16.6% in 2008)
  • Combined ratio - Sanitas (LAMal): 106.6% (109.4% in 2008)
  • Combined ratio – Wincare (LAMal): 113.0% (106.2% in 2008)
  • S&P rating: no rating



Sources:
- Swiss Life (30 March)
- Vaudoise Assurance (14 April)
- Groupe Mutuel (15 April)
- La Mobilière (15 April)
- Nationale Suisse (22 April)
- Visana (23 April)
- Sanitas (30 April)

 

 

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