Figures in CHF thousand |
Notes |
2020 |
2019 |
|
|
|
|
Net premiums earned |
7,095,781 |
6,743,233 |
|
|
|
|
|
Net cost of claims and benefits |
−6,636,205 |
−6,340,004 |
|
|
|
|
|
Allocated interest |
|
6,252 |
9,895 |
Risk adjustment between insurers |
|
339,621 |
445,820 |
Policyholder participation |
|
−48,188 |
−65,290 |
Net operating expenses |
−712,967 |
−696,692 |
|
Underwriting result |
|
44,295 |
96,961 |
|
|
|
|
Investment income |
|
618,372 |
914,043 |
Investment expenses |
|
−467,624 |
−347,307 |
Change in provision for investment risk |
|
14,000 |
−175,000 |
Earnings from investments |
164,748 |
391,736 |
|
|
|
|
|
Allocated interest expenses |
|
−6,252 |
−9,895 |
Other operating income |
42,919 |
39,694 |
|
Other operating expenses |
−71,492 |
−31,130 |
|
Operating earnings |
|
174,218 |
487,367 |
|
|
|
|
Non-operating earnings |
−7,697 |
9,090 |
|
|
|
|
|
Consolidated earnings before taxes |
|
166,521 |
496,458 |
|
|
|
|
Deferred income taxes |
|
−3,970 |
−39,270 |
Income taxes |
|
−7,409 |
−20,584 |
Non-controlling interest |
|
−430 |
−627 |
|
|
|
|
Consolidated earnings |
|
154,713 |
435,977 |
