Combined Ratio
Federal Health Insurance Act (KVG), Federal Law on Insurance Contracts (VVG) and Federal Law on Accident Insurance (UVG), Helsana Group
in % |
2021 |
2020 |
|---|---|---|
|
|
|
KVG |
103.7 |
99.8 |
VVG |
96.0 |
98.4 |
UVG |
96.2 |
96.4 |
Helsana Group |
101.6 |
99.4 |
Formula
(Claims expenses + operating expenses) Premiums earned
The combined ratio is the key figure in the insurance industry. It is an insurance-sector performance indicator that presents the total operating and claims expenses in relation to the premiums earned.
Insurance expense ratio
in % |
2021 |
2020 |
|---|---|---|
|
|
|
KVG |
97.9 |
94.0 |
VVG |
76.9 |
77.1 |
UVG |
76.9 |
75.8 |
Helsana Group |
92.3 |
89.3 |
Formula
Claims expenses Premiums earned
An insurance-sector key figure which presents an insurance companyʼs claims expenses in relation to the premiums earned during a financial year. The net values are considered here. The claims ratio provides information on the claims intensity of the insurance business conducted and thus also allows for a comparison with competitors.
Operating expense ratio
(Cost ratio):
Federal Health Insurance Act (KVG), Federal Law on Insurance Contracts (VVG) and Federal Law on Accident Insurance (UVG), Helsana Group
in % |
2021 |
2020 |
|---|---|---|
|
|
|
KVG |
5.8 |
5.9 |
VVG |
19.1 |
21.3 |
UVG |
19.3 |
20.6 |
Helsana Group |
9.3 |
10.0 |
Formula
Operating expenses Premiums earned
The operating expense ratio is also referred to as the cost ratio and describes the percentage ratio of the operating expenses and the premiums earned. The operating expense ratio provides information on the administrative and processing intensity of the business.
Investment performance
Formula
Investment result Average investment assets
The investment result is the profit or loss generated with the help of investments. The investment performance is the generated profit/loss of the investments relative to the investment assets. It shows the return on investment. The value cannot be recalculated on the basis of the consolidated financial statements as the average investment assets are not reported in the financial statements.
Provisions ratio
Formula
Provisions Total capital
The provisions ratio shows the share of provisions as a percentage of total balance sheet capital. It indicates what percentage of the company is financed by provisions. Provisions are liabilities that are uncertain with respect to their amount or occurrence but which will take effect with a certain level of probability.
Debt ratio
Formula
Borrowed capital Total capital
The debt ratio is the proportion of borrowed capital relative to total capital. It is used to assess capital risk.
Equity ratio
Formula
Equity Total capital
The equity ratio is the proportion of equity relative to total capital. The higher the equity ratio, the greater the companyʼs financial stability and its independence with respect to lenders.