Income statement - Helsana Annual Report 2022

Figures in CHF thousand	Notes	2022	2021

Net premiums earned	4	7,590,151	7,372,231

Net cost of claims and benefits	4	−7,164,871	−7,039,031

Allocated interest		4,429	6,192
Risk adjustment between insurers		182,663	271,049
Policyholder participation		−52,066	−41,948
Net operating expenses	4	−616,510	−688,081
Underwriting result		−56,204	−119,589

Investment income		716,553	905,419
Investment expenses		−1,606,466	−391,613
Change in provision for investment risk		439,432	−10,000
Earnings from investments	5	−450,481	503,806

Allocated interest expenses		−4,429	−6,192
Other operating income	4	42,977	42,589
Other operating expenses	4	−31,193	−106,470
Operating earnings		−499,332	314,145

Non-operating earnings	4	−11,893	−9,144

Consolidated earnings before taxes		−511,225	305,001

Deferred income taxes		−12,177	−25,662
Income taxes		16	−47,469
Non-controlling interest		−711	−648

Consolidated earnings		−524,096	231,222

Consolidated income statement