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Notes to the consolidated financial statements
of the Helsana Group

1. Income statement – supplementary information on the business areas (divisions)

 

Insurance under KVG1

Insurance under VVG2

Insurance under UVG3

Other4

Elimination

Total

Figures in CHF thousand

2022

2021

2022

2021

2022

2021

2022

2021

2022

2021

2022

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

Net premiums earned

5,568,179

5,394,943

1,881,857

1,833,534

140,114

143,753

0

0

0

0

7,590,151

7,372,231

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cost of claims and benefits

−5,843,204

−5,551,479

−1,212,145

−1,372,326

−109,523

−115,226

0

0

0

0

−7,164,871

−7,039,031

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated interest

0

0

0

0

4,429

6,192

0

0

0

0

4,429

6,192

Risk adjustment between insurers

182,663

271,049

0

0

0

0

0

0

0

0

182,663

271,049

Policyholder participation

−1,759

−2,114

−48,559

−38,328

−1,748

−1,506

0

0

0

0

−52,066

−41,948

Net operating expenses

−274,549

−310,906

−315,747

−349,396

−26,214

−27,779

0

0

0

0

−616,510

−688,081

Underwriting result

−368,671

−198,506

305,407

73,484

7,059

5,434

0

0

0

0

−56,204

−119,589

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income

345,477

301,217

237,648

372,839

82,292

116,954

101,136

124,408

−50,000

−10,000

716,553

905,419

Investment expenses

−649,651

−147,787

−590,411

−143,280

−203,612

−51,260

−163,042

−49,285

250

0

−1,606,466

−391,613

Change in provision for investment risk

162,132

0

157,600

0

69,200

0

50,500

−10,000

0

0

439,432

−10,000

Earnings from investments

−142,042

153,430

−195,163

229,559

−52,120

65,694

−11,406

65,123

−49,750

−10,000

−450,481

503,806

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated interest expenses

0

0

0

0

−4,429

−6,192

0

0

0

0

−4,429

−6,192

Other operating income

7,686

9,203

34,548

33,104

458

429

996

375

−711

−522

42,977

42,589

Other operating expenses

−4,451

−79,023

−26,231

−26,829

−411

−369

−811

−772

711

522

−31,193

−106,470

Operating earnings

−507,478

−114,896

118,561

309,319

−49,443

64,997

−11,221

64,725

−49,750

−10,000

−499,332

314,145

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-operating earnings

306

213

−89

−923

−15

−13

−12,094

−8,422

0

0

−11,893

−9,144

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated earnings before taxes

−507,172

−114,682

118,471

308,396

−49,458

64,984

−23,315

56,303

−49,750

−10,000

−511,225

305,001

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred income taxes

0

0

−20,911

−18,719

2,541

−2,945

6,193

−3,998

0

0

−12,177

−25,662

Income taxes

0

0

1,584

−36,915

−144

−8,128

−1,423

−2,426

0

0

16

−47,469

Non-controlling interest

0

0

0

0

0

0

−711

−648

0

0

−711

−648

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated earnings

−507,172

−114,682

99,144

252,763

−47,062

53,910

−19,257

49,231

−49,750

−10,000

−524,096

231,222

1

Insurance under KVG This segment comprises the companies that offer mandatory health care insurance and voluntary daily benefits insurance under the KVG.

2

Insurance under VVG This segment comprises the companies that offer insurance products under the VVG.

3

Insurance under UVG This segment comprises the companies that offer insurance products under the UVG.

4

Other This segment comprises all other companies.

2. Consolidation and accounting principles

General

The consolidated financial statements 2022 are presented in accordance with the Swiss GAAP accounting and reporting recommendations (Swiss GAAP FER) and provide a true and fair view of the Group’s assets, finances and earnings. Swiss GAAP FER represents a complete body of rules. All recommendations must be applied.

Swiss GAAP FER 41 entered into force for the individual financial statements of KVG health insurers on 1 January 2012. The Helsana Group has applied Swiss GAAP FER 30 (Consolidation) in conjunction with Swiss GAAP FER 41 since financial year 2015. The application of Swiss GAAP FER is voluntary.

Consolidated companies

The consolidated financial statements include all companies that are directly or indirectly controlled by Helsana. Control means the decisive influence on the operational and financial activities in order to derive the corresponding benefit therefrom. This is usually the case if Helsana directly or indirectly holds more than 50 percent of the voting rights in a company. Companies acquired during the financial year are included from the date on which control over the business activities was transferred to Helsana, and all companies disposed of during the year are excluded from the Group statements from the date of sale.

Change in consolidated companies

As of January 1, 2022, Helsana Versicherungen AG absorbed Progrès Versicherungen AG by way of a merger pursuant to Art. 3 para 1 lit.A FusG.

Helsana Beteiligungen AG now holds a 100 percent stake in Aviga AG. This company is being fully consolidated for the first time.

Rounding differences

All amounts in the annual financial statements are rounded to thousand Swiss francs. This means that the sum of several rounded amounts added together can differ from the rounded total that is reported.

2.1 Consolidation method

Full consolidation

Companies are included in the Group statements based on the full consolidation method. Capital consolidation is carried out using the Anglo-Saxon method (purchase method). Assets and borrowed capital of companies acquired are revalued at the time of control changes in accordance with the Helsana Group’s principles; unrealised gains and losses are carried under the relevant balance sheet items and the remaining difference between the purchase price and equity, i.e. goodwill, calculated according to the accounting policies of the Group, is fully amortised over five years or in the year of consolidation. Any third-party participations in fully consolidated companies are shown separately as non-controlling interests in equity and income.

Equity method

Companies in which Helsana holds between a 20 and 50 per cent stake are stated in the balance sheet at the value corresponding to the pro rata equity capital in line with the equity method.

Consolidation reporting date

The reporting date for all companies included is 31 December.

Events after the reporting date

There were no significant events after the reporting date until the date of signature by the responsible body (22 February 2023).

Intragroup transactions

All intragroup transactions, relationships and earnings are eliminated as part of the consolidation process.Valuation is carried out in line with standardised criteria. In general, the principle of the individual valuation of assets and liabilities applies.

2.2 Valuation principles

Foreign currencies

Foreign currency positions are converted at current exchange rates at year-end.

The following exchange rates were used:

 

31.12.2022

31.12.2021

Unit/currency

Price

Price

 

 

 

1 EUR

0.99052

1.03559

1 USD

0.92477

0.91295

1 GBP

1.11919

1.23361

100 JPY

0.70526

0.79323

1 CAD

0.68296

0.71901

1 AUD

0.63067

0.66304

Investments

Real estate

Real estate includes both investment properties and owner-occupied properties, and is recognised in the balance sheet at current market value. Market values are estimated at least once every three years by an independent consulting firm. The values are determined using the discounted cash flow method or another recognised method during the intervening years.

Bonds and bond funds

Include in these are fixed-income securities or investments in similar securities without a fixed maturity (e.g. bond funds) or without a defined redemption price. The investments held are marketable and valued at market price. The periodic change in the balance sheet value is recognized in the income statement. In the event of no observable or current values being available, the nearmarket value is determined by using our own valuation model.

Equities

Equities include equity securities such as stocks and similar securities. Such assets are marketable and are valued at market price. Periodic changes in the carrying amount are recognised in the income statement. Any impairments are booked accordingly.

Collective investment schemes

Collective investment schemes (equity funds, alternative investments, real estate funds, etc.) are reported as a separate item. They are measured at current value. Periodic changes in the carrying amount are recognised in the income statement.

Currency futures

Derivatives include foreign exchange and option contracts, certificates on equity indices and futures. Forward exchange transactions are used to hedge exchange rate and market price fluctuations and are measured at market value.

Investments in other companies

These include investments in companies that are held for strategic purposes. These investments are measured using the last known pro rata equity (equity method).

Collateral for own liabilities as well as assets under reservation of ownership

All investments and cash holdings of the KVG, VVG and UVG segments, with the exception of shareholdings, are reported as tied assets.

Intangible assets

With intangible assets, a distinction is drawn between purchased software and projects. The latter are amortised on a straight-line basis over the course of their useful life. Amounts of more than CHF 500,000 can be capitalised for purchased software. Otherwise, the costs are charged directly to the income statement.

Projects are generally amortised over a period of five years from launch, up to a maximum of ten years in justified cases. They must provide a benefit over several years. At maximum, they are measured at cost of acquisition or production. These costs must be measurable and allocable to the project. Projects may only be capitalised if they are strategic in nature or involve an investment in excess of CHF 3 million.

Property, plant and equipment

Capitalised property, plant and equipment are depreciated on a straight-line basis over the course of their useful life. For fixtures and fittings, acquisitions and collective acquisitions for amounts of more than CHF 500,000 can be capitalised. Amounts below this limit are expensed. Useful life for each asset category:

  • Five years for fixtures and fittings
  • Three years for IT hardware
  • Three years for vehicles

The value is reviewed annually and the item is written down accordingly.

Deferred charges

This item includes expenses during the reporting year that are deducted as an expense in the following financial year, and income that only leads to revenue in the following financial year.

Receivables

Receivables due from third parties, such as policyholders, insurance organisations, agents and brokers, cantons and other parties, are measured at nominal value. The security is determined on the basis of the maturity structure and recognisable credit risks. In addition to individual write-downs for specific known receivable risks, impairments are formed using statistical information about the risk of default. The calculation of the necessary value adjustments also includes the type of receivable (private customer, corporate customer, co-payment) in addition to the maturity structure. The assumptions are based on historical figures from previous years. Assuming the losses on accounts remain constant as in previous years, an allowance for doubtful receivables is made for the unpaid receivables of up to 180 days with a rate of 0.25 percent. For older receivables, the effects of Art. 64a KVG (depending on the canton) are included in the calculation of the allowance for doubtful receivables of the KVG companies. The totals of the receivables are included in the ratio of the debt collection proceedings initiated to the resulting certificates of debt.

The receivables due from affiliates are measured at nominal value, taking account of operationally necessary impairments.

Cash and cash equivalents

Cash and cash equivalents include cash on hand as well as postal and bank account balances. Cash and cash equivalents are measured at nominal value. Any impairments are booked accordingly.

Net technical provisions

The item for net technical provisions includes provisions for claims and benefits, actuarial reserves, provisions for profit sharing, technical equalisation reserves and provisions for guarantees as well as other technical provisions. Provisions for claims and benefits are calculated according to actuarial methods recognised by the supervisory authorities (e.g. chain ladder). In doing so, the following parameters are taken into account for the year of occurrence and the year of processing:

  • First year of treatment versus payment year for care benefits
  • First year of event versus payment year for daily benefits

The reserves for annuities are calculated according to the accounting principles pursuant to Art. 108 UVV. The calculation is based on the annuity without cost of living bonuses. For ceded co-insurance, we assume our portion of the individual actuarial reserve as reported by the company that carries it.

For group sickness benefits, provisions for profit sharing are formed for contracts that include agreements on profit sharing. They are calculated as the expected value of the profit share paid out after the reporting date for contracts for profit sharing that are in effect through the reporting date.

The estimate of provisions for profit sharing takes account of the active portfolio and the empirical claims experience as at the reporting date. The equalisation reserves and provisions for guarantees protect the capital base against the effects of unusual fluctuations in the technical result. They are endowed in accordance with the technical result. The maximum amount results from the difference between the expected shortfall and the level α and the expected value. α is 95 percent for long-term care insurance. For the other product groups, α is set at 90 percent. The lower limit is zero. If the maximum amount is clearly exceeded, equalisation reserves are to be reduced by a maximum of 5 percent of the premium earned every year on an ongoing basis.

The other technical provisions include additional actuarial provisions that are measured according to the applicable and approved business plan.

Non-technical provisions

If an outflow of funds is probable, a corresponding provision is raised for legal and actual obligations on an event in the past. The amount is determined by analysing the relevant past result and the economic risk. If time has a significant impact, the provision requirement must be discounted. The provisions are revalued annually.

Provision for investment risk

The provisions for investment risk map the long-term volatilities of the capital market. The provisions are based on the total portfolio and are reviewed annually. The target provisions and the range for investment risk are calculated according to an analytical model (normal distribution) on the basis of sensitivities in the investments.

  • the lower range with a security level of 99.0 percent
  • the target provision with the security level defined internally by Helsana of 99.5 percent (KVG companies) and 99.75 percent (other companies) in line with the risk appetite approved by the Board of Directors
  • the upper range with a security level of 99.9 percent

If the investments during the reporting period experience above-average losses in value, the provisions for investment risk can also be liquidated in the income statement, either in full or in part. If the values of the investments increase by more than the average during the reporting period, the provisions for investment risk can also be increased in full or in part to the target value in the income statement.

Deferred credits

This item includes deferred income during the reporting year that is credited as income in the following financial year, and expenses for the reporting year that are only paid the following financial year.

Liabilities

This item mainly includes obligations to policyholders or service providers as well as premiums billed in advance. Loans due are also recognised in this item. The liabilities are recognised in the balance sheet at their nominal amount.

3. Consolidated companies 2022

Name

Sector

Consolidation

Shareholding in %

Capital in
CHF m

 

 

 

 

 

 

 

Helsana Ltd, Dübendorf

Holding

Fully consolidated

100

70.0

Helsana Insurance Company Ltd, Dübendorf

Health insurance

Fully consolidated

100

70.0

Helsana Supplementary Insurances Ltd, Dübendorf

Health insurance

Fully consolidated

100

35.0

 

Helsana Legal Protection Ltd, Aarau

Legal expenses insurance

Equity method

50

3.0

Helsana Accidents Ltd, Dübendorf

Accident insurance

Fully consolidated

100

14.0

 

Solida Insurance Ltd, Zurich

Accident insurance

Equity method

50

10.0

Helsana Investment Ltd, Dübendorf

Holding

Fully consolidated

100

0.1

 

Aviga AG, Zurich

Case management

Fully consolidated

100

1.0

 

Health & Medical Service Ltd, Zurich

Healthcare sector

Fully consolidated

100

0.1

 

Helsana HealthInvest Ltd, Zurich

Investment

Fully consolidated

100

0.1

 

Procare Vorsorge AG, Dübendorf

Services

Fully consolidated

100

0.1

 

Purchasing Cooperative HSK Ltd, Dübendorf

Services

Fully consolidated

60

0.1

 

SSS Schaden Service Switzerland Ltd, Zurich

Recourse settlement

Fully consolidated

50.9

0.1

4. Notes to the consolidated income statement

Figures in CHF thousand

2022

2021

 

 

 

Premium income

7,590,742

7,373,030

Reinsurers' share

−591

−799

Total net premiums earned

7,590,151

7,372,231

 

 

 

Cost of claims and benefits

−8,099,387

−7,717,792

Co-payments

857,766

809,267

Change in technical provisions

139,794

−45,704

Loss mitigation costs

−63,044

−84,802

Total net cost of claims and benefits

−7,164,871

−7,039,031

 

 

 

Personnel expenses

−400,350

−414,983

Administrative offices and operating equipment

−26,842

−29,323

IT costs

−75,948

−86,570

Marketing, advertising and commission

−75,600

−110,775

Other administrative expenses

−18,768

−29,296

Write-downs

−19,002

−17,134

Total operating expenses, net

−616,510

−688,081

 

 

 

Liquid funds (interest)

1,946

1,446

Receivables (interest risk adjustment, default interest, etc.)

6,237

6,718

Other income

34,794

34,425

Total other operating income

42,977

42,589

 

 

 

Liquid funds (interest)

−4,128

−4,322

Liabilities (interest risk adjustment, etc.)

−68

−232

Other expenses1

−26,997

−101,916

Total other operating expenses

−31,193

−106,470

 

 

 

Non-operating income, third party

29,123

27,580

Non-operating expenses, third party

−41,016

−36,724

Total non-operating income

−11,893

−9,144

1

The item “Other expenses” 2021 primarily includes funds for the voluntary reduction in reserves of CHF 75.6 million.

5. Notes to the consolidated income statement – investments

Figures in CHF thousand

Ordinary
earnings

Realised
gains

Unrealised gains

Total 2021

 

 

 

 

 

Investment income

Real estate

20,745

0

17,074

37,820

Bonds

58,128

72,259

107,743

238,129

Bond funds

0

0

2,074

2,074

Equities

29,125

140,914

214,352

384,390

Alternative investments

0

8,803

53,716

62,520

Real estate funds

18,605

17,079

64,090

99,773

Currency futures

0

53,902

18,420

72,321

Investments in other companies

3,272

0

2,455

5,728

Loans and mortgages

1

0

0

1

Other investment income1

2,663

0

0

2,663

Total investment income

132,539

292,956

479,924

905,419

1

Other investment income comprises retrocession repayments by the custodian financial institution.

Figures in CHF thousand

Administrative
costs

Realised
losses

Non-realised
losses

Total 2021

 

 

 

 

 

Investment expenses

Real estate

0

0

−5,576

−5,576

Bonds

0

−61,110

−103,837

−164,947

Bond funds

0

0

−3,028

−3,028

Equities

0

−28,410

−67,597

−96,007

Alternative investments

0

−901

−1,192

−2,094

Real estate funds

0

−467

−13,864

−14,331

Currency futures

0

−89,114

−1,167

−90,281

Investments in other companies

0

0

−91

−91

Other investment expenses

−2,511

0

0

−2,511

Asset management costs

−12,747

0

0

−12,747

Total investment expenses

−15,258

−180,004

−391,613

Change in provision for investment risk

0

0

−10,000

−10,000

Total investment income 2021

117,281

112,952

273,573

503,806

Figures in CHF thousand

Ordinary
earnings

Realised
gains

Unrealised gains

Total 2022

 

 

 

 

 

Investment income

 

Real estate

20,831

0

8,109

28,940

Bonds

57,934

145,817

45,850

249,601

Equities

26,977

169,565

61,238

257,780

Alternative investments

0

11,360

28,414

39,774

Real estate funds

18,642

11,651

8

30,302

Currency futures

0

83,166

4,411

87,576

Investments in other companies

8,012

12

3,459

11,483

Other investment income1

11,097

0

0

11,097

Total investment income

143,493

421,571

151,489

716,553

1

Other investment income comprises retrocession repayments by the custodian financial institution.

Figures in CHF thousand

Administrative
costs

Realised
losses

Non-realised
losses

Total 2022

 

 

 

 

 

Investment expenses

 

Real estate

0

0

−5,880

−5,880

Bonds

0

−228,773

−565,574

−794,346

Bond funds

0

0

−11,971

−11,971

Equities

0

−117,070

−337,068

−454,138

Real estate funds

0

−552

−217,714

−218,265

Currency futures

0

−83,960

−14,182

−98,141

Investments in other companies

0

−270

−57

−327

Other investment expenses

−10,701

0

0

−10,701

Asset management costs

−12,697

0

0

−12,697

Total investment expenses

−23,398

−430,624

−1,152,444

−1,606,466

Change in provision for investment risk

0

0

439,432

439,432

Total investment income 2022

120,094

−9,052

−561,523

−450,481

6. Notes to the consolidated balance sheet – investments

Figures in CHF thousand

As at 31.12.2020

Additions/
disposals

Change in valuation adjustment

As at 31.12.2021

 

 

 

 

 

Real estate

405,651

1,693

11,498

418,842

Bonds1

4,371,874

543,948

3,905

4,919,727

Bond funds

33,552

554

−954

33,152

Equities

1,464,697

−76,231

146,755

1,535,221

Alternative investments

301,620

−34,775

52,524

319,369

Real estate funds

831,237

−38

50,225

881,425

Currency futures

−4,592

0

17,253

12,661

Investments in other companies

58,595

0

2,364

60,959

Investments

7,462,634

435,151

283,570

8,181,356

1

Bonds have been valued at market value (excluding accrued interest) for the first time for the 2021 financial statements.

Figures in CHF thousand

As at 31.12.2021

Additions/
disposals

Change in valuation adjustment

As at 31.12.2022

 

 

 

 

 

Real estate

418,842

2,477

2,230

423,549

Bonds

4,919,727

−67,070

−519,724

4,332,933

Bond funds

33,152

45,894

−11,971

67,075

Equities

1,535,221

49,727

−275,830

1,309,118

Alternative investments

319,369

−75,966

28,414

271,817

Real estate funds

881,425

42,602

−217,706

706,321

Currency futures

12,661

0

−9,770

2,891

Investments in other companies

60,959

−1,318

3,402

63,043

Investments

8,181,356

−3,655

−1,000,955

7,176,747

7. Currency futures

 

 

 

Market value as at 31.12.2022

Market value as at 31.12.2021

Figures in CHF thousand

 

Currency

Positive

Negative

Positive

Negative

 

 

 

 

 

 

 

Futures

Hedges

USD

0

259

11,429

0

Futures

Hedges

EUR

0

202

2,291

0

Futures

Hedges

GBP

3,351

0

0

1,059

Total currency futures

 

 

3,351

461

13,720

1,059

8. Statement of asset additions and disposals – fixed and intangible assets

Figures in CHF thousand

Office fixtures, fittings and equipment

IT hardware

Vehicles

Total property, plant and equipment

Projects

Software

Total intangible assets

 

 

 

 

 

 

 

 

Historical cost

 

 

 

 

 

 

 

Carrying amount as at 31.12.2020

47,573

51,174

862

99,608

158,781

41,531

200,312

Asset additions

897

4,188

229

5,314

0

0

0

Asset disposals

−32

−1,792

−115

−1,939

0

0

0

Carrying amount as at 31.12.2021

48,438

53,569

976

102,983

158,781

41,531

200,312

 

 

 

 

 

 

 

 

Accumulated valuation adjustments

 

 

 

 

 

 

 

Value adjustments as at 31.12.2020

−44,050

−44,933

−817

−89,800

−149,556

−34,595

−184,151

Depreciation and amortisation

−1,642

−4,824

−75

−6,541

−8,445

−2,958

−11,403

Asset disposals

32

1,788

56

1,876

0

0

0

Value adjustments as at 31.12.2021

−45,660

−47,969

−836

−94,465

−158,001

−37,553

−195,554

 

 

 

 

 

 

 

 

Net carrying amount as at 31.12.2021

2,778

5,600

140

8,518

780

3,978

4,758

Figures in CHF thousand

Office fixtures, fittings and equipment

IT hardware

Vehicles

Total property, plant and equipment

Projects

Software

Total intangible assets

 

 

 

 

 

 

 

 

Historical cost

 

 

 

 

 

 

 

Carrying amount as at 31.12.2021

48,438

53,569

976

102,983

158,781

41,531

200,312

Asset additions

3,405

5,651

0

9,056

0

0

0

Asset disposals

−47,146

−57,155

−346

−104,647

−156,829

−41,531

−198,360

Carrying amount as at 31.12.2022

4,697

2,066

629

7,392

1,952

0

1,952

 

 

 

 

 

 

 

 

Accumulated valuation adjustments

 

 

 

 

 

 

 

Value adjustments as at 31.12.2021

−45,660

−47,969

−836

−94,465

−158,001

−37,553

−195,554

Depreciation and amortisation

−1,768

−5,065

−57

−6,890

−390

−2,958

−3,348

Impairments

−2,178

−6,153

−58

−8,389

0

−1,019

−1,019

Asset disposals

47,146

57,140

346

104,632

156,829

41,531

198,360

Value adjustments as at 31.12.2022

−2,458

−2,048

−604

−5,111

−1,562

0

−1,562

 

 

 

 

 

 

 

 

Net carrying amount as at 31.12.2022

2,239

18

25

2,281

390

0

390

9. Deferred charges and credits

Figures in CHF thousand

31.12.2022

31.12.2021

 

 

 

Accrued interest on investments

27,783

26,213

Risk compensation

31,737

172,606

Other accrued income and prepaid expenses

106,743

121,793

Total deferred charges

166,263

320,612

 

 

 

Risk compensation

0

134,868

Other deferred income and accrued expenses

30,105

37,985

Total deferred credits

30,105

172,853

10. Receivables and liabilities

Figures in CHF thousand

31.12.2022

31.12.2021

 

 

 

Policyholders

354,058

333,430

Insurance organisations

4,950

4,253

Related parties

949

675

Government offices1

104,990

88,653

Other receivables

52,113

40,321

Total receivables

517,060

467,332

 

 

 

Policyholders

655,054

590,723

Insurance organisations

1,328

1,159

Service providers

139,481

144,430

Agents and brokers

2,401

1,550

Related parties

2,290

2,079

Government offices

18,362

4,312

Other liabilities

276,225

145,560

Total liabilities

1,095,141

889,813

1

The receivable for the fourth quarter includes the costs of COVID-19 testing assumed by the federal government in the amount of CHF 18.9 million (2021: CHF 46.2 million) (total costs of COVID-19 testing assumed by the federal government: CHF 136.9 million).

11. Technical provisions

Figures in CHF thousand

Provision for claims and benefits1

Actuarial
reserve2

Provision for policyholder participation

Claims
equalisation
reserve

Other technical provisions3

Total

 

 

 

 

 

 

 

As at 31.12.2020

1,679,379

446,665

75,973

1,418,589

344,259

3,964,863

Creation

1,276,154

90,413

52,053

139,272

116,186

1,674,078

Release

−1,340,728

−63,062

−47,358

−90,112

−11,516

−1,552,776

As at 31.12.2021

1,614,805

474,016

80,668

1,467,749

448,929

4,086,165

Figures in CHF thousand

Provision for claims and benefits1

Actuarial
reserve2

Provision for policyholder participation

Claims
equalisation
reserve

Other technical provisions3

Total

 

 

 

 

 

 

 

As at 31.12.2021

1,614,805

474,016

80,668

1,467,749

448,929

4,086,165

Creation

1,462,932

58,848

37,870

215,797

28,407

1,803,854

Release

−1,347,794

−73,004

−56,264

−375,617

−166,566

−2,019,245

As at 31.12.2022

1,729,943

459,860

62,274

1,307,929

310,770

3,870,774

1

The amount of reinsurance in the provisions for claims and benefits was CHF 0 as at 31 December 2022 CHF 0 as at 31.12.2021).

2

The pension reserves are discounted with a technical interest rate of 1.0 per cent (2021: 1.5 per cent). The average term is 10.1 years (2021: 11.3 years).

3

The other insurance provisions comprise old-age provisions, reserves for the voluntary reduction in reserves and reserves for other compulsory health insurance (OKP) products (models such as HAV/HMO).
Ageing reserves were discounted with a technical interest rate of 1.0 per cent.

12. Non-technical provisions

Figures in CHF thousand

Personnel/
brokers1

Taxes

Process risks2

Other3

Total

 

 

 

 

 

 

As at 31.12.2020

38,965

4,960

1,101

93,694

138,721

Creation

70,178

38,024

0

9,355

117,557

Release

−68,519

0

−1,101

−96,617

−166,238

As at 31.12.2021

40,624

42,984

0

6,432

90,040

Figures in CHF thousand

Personnel/
brokers1

Taxes

Process risks2

Other3

Total

 

 

 

 

 

 

As at 31.12.2021

40,624

42,984

0

6,432

90,040

Creation

29,789

40

0

11,756

41,585

Release

−45,649

−41,255

0

−10,546

−97,450

As at 31.12.2022

24,764

1,769

0

7,642

34,175

1

The provisions for holiday and overtime claims as well as staff bonuses, broker fees and personnel costs related to decided organizational changes are included under "Personnel/brokers".

2

The position includes compensation in accordance with Art. 418 (u) of the Swiss Code of Obligations (CO) in connection with the introduction of the “Agent”.

3

The Swiss Financial Market Supervisory Authority (FINMA) has ordered a restriction for the awarding of discounts. The provisions of CHF 90 million raised for this purpose were largely used or released in 2021 in favor of payments to insured persons.

13. Provision for investment risk

Figures in CHF thousand

Provision for investment risk

Total

 

 

 

As at 31.12.2020

1,007,632

1,007,632

Creation

10,000

10,000

Release

0

0

As at 31.12.2021

1,017,632

1,017,632

Figures in CHF thousand

Provision for investment risk

Total

 

 

 

As at 31.12.2021

1,017,632

1,017,632

Creation

0

0

Release

−439,432

−439,432

As at 31.12.2022

578,200

578,200

14. Liabilities to pension funds

Economic benefit/obligation and pension cost

 

Funding surplus/
deficiency1

Economic interest of organisation

Change from prior year/
recognised in income statement in reporting year

Contributions recognised in reporting period

Pension cost
in personnel costs

Figures in CHF thousand

31.12.2021

31.12.2021

31.12.2020

 

 

2021

Prior year

 

 

 

 

 

 

 

 

Pension plans with funding surplus

262,973

0

0

0

36,816

36,816

35,224

Total

262,973

0

0

0

36,816

36,816

35,224

Economic benefit/obligation and pension cost

 

Funding surplus/
deficiency1

Economic interest of organisation

Change from prior year/
recognised in income statement in reporting year

Contributions recognised in reporting period

Pension cost
in personnel costs

Figures in CHF thousand

31.12.2022

31.12.2022

31.12.2021

 

 

2022

Prior year

 

 

 

 

 

 

 

 

Pension plans with funding surplus

300,635

0

0

0

37,280

37,280

36,816

Total

300,635

0

0

0

37,280

37,280

36,816

1

The information is based on the audited 2020 and 2021 annual financial statements of the staff pension fund foundation of Helsana Insurance Company Ltd. Values may be taken from the 2021 financial statements.

15. Other information

Collateral for own liabilities, reservation of ownership (excluding tied assets)

On 31 December 2022, there was no collateral for own liabilities.

Contingent receivables/liabilities

Within the scope of Group VAT taxation, the Helsana Group is jointly and severally liable to the Swiss Federal Tax Administration. Stiftung Fondation Sana is also included in the VAT group together with the fully consolidated companies.

In the case of the alternative investments, there is an obligation to make additional contributions in the amount of TCHF 19,253.

Pledged or assigned assets

All assets are pledged with the following restriction: liens are exclusively assigned as security for current or future claims from derivative financial instruments only to the extent that such claims are not already covered by the collateral annex to the Swiss framework agreement for OTC derivatives.

Significant related companies

 

Transactions with the Helsana Group (net)1

Investments2

Technical provisions2

Figures in CHF thousand

2022

2021

31.12.2021

31.12.2020

31.12.2021

31.12.2020

 

 

 

 

 

 

 

Name

 

 

 

 

 

 

Solida Insurance Ltd, 8048 Zurich

11,548

11,748

721,085

695,488

607,628

602,467

Helsana Legal Protection Ltd, 5000 Aarau

22,120

20,245

54,413

52,401

47,939

46,789

1

The transactions with associated companies include the sum of the statements of these companies, which include the transferred net premiums less any profit sharing and compensation for administration.

2

The figures have been taken from the 2021 Annual Report.