Financial years 1997-2003
| CHF millions |
1997
|
1998
|
1999
|
2000
|
2001
|
2002
|
2003
|
|
|
|||||||
Income statement |
|||||||
Revenues |
|||||||
| Premiums earned |
15862
|
16727
|
18051
|
22081
|
25219
|
29058
|
30740
|
| Net investment income |
2995
|
3131
|
3846
|
4802
|
5765
|
5494
|
4606
|
| Net realised investment gains/losses |
1281
|
2509
|
3588
|
4275
|
2665
|
- 730
|
376
|
| Trading revenues |
228
|
472
|
|||||
| Other revenues |
143
|
286
|
246
|
395
|
455
|
365
|
236
|
|
|
|||||||
| Total revenues |
20281
|
22653
|
25731
|
31553
|
34104
|
34415
|
36430
|
Expenses |
|||||||
| Claims and claim adjustment expenses |
- 8057
|
- 8514
|
- 9333
|
- 12153
|
- 16266
|
- 14485
|
-14898
|
| Life and health benefits |
- 4185
|
- 4881
|
- 6200
|
- 7478
|
- 8532
|
- 10084
|
-9085
|
| Acquisition costs |
- 3767
|
- 3661
|
- 3973
|
- 4883
|
- 5658
|
- 6220
|
-6854
|
| Amortisation of goodwill |
- 75
|
- 91
|
- 211
|
- 310
|
- 368
|
- 350
|
-315
|
| Other operating costs and expenses |
- 1940
|
- 2698
|
- 2785
|
- 3074
|
- 3384
|
- 3240
|
-2942
|
|
|
|||||||
| Total expenses |
- 18024
|
- 19845
|
- 22502
|
- 27898
|
- 34208
|
- 34379
|
-34094
|
|
|
|||||||
| Income/loss before income tax expense |
2257
|
2808
|
3229
|
3655
|
- 104
|
36
|
2336
|
| Income tax expense |
-480
|
-647
|
-783
|
-689
|
- 61
|
- 127
|
-634
|
|
|
|||||||
| Net income/loss on ordinary activities |
1777
|
2161
|
2446
|
2966
|
- 165
|
- 91
|
1702
|
|
|
|||||||
| Extraordinary income |
450
|
||||||
| Extraordinary charges |
- 450
|
||||||
|
|
|||||||
| Net income/loss |
1777
|
2161
|
2446
|
2966
|
- 165
|
- 91
|
1702
|
|
|
|||||||
Balance sheet |
|||||||
Assets |
|||||||
| Investments |
62725
|
69589
|
85684
|
89584
|
95888
|
86728
|
88205
|
| Other assets |
28657
|
38748
|
44516
|
53056
|
74342
|
75129
|
81493
|
|
|
|||||||
| Total assets |
91382
|
108337
|
130200
|
142640
|
170230
|
161857
|
169698
|
|
|
|||||||
Liabilities |
|||||||
|
Unpaid claims and claim adjustment expenses |
41876
|
45866
|
54072
|
59600
|
68618
|
62652
|
63474
|
| Liabilities for life and health policy benefits |
9963
|
15143
|
23279
|
29300
|
41370
|
37269
|
37244
|
| Unearned premiums |
3691
|
3174
|
4251
|
6131
|
6399
|
6754
|
6457
|
| Other liabilities |
13757
|
19142
|
18819
|
19764
|
24200
|
32833
|
39205
|
| Long-term debt |
3921
|
5049
|
4947
|
5058
|
7045
|
5663
|
4807
|
|
|
|||||||
| Total liabilities |
73208
|
88374
|
105368
|
119853
|
147632
|
145171
|
151187
|
|
|
|||||||
|
|
|||||||
| Shareholders' equity |
18174
|
19963
|
24832
|
22787
|
22598
|
16686
|
18511
|
|
|
|||||||
| Earnings/losses per share in CHF |
5.90*
|
7.35*
|
8.55*
|
10.39*
|
- 0.57
|
- 0.29
|
5.48
|
* Adjusted by 20-for-1 share split
