News first half 2003 / Key figures / Share performance
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News first half 2003
- Strong increase in net income to CHF 691 million
- Shareholders' equity grew CHF 1.2 billion to CHF 17.9 billion
-
Property & Casualty premium growth of 33% in original currencies and combined ratio target
of 100% achieved - Life & Health return on operating revenues of 8.1% impacted by health run-off business
- Excellent turnaround in Financial Services with CHF 273 million profit
-
Investment return of 4.8% in low interest rate environment and despite impairments on
equities
Key figures (unaudited)
| CHF millions unless otherwise stated |
First half
2002 |
First half |
Change
in % |
|||
|
|
||||||
|
Property & Casualty |
|
|
|
|
|
|
| Premiums earned |
6654
|
7864
|
18%
|
|||
| Combined ratio |
105.6%
|
99.8%
|
||||
| - excluding changes in equalisation reserves |
103.9%
|
99.8%
|
||||
|
|
||||||
|
Life & Health |
|
|
|
|
|
|
| Premiums earned |
5816
|
4963
|
-15%
|
|||
| Operating revenues |
7578
|
6545
|
-14%
|
|||
| Return on operating revenues |
11.5%
|
8.1%
|
||||
|
|
||||||
|
Financial Services |
|
|
|
|
|
|
| Premium business | ||||||
| Premiums earned |
1366
|
1555
|
||||
| Combined ratio |
139.9%
|
96.0%
|
14%
|
|||
| Fee business | ||||||
| Total revenues |
322
|
402
|
25%
|
|||
| Return on total revenues |
-11.2%
|
10.7%
|
||||
|
|
||||||
|
Group |
|
|
|
|
|
|
| Premiums earned |
13836
|
14382
|
4%
|
|||
| Net income |
118
|
691
|
486%
|
|||
| Earnings per share in CHF |
0.38
|
2.23
|
486%
|
|||
| Shareholders' equity (31.12.2002/30.06.2003) |
16686
|
17854
|
7%
|
|||
| Return on investments (annualised) |
4.8%
|
4.8%
|
||||
| Return on equity (annualised) |
1.1%
|
8.2%
|
||||
| Number of employees |
8442
|
8131
|
-4%
|
|||
| - of which in Switzerland |
2887
|
2990
|
4%
|
|||
|
|
||||||
Share performance
|
Market information as of 22 August 2003 |
|
|
|
|
|
|
| Share price in CHF |
89.05
|
|||||
| Market capitalisation in CHF million |
27639
|
|||||
| Number of shares entitled to dividend |
310379068
|
|||||
| Performance |
1993-22 August 2003 (pa)
|
Year to 22 August 2003
|
||||
| Swiss Re |
14.7%
|
-0.6%
|
||||
| Swiss Performance Index |
11.0%
|
15.6%
|
||||
| DJ Stoxx Insurance Index |
4.9%
|
12.0%
|
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