Consolidated Statement of Cash Flows
Consolidated statement of cash flows for the years ended 31 December
| In CHF million | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Cash flows from operating activities | ||||
| Premiums, policy fees and deposits received, net of reinsurance | 18 310 | 18 317 | ||
| Benefits and claims paid, net of reinsurance | –15 282 | –15 028 | ||
| Interest received | 2 643 | 2 805 | ||
| Dividends received | 646 | 647 | ||
| Commissions received | 1 810 | 1 534 | ||
| Rentals received | 1 364 | 1 253 | ||
| Interest paid on borrowings and other liabilities | –202 | –171 | ||
| Commissions, employee benefit and other payments | –3 973 | –3 304 | ||
| Net cash flows from | ||||
| derivatives | –1 161 | 783 | ||
| financial instruments at fair value through profit or loss | –3 123 | –4 450 | ||
| financial assets available for sale | 2 341 | –628 | ||
| loans | –756 | –1 156 | ||
| investment property | –2 111 | –3 189 | ||
| financial liabilities | 394 | 3 244 | ||
| other operating assets and liabilities | –281 | 103 | ||
| Income taxes paid | –323 | –295 | ||
| Total net cash flows from operating activities | 296 | 464 | ||
Consolidated statement of cash flows for the years ended 31 December
| In CHF million | ||||||
|---|---|---|---|---|---|---|
| Notes | 2021 | 2020 | ||||
| Total net cash flows from operating activities | 296 | 464 | ||||
| Cash flows from investing activities | ||||||
| Purchases of investments in associates | –10 | –5 | ||||
| Sales of investments in associates | 45 | 3 | ||||
| Dividends received from associates | 4 | 10 | ||||
| Purchases of property and equipment | –72 | –28 | ||||
| Sales of property and equipment | 1 | 1 | ||||
| Purchases of computer software and other intangible assets | –17 | –15 | ||||
| Acquisitions of subsidiaries, net of cash and cash equivalents | 28 | –143 | –6 | |||
| Disposals of subsidiaries, net of cash and cash equivalents | – | 10 | ||||
| Total net cash flows from investing activities | –192 | –31 | ||||
| Cash flows from financing activities | ||||||
| Issuance of debt instruments | 20 | 894 | – | |||
| Redemption of debt instruments | 20 | –650 | – | |||
| Lease principal payments 1 | –38 | –39 | ||||
| Issuance of hybrid equity | 26 | 248 | – | |||
| Par value reduction | – | –159 | ||||
| Purchases of treasury shares | –425 | –43 | ||||
| Purchases of non-controlling interests | 2 | – | ||||
| Interest paid on hybrid equity | –11 | –9 | ||||
| Dividends paid to equity holders of Swiss Life Holding | –654 | –477 | ||||
| Dividends paid to non-controlling interests | –2 | –1 | ||||
| Total net cash flows from financing activities | –634 | –728 | ||||
| Total change in cash and cash equivalents | –530 | –295 | ||||
| Cash and cash equivalents as at 1 January | 7 865 | 8 247 | ||||
| Foreign currency differences | –127 | –87 | ||||
| Total change in cash and cash equivalents | –530 | –295 | ||||
| Total cash and cash equivalents as at end of period | 7 208 | 7 865 | ||||
| Components of cash and cash equivalents | ||||||
| Cash on hand and demand deposits | 6 366 | 5 179 | ||||
| Cash equivalents | 3 | 19 | ||||
| Cash and cash equivalents for the account and risk of the Swiss Life Group's customers | 839 | 2 667 | ||||
| Total cash and cash equivalents as at end of period | 7 208 | 7 865 | ||||
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1 Total cash outflow for leases CHF 44 million (2020: CHF 45 million)
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