Menu

Download Center

Home

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
1 Total cash outflow for leases CHF 44 million (2020: CHF 45 million)