Consolidated Statement of Comprehensive Income
Consolidated statement of comprehensive income for the years ended 31 December
| In CHF million | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Net profit | 1 257 | 1 051 | ||
| Other comprehensive income | ||||
| Items that may be reclassified to the income statement | ||||
| Exchange differences on translating foreign operations | –153 | –347 | ||
| Net investment hedges | –22 | 321 | ||
| Financial assets available for sale | –4 092 | 2 880 | ||
| Cash flow hedges | –335 | 259 | ||
| Debt securities reclassified to loans and receivables | 2 | 9 | ||
| Adjustments relating to items that may be reclassified: | ||||
| Policyholder participation | 2 855 | –2 478 | ||
| Shadow accounting | 129 | –43 | ||
| Income tax | 307 | –145 | ||
| Total | –1 310 | 456 | ||
| Items that will not be reclassified to the income statement | ||||
| Revaluation surplus on investment property | –4 | 0 | ||
| Remeasurements on defined benefit pension liability | 333 | 0 | ||
| Adjustments relating to items that will not be reclassified: | ||||
| Policyholder participation | –179 | –4 | ||
| Shadow accounting | 0 | 0 | ||
| Income tax | –32 | 1 | ||
| Total | 117 | –3 | ||
| Net other comprehensive income | –1 193 | 453 | ||
| Total net comprehensive income | 63 | 1 505 | ||
| Total net comprehensive income attributable to | ||||
| equity holders of Swiss Life Holding | 56 | 1 499 | ||
| non-controlling interests | 8 | 5 | ||
| Total net comprehensive income | 63 | 1 505 | ||