Profit and Appropriation of Profit
Annual profit amounts to CHF 784 365 470. The Board of Directors proposes to the General Meeting of Shareholders that the profit be appropriated in accordance with the table below. If this proposal is adopted, an ordinary dividend of CHF 25.00 per share will be made from profit.
The proposal of the Board of Directors to the General Meeting of Shareholders on 22 April 2022 is based on shares entitled to a dividend as at 31 December 2021. Swiss Life Holding Ltd waives a corresponding dividend in respect of treasury shares it holds at the time of distribution. Thus, the effective dividend payment and the resulting balance carried forward from the previous year are calculated on the basis of the share capital issued on the last trading day prior to the dividend payment, less the own capital shares held at that time. The last trading day with entitlement to receive the distribution is 25 April 2022.
Profit shown in the balance sheet
| In CHF | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Balance carried forward from previous year | 816 058 | 373 786 | ||
| Dividend not paid on treasury shares | 18 163 131 | 26 652 960 | ||
| Annual profit | 784 365 470 | 719 091 523 | ||
| Total profit shown in the balance sheet | 803 344 660 | 746 118 269 | ||
Appropriation of profit
| In CHF | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Dividend | 788 214 175 | 672 302 211 | ||
| Allocation to legal reserves | ||||
| Allocation to free reserves | 15 000 000 | 73 000 000 | ||
| Withdrawal from the free reserves | ||||
| Balance carried forward to new account | 130 485 | 816 058 | ||
| Total profit shown in the balance sheet | 803 344 660 | 746 118 269 | ||
Zurich, 14 March 2022
For the Swiss Life Holding Board of Directors
Rolf Dörig Klaus Tschütscher