Profit and Appropriation of Profit
Annual profit amounts to CHF 880 422 140. 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 30.00 per share will be made from profit.
The proposal of the Board of Directors to the General Meeting of Shareholders on 28 April 2023 is based on shares entitled to a dividend as at 31 December 2022. 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 2 May 2023.
Profit shown in the balance sheet
| In CHF | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Balance carried forward from previous year | 130 485 | 816 058 | ||
| Dividend not paid on treasury shares | 23 931 225 | 18 163 131 | ||
| Annual profit | 880 422 140 | 784 365 470 | ||
| Total profit shown in the balance sheet | 904 483 849 | 803 344 660 | ||
Appropriation of profit
| In CHF | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Dividend | 924 776 610 | 788 214 175 | ||
| Allocation to legal reserves | – | – | ||
| Allocation to free reserves | – | 15 000 000 | ||
| Withdrawal from the free reserves | –20 292 761 | – | ||
| Balance carried forward to new account | – | 130 485 | ||
| Total profit shown in the balance sheet | 904 483 849 | 803 344 660 | ||
Zurich, 15 March 2023
For the Swiss Life Holding Board of Directors
Rolf Dörig Klaus Tschütscher