Consolidated Statement of Cash Flows
Consolidated statement of cash flows for the years ended 31 December
| In CHF million | ||||||
|---|---|---|---|---|---|---|
| 2023 | restated 2022 | |||||
| Cash flows from operating activities | ||||||
| Premiums, policy fees and deposits received, including investment components | 18 567 | 17 722 | ||||
| Insurance service expenses and insurance acquisition costs paid, including investment components | –21 649 | –17 204 | ||||
| Interest received | 2 819 | 2 580 | ||||
| Dividends received | 482 | 570 | ||||
| Commissions received | 1 890 | 1 989 | ||||
| Rentals received | 1 416 | 1 393 | ||||
| Interest paid on borrowings and other liabilities | –387 | –216 | ||||
| Commissions, employee benefit and other payments | –4 199 | –3 487 | ||||
| Net cash flows from | ||||||
| derivatives | 2 066 | –546 | ||||
| financial assets available for sale | – | 1 775 | ||||
| loans | – | –1 576 | ||||
| financial instruments measured at fair value through profit or loss | –3 465 | –2 380 | ||||
| financial assets measured at fair value through other comprehensive income | 3 362 | – | ||||
| financial assets measured at amortised cost | 210 | – | ||||
| investment property | –327 | –341 | ||||
| other financial liabities | 18 | 1 798 | ||||
| other operating assets and liabilities | 404 | –833 | ||||
| Income taxes paid | –326 | –260 | ||||
| Total net cash flows from operating activities | 881 | 986 | ||||
Consolidated statement of cash flows for the years ended 31 December
| In CHF million | ||||||
|---|---|---|---|---|---|---|
| Notes | 2023 | restated 2022 | ||||
| Total net cash flows from operating activities | 881 | 986 | ||||
| Cash flows from investing activities | ||||||
| Purchases of investments in associates | –15 | –4 | ||||
| Sales of investments in associates | 2 | 26 | ||||
| Dividends received from associates | 11 | 3 | 27 | |||
| Purchases of property and equipment | –89 | –60 | ||||
| Sales of property and equipment | 26 | 5 | ||||
| Purchases of computer software and other intangible assets | –20 | –23 | ||||
| Acquisitions of subsidiaries, net of cash and cash equivalents | 24 | –53 | 6 | |||
| Disposals of subsidiaries, net of cash and cash equivalents | 24 | 37 | 53 | |||
| Total net cash flows from investing activities | –111 | 29 | ||||
| Cash flows from financing activities | ||||||
| Issuance of debt instruments | 17 | 1 218 | 878 | |||
| Redemption of debt instruments | 17 | –1 270 | –470 | |||
| Lease principal payments 1 | 17 | –38 | –37 | |||
| Purchases of treasury shares | –442 | –726 | ||||
| Purchases of non-controlling interests | – | –1 | ||||
| Capital contributions from non-controlling interests | 1 | 2 | ||||
| Interest paid on hybrid equity | –13 | –13 | ||||
| Dividends paid to equity holders of Swiss Life Holding | 1 | –877 | –764 | |||
| Dividends paid to non-controlling interests | –8 | –4 | ||||
| Total net cash flows from financing activities | –1 430 | –1 135 | ||||
| Total change in cash and cash equivalents | –661 | –119 | ||||
| Cash and cash equivalents as at 1 January | 6 910 | 7 208 | ||||
| Foreign currency differences | –361 | –179 | ||||
| Total change in cash and cash equivalents | –661 | –119 | ||||
| Total cash and cash equivalents as at end of period | 5 888 | 6 910 | ||||
| Components of cash and cash equivalents | ||||||
| Cash on hand and demand deposits | 5 083 | 6 905 | ||||
| Cash equivalents | 805 | 5 | ||||
| Total cash and cash equivalents as at end of period | 5 888 | 6 910 | ||||
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1 Total cash outflow for leases: CHF 43 million (2022: CHF 47 million)
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