Consolidated Statement of Comprehensive Income
Consolidated statement of comprehensive income for the years ended 31 December
| In CHF million | ||||||
|---|---|---|---|---|---|---|
| Notes | 2023 | restated 2022 | ||||
| Net profit | 1 111 | 1 189 | ||||
| Other comprehensive income | ||||||
| Items that may be reclassified to the income statement | ||||||
| Exchange differences on translating foreign operations | –875 | –321 | ||||
| Net investment hedges | 532 | 90 | ||||
| Change in fair value of financial assets available for sale | – | –22 721 | ||||
| Change in fair value of debt securities reclassified to loans and receivables | – | 6 | ||||
| Change in fair value of debt instruments measured at fair value through other comprehensive income | 4 898 | – | ||||
| Cash flow hedges | 5 | –1 089 | ||||
| Cost of hedging | 0 | – | ||||
| Net finance income/expenses from insurance contracts and investment contracts with discretionary participation | –5 272 | 23 619 | ||||
| Net finance income/expenses from reinsurance contracts held | 74 | –85 | ||||
| Share of other comprehensive income of associates | 0 | 0 | ||||
| Income tax | 66 | 55 | ||||
| Total | 22 | –572 | –448 | |||
| Items that will not be reclassified to the income statement | ||||||
| Revaluation surplus on investment property | –2 | –3 | ||||
| Remeasurements of defined benefit pension liability | –267 | 637 | ||||
| Change in fair value of equity instruments measured at fair value through other comprehensive income | 75 | – | ||||
| Fair value hedges of equity instruments measured at fair value through other comprehensive income | –23 | – | ||||
| Income tax | 35 | –106 | ||||
| Total | 22 | –181 | 528 | |||
| Net other comprehensive income | 22 | –753 | 80 | |||
| Total net comprehensive income | 358 | 1 269 | ||||
| Total net comprehensive income attributable to | ||||||
| equity holders of Swiss Life Holding | 346 | 1 266 | ||||
| non-controlling interests | 13 | 3 | ||||
| Total net comprehensive income | 358 | 1 269 | ||||