Consolidated Statement of Income
Consolidated statement of income for the years ended 31 December
| In CHF million | ||||||
|---|---|---|---|---|---|---|
| Notes | 2023 | restated 2022 | ||||
| Insurance revenue | 7 | 8 797 | 8 017 | |||
| Insurance service expenses | 7 | –7 445 | –6 588 | |||
| Net expenses from reinsurance contracts held | –143 | –149 | ||||
| Insurance service result | 1 209 | 1 280 | ||||
| Net investment result | ||||||
| Investment income | 7 | 3 849 | 3 891 | |||
| Net gains/losses including impairment losses on financial assets available for sale and loans and receivables | 7 | – | –906 | |||
| Net gains/losses including impairment losses on financial assets at fair value through other comprehensive income and amortised cost | 7 | –2 165 | – | |||
| Net gains/losses on financial instruments at fair value through profit or loss | 7 | 4 018 | –1 948 | |||
| Net gains/losses on investment property | 7 | –880 | 1 034 | |||
| Net finance expenses from insurance contracts and investment contracts with discretionary participation | 16 | –4 757 | –1 564 | |||
| Net finance income from reinsurance contracts held | 16 | 38 | 4 | |||
| Net investment result | 103 | 512 | ||||
| Commission income | 7 | 1 929 | 1 938 | |||
| Policy fees earned on investment contracts without discretionary participation | 66 | 74 | ||||
| Share of profit or loss of associates | 11 | 1 | 0 | |||
| Other income | 7 | 646 | 275 | |||
| Other interest expense | 7 | –284 | –87 | |||
| Other expenses | 7 | –2 172 | –2 251 | |||
| Profit from operations | 1 497 | 1 742 | ||||
| Borrowing costs | –132 | –120 | ||||
| Profit before income tax | 1 366 | 1 622 | ||||
| Income tax expense | 20 | –254 | –433 | |||
| Net profit | 1 111 | 1 189 | ||||
| Net profit attributable to | ||||||
| equity holders of Swiss Life Holding | 1 094 | 1 182 | ||||
| non-controlling interests | 18 | 7 | ||||
| Net profit | 1 111 | 1 189 | ||||
| Earnings per share attributable to shareholders of Swiss Life Holding | ||||||
| Basic earnings per share (in CHF) | 6 | 37.13 | 38.74 | |||
| Diluted earnings per share (in CHF) | 6 | 37.01 | 38.62 | |||