Profit and Appropriation of Profit
Annual profit amounts to CHF 1 120 373 017. 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 33.00 per share will be made from profit.
The proposal of the Board of Directors to the General Meeting of Shareholders on 15 May 2024 is based on shares entitled to a dividend as at 31 December 2023. 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 16 May 2024.
Profit shown in the balance sheet
| In CHF | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Balance carried forward from previous year | – | 130 485 | ||
| Dividend not paid on treasury shares | 47 481 300 | 23 931 225 | ||
| Annual profit | 1 120 373 017 | 880 422 140 | ||
| Total profit shown in the balance sheet | 1 167 854 317 | 904 483 849 | ||
Appropriation of profit
| In CHF | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Dividend | 974 090 271 | 924 776 610 | ||
| Allocation to legal reserves | – | – | ||
| Allocation to voluntary retained earnings | 193 764 046 | – | ||
| Withdrawal from voluntary retained earnings | – | –20 292 761 | ||
| Balance carried forward to new account | – | – | ||
| Total profit shown in the balance sheet | 1 167 854 317 | 904 483 849 | ||
Zurich, 8 April 2024
For the Swiss Life Holding Board of Directors
Rolf Dörig Klaus Tschütscher