Consolidated Statement of Cash Flows
Consolidated statement of cash flows for the years ended 31 December
| In CHF million | ||||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | |||||
| Cash flows from operating activities | ||||||
| Premiums, policy fees and deposits received, including investment components | 19 864 | 18 567 | ||||
| Insurance service expenses and insurance acquisition costs paid, including investment components | –23 522 | –21 649 | ||||
| Interest received | 2 900 | 2 819 | ||||
| Dividends received | 740 | 482 | ||||
| Commissions received | 1 890 | 1 890 | ||||
| Rentals received | 1 434 | 1 416 | ||||
| Interest paid on borrowings and other liabilities | –412 | –387 | ||||
| Commissions, employee benefit and other payments | –3 243 | –4 199 | ||||
| Net cash flows from | ||||||
| derivatives | –1 541 | 2 066 | ||||
| financial assets measured at fair value through profit or loss | –4 164 | –3 465 | ||||
| financial assets measured at fair value through other comprehensive income | 4 616 | 3 362 | ||||
| financial assets measured at amortised cost | 996 | 210 | ||||
| investment property | 181 | –327 | ||||
| other financial liabities | 743 | 18 | ||||
| other operating assets and liabilities | 52 | 404 | ||||
| Income taxes paid | –347 | –326 | ||||
| Total net cash flows from operating activities | 186 | 881 | ||||
Consolidated statement of cash flows for the years ended 31 December
| In CHF million | ||||||
|---|---|---|---|---|---|---|
| Notes | 2024 | 2023 | ||||
| Total net cash flows from operating activities | 186 | 881 | ||||
| Cash flows from investing activities | ||||||
| Purchases of investments in associates | –326 | –15 | ||||
| Sales of investments in associates | – | 2 | ||||
| Dividends received from associates | 11 | 3 | 3 | |||
| Purchases of property and equipment | –110 | –89 | ||||
| Sales of property and equipment | 1 | 26 | ||||
| Purchases of computer software and other intangible assets | –20 | –20 | ||||
| Acquisitions of subsidiaries, net of cash and cash equivalents | 24 | –13 | –53 | |||
| Disposals of subsidiaries, net of cash and cash equivalents | 24 | – | 37 | |||
| Total net cash flows from investing activities | –465 | –111 | ||||
| Cash flows from financing activities | ||||||
| Issuance of debt instruments | 17 | 1 669 | 1 218 | |||
| Redemption of debt instruments | 17 | –600 | –1 270 | |||
| Lease principal payments 1 | 17 | –40 | –38 | |||
| Repayment of hybrid equity | –425 | – | ||||
| Purchases of treasury shares | –214 | –442 | ||||
| Capital contributions from non-controlling interests | 3 | 1 | ||||
| Interest paid on hybrid equity | –13 | –13 | ||||
| Dividends paid to equity holders of Swiss Life Holding | 1 | –945 | –877 | |||
| Dividends paid to non-controlling interests | –15 | –8 | ||||
| Total net cash flows from financing activities | –580 | –1 430 | ||||
| Total change in cash and cash equivalents | –859 | –661 | ||||
| Cash and cash equivalents as at 1 January | 5 888 | 6 910 | ||||
| Foreign currency differences | 27 | –361 | ||||
| Total change in cash and cash equivalents | –859 | –661 | ||||
| Total cash and cash equivalents as at end of period | 5 055 | 5 888 | ||||
| Components of cash and cash equivalents | ||||||
| Cash on hand and demand deposits | 4 591 | 5 083 | ||||
| Cash equivalents | 464 | 805 | ||||
| Total cash and cash equivalents as at end of period | 5 055 | 5 888 | ||||
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1 Total cash outflow for leases: CHF 46 million (2023: CHF 43 million)
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