Consolidated Statement of Comprehensive Income
Consolidated statement of comprehensive income for the years ended 31 December
| In CHF million | ||||||
|---|---|---|---|---|---|---|
| Notes | 2024 | 2023 | ||||
| Net profit | 1 261 | 1 111 | ||||
| Other comprehensive income | ||||||
| Items that may be reclassified to the income statement | ||||||
| Exchange differences on translating foreign operations | 515 | –875 | ||||
| Net investment hedges | –439 | 532 | ||||
| Change in fair value of debt instruments measured at fair value through other comprehensive income | 245 | 4 898 | ||||
| Cash flow hedges | –243 | 5 | ||||
| Cost of hedging | 0 | 0 | ||||
| Net finance income/expenses from insurance contracts and investment contracts with discretionary participation | –422 | –5 272 | ||||
| Net finance income/expenses from reinsurance contracts held | 43 | 74 | ||||
| Share of other comprehensive income of associates | 0 | 0 | ||||
| Income tax | 78 | 66 | ||||
| Total | 22 | –222 | –572 | |||
| Items that will not be reclassified to the income statement | ||||||
| Revaluation surplus on investment property | 0 | –2 | ||||
| Remeasurements of defined benefit pension liability | –148 | –267 | ||||
| Change in fair value of equity instruments measured at fair value through other comprehensive income | 103 | 75 | ||||
| Fair value hedges of equity instruments measured at fair value through other comprehensive income | –51 | –23 | ||||
| Income tax | 15 | 35 | ||||
| Total | 22 | –80 | –181 | |||
| Net other comprehensive income | 22 | –302 | –753 | |||
| Total net comprehensive income | 958 | 358 | ||||
| Total net comprehensive income attributable to | ||||||
| equity holders of Swiss Life Holding | 922 | 346 | ||||
| non-controlling interests | 36 | 13 | ||||
| Total net comprehensive income | 958 | 358 | ||||