Consolidated Statement of Income
Consolidated statement of income for the years ended 31 December
| In CHF million | ||||||
|---|---|---|---|---|---|---|
| Notes | 2024 | 2023 | ||||
| Insurance revenue | 7 | 8 678 | 8 797 | |||
| Insurance service expenses | 7 | –7 608 | –7 445 | |||
| Net expenses from reinsurance contracts held | 12 | –143 | ||||
| Insurance service result | 1 083 | 1 209 | ||||
| Net investment result | ||||||
| Investment income | 7 | 3 924 | 3 849 | |||
| Net gains/losses including impairment losses on financial assets at fair value through other comprehensive income and amortised cost | 7 | 1 034 | –2 165 | |||
| Net gains/losses on financial instruments at fair value through profit or loss | 7 | 1 192 | 4 018 | |||
| Net gains/losses on investment property | 7 | 218 | –880 | |||
| Net finance expenses from insurance contracts and investment contracts with discretionary participation | 16 | –5 372 | –4 757 | |||
| Net finance income from reinsurance contracts held | 16 | 49 | 38 | |||
| Net investment result | 1 044 | 103 | ||||
| Commission income | 7 | 1 933 | 1 929 | |||
| Policy fees earned on investment contracts without discretionary participation | 67 | 66 | ||||
| Share of profit or loss of associates | 11 | –2 | 1 | |||
| Other income | 7 | 203 | 646 | |||
| Other interest expense | 7 | –257 | –284 | |||
| Other expenses | 7 | –2 289 | –2 172 | |||
| Profit from operations | 1 783 | 1 497 | ||||
| Borrowing costs | –146 | –132 | ||||
| Profit before income tax | 1 637 | 1 366 | ||||
| Income tax expense | 20 | –376 | –254 | |||
| Net profit | 1 261 | 1 111 | ||||
| Net profit attributable to | ||||||
| equity holders of Swiss Life Holding | 1 224 | 1 094 | ||||
| non-controlling interests | 36 | 18 | ||||
| Net profit | 1 261 | 1 111 | ||||
| Earnings per share attributable to shareholders of Swiss Life Holding | ||||||
| Basic earnings per share (in CHF) | 6 | 42.41 | 37.13 | |||
| Diluted earnings per share (in CHF) | 6 | 42.29 | 37.01 | |||