Consolidated Statement of Income
Consolidated statement of income for the years ended 31 December
| In CHF million | ||||||
|---|---|---|---|---|---|---|
| Notes | 2025 | 2024 | ||||
| Insurance revenue | 7 | 8 750 | 8 678 | |||
| Insurance service expenses | 7 | –7 542 | –7 608 | |||
| Net expenses from reinsurance contracts held | –71 | 12 | ||||
| Insurance service result | 1 137 | 1 083 | ||||
| Net investment result | ||||||
| Investment income | 7 | 3 741 | 3 924 | |||
| Net gains/losses including impairment losses on financial assets at fair value through other comprehensive income and amortised cost | 7 | –1 990 | 1 034 | |||
| Net gains/losses on financial instruments at fair value through profit or loss | 7 | 4 003 | 1 192 | |||
| Net gains/losses on investment property | 7 | 777 | 218 | |||
| Net finance expenses from insurance contracts and investment contracts with discretionary participation | 16 | –5 769 | –5 372 | |||
| Net finance income from reinsurance contracts held | 16 | 43 | 49 | |||
| Net investment result | 805 | 1 044 | ||||
| Commission income | 7 | 1 854 | 1 933 | |||
| Policy fees earned on investment contracts without discretionary participation | 63 | 67 | ||||
| Share of profit or loss of associates | 11 | –4 | –2 | |||
| Other income | 7 | 361 | 203 | |||
| Other interest expense | 7 | –173 | –257 | |||
| Other expenses | 7 | –2 215 | –2 289 | |||
| Profit from operations | 1 827 | 1 783 | ||||
| Borrowing costs | –160 | –146 | ||||
| Profit before income tax | 1 667 | 1 637 | ||||
| Income tax expense | 20 | –411 | –376 | |||
| Net profit | 1 256 | 1 261 | ||||
| Net profit attributable to | ||||||
| equity holders of Swiss Life Holding | 1 234 | 1 224 | ||||
| non-controlling interests | 22 | 36 | ||||
| Net profit | 1 256 | 1 261 | ||||
| Earnings per share attributable to shareholders of Swiss Life Holding | ||||||
| Basic earnings per share (in CHF) | 6 | 43.59 | 42.41 | |||
| Diluted earnings per share (in CHF) | 6 | 43.47 | 42.29 | |||