j
Pages last visited
Q DE R J (0)

Consolidated statement of income for the years ended 31 December

i Excel-Download
In CHF millionNotes20172016
    
INCOME
Premiums earned on insurance contracts12 10012 402
Premiums earned on investment contracts with discretionary participation849985
Premiums ceded to reinsurers–157–159
Net earned premiums712 79113 228
Policy fees earned on insurance contracts1719
Policy fees earned on investment and unit-linked contracts296261
Net earned policy fees7313280
Commission income81 1561 071
Investment income5, 84 2704 285
Net gains/losses on financial assets5, 8651425
Net gains/losses on financial instruments at fair value through profit or loss5, 8–1 181–420
Net gains/losses on investment property5, 14651763
Share of profit or loss of associates5, 1539
Other income8113143
TOTAL INCOME 18 76919 784
EXPENSES   
Benefits and claims under insurance contracts –12 392–13 149
Benefits and claims under investment contracts with discretionary participation –867–1 009
Benefits and claims recovered from reinsurers 7094
Net insurance benefits and claims8–13 189–14 064
Policyholder participation–949–1 325
Interest expense8–144–162
Commission expense8–959–842
Employee benefits expense8–961–907
Depreciation and amortisation expense8–399–503
Impairment of property and equipment and intangible assets16 , 170–7
Other expenses8–691–583
TOTAL EXPENSES –17 292–18 393
PROFIT FROM OPERATIONS 1 4761 391
Borrowing costs –156–176
PROFIT BEFORE INCOME TAX 1 3201 215
Income tax expense24–308–289
NET PROFIT 1 013926
    
Net profit attributable to   
equity holders of Swiss Life Holding 1 007922
non-controlling interests 64
NET PROFIT 1 013926
    
Earnings per share attributable to equity holders of Swiss Life Holding   
Basic earnings per share (in CHF)630.9828.92
Diluted earnings per share (in CHF)629.6327.27