Appropriation of Profit
Financial Part
Annual profit amounts to CHF 719 091 523. The Board of Directors proposes to the General Meeting of Shareholders that the profit be appropriated in accordance with the table below. If this proposal is adopted, an ordinary dividend of CHF 21.00 per share will be made from profit.
The proposal of the Board of Directors to the General Meeting of Shareholders on 28 April 2021 is based on shares entitled to a dividend as at 31 December 2020. Thus, the effective dividend payment and the resulting balance carried forward from the previous year are calculated on the basis of the share capital issued on the last trading day prior to the dividend payment, less the own capital shares held at that time. The last trading day with entitlement to receive the distribution is 26 April 2021.
Profit shown in the balance sheet
In CHF | 2020 | 2019 |
Balance carried forward from previous year | 373 786 | – |
Dividend not paid on treasury shares | 26 652 960 | – |
Annual profit | 719 091 523 | 758 292 876 |
TOTAL PROFIT SHOWN IN THE BALANCE SHEET | 746 118 269 | 758 292 876 |
Appropriation of profit
In CHF | 2020 | 2019 |
Dividend | 672 302 211 | 503 919 090 |
Allocation to legal reserves | ||
Allocation to free reserves | 73 000 000 | 254 000 000 |
Withdrawal from the free reserves | ||
Balance carried forward to new account | 816 058 | 373 786 |
TOTAL PROFIT SHOWN IN THE BALANCE SHEET | 746 118 269 | 758 292 876 |
Zurich, 15 March 2021
For the Swiss Life Holding Board of Directors
Rolf Dörig | Frank Schnewlin |