Notes to the consolidated financial statements of the Helsana Group

1. Income statement – supplementary information on the business areas (divisions)

	Insurance under KVG ¹		Insurance under VVG ²		Insurance under UVG ³			Other ⁴		Elimination		Total
	2019	2018	2019	2018	2019	2018	2019	2018	2019	2018	2019	2018

Net premiums earned	4,888,190	4,646,110	1,713,328	1,718,703	141,715	135,931	0	0	0	–152	6,743,233	6,500,592

Net cost of claims and benefits	–4,944,050	–4,778,210	–1,276,258	–1,307,225	–119,697	–109,547	0	0	0	152	–6,340,004	–6,194,830

Allocated interest	0	0	0	0	9,895	10,082	0	0	0	0	9,895	10,082
Risk adjustment between insurers	445,820	575,911	0	0	0	0	0	0	0	0	445,820	575,911
Policyholder participation	–7,377	–8,871	–56,592	–50,733	–1,320	–1,418	0	0	0	0	–65,290	–61,022
Net operating expenses	–291,860	–299,266	–376,854	–331,677	–27,978	–24,539	0	0	0	0	–696,692	–655,482
Underwriting result	90,723	135,674	3,624	29,068	2,615	10,510	0	0	0	0	96,961	175,252

Investment income	276,209	167,322	405,714	190,392	116,004	70,810	121,116	69,000	–5,000	–4,000	914,043	493,524
Investment expenses	–115,434	–212,447	–143,337	–266,057	–39,185	–72,010	–49,350	–74,718	0	0	–347,307	–625,232
Change in provision for investment risk	–120,000	15,000	–25,000	11,000	–5,000	0	–25,000	–30,000	0	0	–175,000	–4,000
Earnings from investments	40,774	–30,125	237,377	–64,665	71,819	–1,201	46,767	–35,717	–5,000	–4,000	391,736	–135,708

Allocated interest expenses	0	0	0	0	–9,895	–10,082	0	0	0	0	–9,895	–10,082
Other operating income	9,384	8,758	30,173	31,010	460	584	374	1,271	–697	–912	39,694	40,711
Other operating expenses	–4,458	–2,838	–25,736	–20,875	–546	–483	–1,087	–599	697	912	–31,130	–23,883
Operating earnings	136,423	111,469	245,437	–25,463	64,453	–672	46,054	–35,045	–5,000	–4,000	487,367	46,290

Non-operating earnings	227	121	2,285	100	–19	–17	6,598	–1,251	0	0	9,090	–1,047

Consolidated earnings before taxes	136,650	111,590	247,722	–25,363	64,434	–689	52,652	–36,296	–5,000	–4,000	496,458	45,243

Deferred income taxes	0	0	–40,047	15,809	–9,683	3,329	10,460	107	0	0	–39,270	19,245
Income taxes	0	0	–19,304	–8,430	–1,074	–530	–206	–761	0	0	–20,584	–9,721
Non-controlling interest	0	0	0	0	0	0	–627	–702	0	0	–627	–702

Consolidated earnings	136,650	111,590	188,371	–17,984	53,677	2,110	62,280	–37,652	–5,000	–4,000	435,977	54,065

1 Insurance under KVG This segment comprises the companies that offer mandatory health care insurance and voluntary daily benefits insurance under the KVG.

2 Insurance under VVG This segment comprises the companies that offer insurance products under the VVG.

3 Insurance under UVG This segment comprises the companies that offer insurance products under the UVG.

4 Other This segment comprises all other companies.