Consolidated income statement
Figures in CHF thousand | 2023 | 2022 | |
Net premiums earned | 7,813,440 | 7,590,151 | |
Net cost of claims and benefits | –7,569,487 | –7,164,871 | |
Allocated interest | 4,299 | 4,429 | |
Risk adjustment between insurers | 348,541 | 182,663 | |
Policyholder participation | –25,464 | –52,066 | |
Net operating expenses | –603,042 | –616,510 | |
Underwriting result | –31,713 | –56,204 | |
Investment income | 957,798 | 716,553 | |
Investment expenses | –551,285 | –1,606,466 | |
Change in provision for investment risk | –286,000 | 439,432 | |
Earnings from investments | 120,513 | –450,481 | |
Allocated interest expenses | –4,299 | –4,429 | |
Other operating income | 45,223 | 42,977 | |
Other operating expenses | –34,307 | –31,193 | |
Operating earnings | 95,417 | –499,332 | |
Non-operating earnings | –12,742 | –11,893 | |
Consolidated earnings before taxes | 82,675 | –511,225 | |
Deferred income taxes | 19,101 | –12,177 | |
Income taxes | –51,936 | 16 | |
Non-controlling interest | –369 | –711 | |
Consolidated earnings | 49,471 | –524,096 |