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Advert hoc announcement

pursuant to Artwork. 53 LR

St.Gallen, 8 September 2022

Helvetia impresses with worthwhile, above-market development and robust technical outcomes

A very powerful particulars in regards to the 2022 interim monetary statements at a look:

Worthwhile development and robust technical outcomes

  • Helvetia elevated its enterprise quantity by 1.1% on a currency-adjusted foundation to CHF 6,799.9 million. The primary development driver was the non-life enterprise with above-market,currency-adjusted development of 6.6% in all of the nation markets.
  • The IFRS end result after tax amounted to CHF 219.5 million. In a difficult atmosphere, the great end result was underpinned by profitable technical efficiency in all segments and enterprise areas.
  • Within the non-life enterprise, Helvetia achieved a rise in its technical end result to CHF 183.3 million, because of the great high quality of its portfolio and profitable development in enticing enterprise strains. In life insurance coverage, the margin after prices of CHF 216.1 million remained steady on the prior-year degree and confirmed improved financial savings and price ends in specific.

Wonderful capitalisation

  • Helvetia has excellent capitalisation with an “A+” ranking awarded by the S&P World Rankings (S&P) ranking company in addition to an estimated SST ratio in extra of 280% on the finish of June 2022 (1 January 2022: 260%).
  • The energy of Helvetia’s steadiness sheet can also be evident in its comfy financial dividend ca- pacity of CHF 0.8 billion (as at 31 December 2021).

helvetia 20.25 technique: improved enterprise combine and strengthened worldwide orientation

  • As a part of its profitable technique implementation, Helvetia diminished the share of life enterprise in to- tal enterprise quantity by means of the sale of the life insurance coverage firm Sa Nostra Vida and elevated its share in Caser on the similar time. Consequently, non-life enterprise has once more turn out to be extra signifi- cant.
  • With regard to additional development within the worldwide specialty insurance coverage and reinsurance enterprise in addition to within the space of embedded insurance coverage, Helvetia has realigned its enterprise in Liechtenstein below the identify Helvetia World Options.
  • In accordance with the technique, the price enterprise developed dynamically with currency-adjusted development of twenty-two.3%.

“Helvetia can look again on a profitable first half of 2022. We continued alongside the expansion path of latest years, gained market share throughout the board and achieved robust technical ends in doing so. The implementation of our helvetia 20.25 technique was additionally very pleasing. We additional improved the enterprise combine in Spain and elevated our share in Caser. Moreover, we’re efficiently accessing further sources of revenue with the price enterprise”, explains Philipp Gmür, Group CEO of Helvetia.

Good earnings because of extraordinarily sturdy technical outcomes

Working in a difficult atmosphere, Helvetia generated a powerful IFRS end result after tax of CHF 219.5 million within the first half of 2022 (first half of 2021: CHF 262.4 million). This good end result was based mostly on extraordinarily sturdy technical ends in all three segments Switzerland, Europe and Specialty Markets. Helvetia elevated its technical end result within the non-life enterprise to

CHF 183.3 million (first half of 2021: CHF 150.2 million). The rationale for the advance was the superb portfolio high quality and the profitable development in enticing enterprise strains. In life insur- ance, Helvetia posted a steady margin after prices of CHF 216.1 million (first half of 2021:

CHF 223.3 million). Stronger financial savings and price outcomes contributed particularly to that.

In the meantime, the funding ends in the non-life and life enterprise have been impacted by monetary market developments. These have been formed by uncertainties and volatility within the first half of 2022 relative to the robust efficiency within the earlier 12 months. Consequently, the Group’s IFRS end result after tax was considerably decrease total than within the profitable prior-year interval.

Non-life enterprise and price enterprise put up important development

The Helvetia Group efficiently continued on its development path with a concentrate on worthwhile enterprise areas throughout the first half of 2022. The enterprise quantity amounted to CHF 6,799.9 million (first half of 2021: CHF 6,940.6 million). On a currency-adjusted foundation, this represents a rise of 1.1%.

Total, the Group’s non-life enterprise proved a powerful development driver with currency-adjusted development of 6.6% to CHF 4,170.5 million. On this enterprise space, Helvetia posted positive factors in all segments on a broad foundation throughout varied strains of enterprise. Development exceeded the market in all nation markets. Helvetia was thus once more in a position to develop its market shares in its worthwhile core enterprise.

In life insurance coverage, enterprise quantity amounted to CHF 2,629.4 million (-6.7% in authentic cur- rency). Right here, Helvetia is constant to pursue its technique with a concentrate on capital-light enterprise. For instance, the enterprise quantity with investment-linked insurance coverage merchandise within the particular person life enterprise in Switzerland, Germany and Austria grew significantly, whereas Helvetia, consistent with its technique, was cautious in promoting conventional assure merchandise.

The price enterprise once more developed strongly in accordance with the helvetia 20.25 technique. Charge and fee revenue was 22.3% up over the prior-year interval in authentic forex at CHF

193.4 million. Helvetia is making superb progress in the direction of reaching its purpose of annual price revenue of over CHF 350 million by the top of the technique interval. The profitable development can mainly be attributed to the enlargement of the Well being & Care ecosystem in Spain and fee revenue from the Helvetia (CH) Swiss Property Fund.

Improved mixed ratio because of a resilient portfolio and decrease prices

Within the non-life enterprise, the Group web mixed ratio got here to 93.6% (first half of 2021: 94.5%) and thus improved by nearly one share level. The worth is inside the strategic goal vary of 92 to 94 %. Total, the non-life enterprise posted robust technical develop- ment. The portfolio thus proved resilient within the face of rising inflationary stress and the additional normalisation of claims frequencies in particular person enterprise strains following the pandemic. The non-life enterprise additionally developed positively on the fee aspect, as the continuing effectivity measures made their presence felt as did economies of scale because of the worthwhile development.

New enterprise margin improves additional

The brand new enterprise margin rose to three.4% (first half of 2021: 3.0% with out Caser), pushed by a extra helpful enterprise combine and better rates of interest. It thus exceeded the goal vary of 2-3%.

Sturdy capitalisation and cozy financial dividend capability

Helvetia’s capitalisation stays wonderful. Helvetia estimates that its SST ratio rose to above 280% as at 30 June 2022 (1 January 2022: 260%). The robust capitalisation can also be mirrored within the “A+” ranking of ranking company S&P World Rankings (S&P) in addition to the comfy financial dividend capability of CHF 0.8 billion (as at 31 December 2021).

Profitable technique implementation permits additional worthwhile development

A outstanding characteristic of the helvetia 20.25 technique is worthwhile development: with the sale of Sa Nostra Vida in Spain, Helvetia diminished the share of life enterprise in its whole enterprise quantity, which reduces the capital requirement. On the similar time, Helvetia elevated its stake within the Spanish insurer Caser to 80%. With each transactions, Helvetia has strengthened the importance of the non-life enterprise and can in future more and more profit from the dynamic development of Caser on this enterprise space.

Helvetia is creating right into a European monetary companies supplier for insurance coverage and pension provision. As introduced in March, the web insurer Smile is being rolled out in European mar- kets, beginning in Austria. Furthermore, the enterprise in Liechtenstein below the identify Helvetia World Options has been realigned in view of additional worldwide development alternatives. The main focus is being positioned on the worldwide specialty insurance coverage and reinsurance enterprise in addition to the realm of embedded insurance coverage.

An extra strategic precedence is taking new alternatives, particularly as regards the expansion of price enterprise. Helvetia is thereby accessing new sources of revenue, differentiating its enterprise combine and making itself extra impartial of rate of interest developments. “The dynamic development of the price enterprise is a very good instance of the robust additional improvement of Helvetia”, explains Philipp Gmür.

Improved sustainability ranking

Helvetia desires to contribute to the sustainable improvement of each the economic system and society. Varied sustainability successes have been achieved up to now. These achievements are additionally recognised externally, as proven by the latest upgrading of our ESG ranking to “A” by MSCI.


  • A media breakfast will probably be held at this time in Zurich at this time in German at 9.00 a.m. CEST. Phone participation is by way of the next numbers: +41 (0) 58 310 50 00 (Switzerland/Europe), +44 (0) 207 107 06 13 (UK), +1 (1) 631 570 56 13 (US).
  • There’ll then be a convention name for analysts and traders in English at 11.00 a.m. CEST. The dial-in numbers for the analysts’ convention are: +41 (0) 58 310 50 00 (Switzerland/Eu- rope), +44 (0) 207 107 06 13 (UK), +1 (1) 631 570 56 13 (US).
  • The convention name (English) will be heard reside on the Web atwww.helvetia.com. (Audio). A replay will probably be accessible at www.helvetia.comfrom round 4.30 p.m. CEST.
  • The interim report and the slides for the media and analysts’ convention can be found immedi- ately for obtain atwww.helvetia.com/half-year-results.
  • An evidence of the choice efficiency measures used will be discovered within the interim report from web page 31.
  • Watch the video interview with Group CEO Philipp Gmür atwww.helvetia.com/half-year-results.

For additional info please contact:



Philipp Schüpbach

Jonas Grossniklaus

Head of Investor Relations

Head of Media Relations

Telephone: +41 58 280 59 23

Telephone: +41 58 280 50 33

[email protected]

[email protected]

In regards to the Helvetia Group

Helvetia Group, with its headquarters in St. Gallen, has grown since 1858 to turn out to be a profitable insurance coverage group with over 12,000 workers and greater than 7 million prospects. It has been enabling its prospects to grab alternatives and minimise dangers for all that point – Helvetia is there for them when it issues. Helvetia is the most effective associate and is current in every single place that safety wants come up, with insurance coverage, pension and funding options from a single supply in addition to easy merchandise and processes. The insurance coverage group is aware of the enterprise, from cell phone insurance coverage and insurance coverage cowl for the Gotthard Base Tunnel to the long-term funding of buyer belongings. Helvetia develops and opens up new enterprise fashions with enthusiasm and drives ahead its personal enterprise in a strong and future-oriented method. It acts with foresight and duty in every thing it does: for the good thing about its shareholders, prospects and workers in addition to its companions, society and the atmosphere.

Helvetia is the main all-lines insurer in Switzerland. Within the Europe section comprising Ger- many, Italy, Austria and Spain, the corporate has firmly rooted market positions for producing above-average development. Within the Specialty Markets section, Helvetia gives tailor-made particular insurance coverage and reinsurance cowl worldwide. With a enterprise quantity of CHF 11.22 billion, Helvetia generated IFRS web revenue after tax of CHF 519.8 million within the 2021 monetary 12 months. The shares of Helvetia Holding AG are traded on SIX Swiss Trade.

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