“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<\/span> technique was additionally very pleasing. We additional improved the enterprise combine in Spain<\/location> and elevated our share in Caser. Moreover, we’re efficiently accessing further sources of revenue with the price enterprise”, explains Philipp Gm\u00fcr<\/person>, Group CEO of Helvetia.<\/p>\n

Good earnings because of extraordinarily sturdy technical outcomes<\/p>\n

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

CHF 183.3 million<\/money> (first half of 2021: CHF 150.2 million<\/money>). 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<\/money> (first half of 2021:<\/p>\n

CHF 223.3 million<\/money>). Stronger financial savings and price outcomes contributed particularly to that.<\/p>\n

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.<\/p>\n

Non-life enterprise and price enterprise put up important development<\/p>\n

The Helvetia Group<\/org> 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<\/money> (first half of 2021: CHF 6,940.6 million<\/money>). On a currency-adjusted foundation, this represents a rise of 1.1%.<\/p>\n

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<\/money>. 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.<\/p>\n

In life insurance coverage, enterprise quantity amounted to CHF 2,629.4 million<\/money> (-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<\/location>, Germany<\/location> and Austria<\/location> grew significantly, whereas Helvetia, consistent with its technique, was cautious in promoting conventional assure merchandise.<\/p>\n

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

193.4 million. Helvetia is making superb progress in the direction of reaching its purpose of annual price revenue of over CHF 350 million<\/money> 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<\/location> and fee revenue from the Helvetia (CH) Swiss Property Fund<\/org>.<\/p>\n<\/div>\n