Strong Financial Performance
Net profit increased by 26% to CHF 276 million, with improvements in Non-life and Asset Management & Banking. The combined ratio improved by 2.6 percentage points to 90.6%, and return on equity rose to 15.5%.
Successful Strategic Execution
The refocusing strategy is on track, including a targeted reduction of 250 FTEs by 2027, with over 50% achieved in the first year.
Growth in Key Segments
Investment type premiums rose sharply by 41.2%, driven by Luxembourg and Belgium. Growth in Non-life was 3.1% in local currency, excluding portfolio exits in Belgium.
Planned Merger with Helvetia
Preparation for the merger is proceeding as planned, with expectations to complete the transaction by Q4 2025. The merger aims to create a leading insurance company in Europe.