Full-year Results 2020
Selected P&L figures
CHF million (IFRS basis)
FY 2019
FY 2020
Gross written premiums, fees and deposits received
23 008
20 020
Fee and commission income
1 820
1 957
Net investment result insurance portfolio for own risk
4 588
3 717
Net insurance benefits and claims
-17 838
-15 629
Policyholder participation
-1 124
-910
Operating expense
-3 461
Profit from operations
Borrowing costs
Income tax expense
Net profit
Basic earnings per share (in CHF)
1 651
-123
-324
-3 463
1 472
-121
-300
1 205
1 051
36.6
32.9
1) In context of Swiss tax reform 2) In context of mentioned DoJ matter
8 | Investor presentation | Full-year results 2020
Incl. positive tax one-off¹)
of CHF 49 m
Incl. negative effect of
provision²) of CHF 55 m
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