Income statement
For the years ended 31 December
| Download |
|
USD millions |
Note |
2011 |
2012 | ||
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Revenues |
|
|
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|
Premiums earned |
21 300 |
24 661 | |||
|
Fee income from policyholders |
876 |
785 | |||
|
Net investment income – non-participating |
4 626 |
4 473 | |||
|
Net realised investment gains/losses – non-participating business (total impairments for the years ended 31 December were 435 in 2011 and 215 in 2012, of which 254 and 162, respectively, were recognised in earnings) |
1 634 |
947 | |||
|
Net investment result – unit-linked and with-profit |
–403 |
2 570 | |||
|
Other revenues |
|
50 |
188 | ||
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Total revenues |
|
28 083 |
33 624 | ||
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|
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Expenses |
|
|
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Claims and claim adjustment expenses |
–8 810 |
–7 763 | |||
|
Life and health benefits |
–8 414 |
–8 878 | |||
|
Return credited to policyholders |
|
–61 |
–2 959 | ||
|
Acquisition costs |
–4 021 |
–4 548 | |||
|
Other expenses |
|
–3 051 |
–3 217 | ||
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Interest expenses |
|
–851 |
–736 | ||
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Total expenses |
|
–25 208 |
–28 101 | ||
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|
|
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Income before income tax expense |
|
2 875 |
5 523 | ||
|
Income tax expense |
–77 |
–1 125 | |||
|
Net income before attribution of non-controlling interests |
|
2 798 |
4 398 | ||
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|
|
|
| ||
|
Income attributable to non-controlling interests |
|
–172 |
–141 | ||
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Net income after attribution of non-controlling interests |
|
2 626 |
4 257 | ||
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|
|
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Interest on contingent capital instruments |
|
0 |
–56 | ||
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Net income attributable to common shareholders |
|
2 626 |
4 201 | ||
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|
|
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Earnings per share in USD |
|
|
| ||
|
Basic |
7.68 |
11.85 | |||
|
Diluted |
7.49 |
11.06 | |||
|
Earnings per share in CHF1 |
|
|
| ||
|
Basic |
6.79 |
11.13 | |||
|
Diluted |
6.63 |
10.39 | |||
The accompanying notes are an integral part of the Group financial statements.