Economic net worth in 2012
EVM results for 2012
Group CFO George Quinn summarises the annual EVM 2012 results here. The 2012 EVM Report, showing Swiss Re’s results for the full year 2012, is available on swissre.com/investors/financial_information
Economic net worth (ENW) is defined as the difference between the market value of assets and the market consistent value of liabilities. ENW is the EVM measure of shareholders’ equity and the starting point in determining available capital for SST calculations.
In 2012, ENW increased by USD 4.9 billion from USD 29.0 billion at the end of December 2011. 2012 EVM income of USD 5.2 billion was partially offset by the Swiss Re Group’s dividend payments and changes in the EVM accounting principles.
Economic net worth
| Download |
|
USD billions |
2011 |
2012 |
Change in % |
|
Property & Casualty |
13.2 |
15.6 |
18 |
|
Life & Health |
11.2 |
9.0 |
–20 |
|
Reinsurance |
24.4 |
24.6 |
1 |
|
Corporate Solutions |
2.6 |
3.7 |
42 |
|
Admin Re® |
4.5 |
4.9 |
8 |
|
Group items |
0.7 |
3.4 |
– |
|
Consolidation |
–3.2 |
–2.7 |
–14 |
|
Total |
29.0 |
33.9 |
17 |