Performance - Swiss Re 2017 Financial Condition Report

	Total		Life		Accident & Health		Motor		Marine, aviation, transport		Property		Casualty		Miscellaneous
CHF millions	2016	2017	2016	2017	2016	2017	2016	2017	2016	2017	2016	2017	2016	2017	2016	2017
Premiums written gross	22 976	22 529	4 444	4 431	3 053	2 925	4 019	3 702	803	714	6 217	6 769	3 057	2 626	1 383	1 362
Premiums written retroceded	–4 207	–3 822	–687	–810	–398	–436	–1 059	–639	–170	–120	–1 564	–1 573	–193	–103	–136	–141
Premiums written net	18 769	18 707	3 757	3 621	2 655	2 489	2 960	3 063	633	594	4 653	5 196	2 864	2 523	1 247	1 221
Change in unearned premiums gross	–1 112	–918	2	–3	–95	10	–269	–94	–25	–15	–33	–936	–451	119	–241	1
Change in unearned premiums retroceded	–77	–368	–2	1	26	–9	–45	–216	–18	–17	–53	–91	2	–45	13	9
Premiums earned	17 580	17 421	3 757	3 619	2 586	2 490	2 646	2 753	590	562	4 567	4 169	2 415	2 597	1 019	1 231
Other reinsurance revenues	1 003	1 439	710	1 172	197	192	8	23	1	2	47	–20	21	42	19	28
Allocated investment return	297	383	25	32	27	48	47	68	14	16	58	79	112	125	14	15
Total revenues from reinsurance business	18 880	19 243	4 492	4 823	2 810	2 730	2 701	2 844	605	580	4 672	4 228	2 548	2 764	1 052	1 274
Claims paid and claim adjustment expenses gross	–2 523	–10 547	–54	–2 983	–316	–1 732	77	–1 667	–132	–350	–1 944	–1 968	212	–1 370	–366	–477
Claims paid and claim adjustment expenses retroceded	2 375	–2 189	483	–3 460	128	–639	559	573	135	146	896	998	108	125	66	68
Change in unpaid claims gross	–8 545	–6 289	–431	–977	–1 626	246	–2 651	–1 074	–236	–236	–1 499	–3 463	–1 880	–459	–222	–326
Change in unpaid claims retroceded	304	1 112	–24	125	118	823	4	–151	–30	–16	256	368	–51	–65	31	28
Life and health benefits net	–3 653	3 492	–2 839	3 799	–814	–307
Change in equalisation provision		1 323										1 323
Claims incurred	–12 042	–13 098	–2 865	–3 496	–2 510	–1 609	–2 011	–2 319	–263	–456	–2 291	–2 742	–1 611	–1 769	–491	–707
Acquisition costs gross	–5 373	–5 421	–783	–938	–719	–763	–1 284	–1 197	–155	–147	–1 308	–1 193	–780	–783	–344	–400
Acquisition costs retroceded	1 223	1 088	76	84	87	103	536	436	52	48	356	321	80	55	36	41
Acquisition costs net	–4 150	–4 333	–707	–854	–632	–660	–748	–761	–103	–99	–952	–872	–700	–728	–308	–359
Operating costs	–804	–707	–205	–113	–89	–93	–39	–43	–42	–22	–289	–301	–44	–101	–96	–34
Other reinsurance expenses	–646	–878	–354	–735	–223	–120	–9	–5	–1	–2	–18	–15	–41	–1
Reinsurance result	1 238	227	361	–375	–644	248	–106	–284	196	1	1 122	298	152	165	157	174
Investment income	1 779	3 246
Investment expenses	–695	–317
Allocated investment return	–297	–383
Investment result	787	2 546
Other financial income	1 906	2 300
Other financial expenses	–2 254	–2 559
Operating result	1 677	2 514
Interest expenses on debt and subordinated liabilities	–418	–408
Other income	247	73
Other expenses	–405	–552
Extraordinary income and expenses		–226
Income before income tax expense	1 101	1 401
Income tax expense	–226	–192
Net income	875	1 209