Income statement
For the years ended 31 December
Download |
USD millions |
Note |
2012 |
2013 |
||
|
|||||
Revenues |
|
|
|
||
Premiums earned |
24 661 |
28 276 |
|||
Fee income from policyholders |
785 |
542 |
|||
Net investment income – non-participating |
4 473 |
3 947 |
|||
Net realised investment gains/losses – non-participating business (total impairments for the years ended 31 December were 215 in 2012 and 41 in 2013, of which 162 and 41, respectively, were recognised in earnings) |
947 |
766 |
|||
Net investment result – unit-linked and with-profit |
2 570 |
3 347 |
|||
Other revenues |
|
188 |
24 |
||
Total revenues |
|
33 624 |
36 902 |
||
|
|
|
|
||
Expenses |
|
|
|
||
Claims and claim adjustment expenses |
–7 763 |
–9 655 |
|||
Life and health benefits |
–8 878 |
–9 581 |
|||
Return credited to policyholders |
|
–2 959 |
–3 678 |
||
Acquisition costs |
–4 548 |
–4 895 |
|||
Other expenses |
|
–3 217 |
–3 508 |
||
Interest expenses |
|
–736 |
–760 |
||
Total expenses |
|
–28 101 |
–32 077 |
||
|
|
|
|
||
Income before income tax expense |
|
5 523 |
4 825 |
||
Income tax expense |
–1 125 |
–312 |
|||
Net income before attribution of non-controlling interests |
|
4 398 |
4 513 |
||
|
|
|
|
||
Income attributable to non-controlling interests |
|
–141 |
–2 |
||
Net income after attribution of non-controlling interests |
|
4 257 |
4 511 |
||
|
|
|
|
||
Interest on contingent capital instruments |
|
–56 |
–67 |
||
Net income attributable to common shareholders |
|
4 201 |
4 444 |
||
|
|
|
|
||
Earnings per share in USD |
|
|
|
||
Basic |
11.85 |
12.97 |
|||
Diluted |
11.06 |
11.89 |
|||
Earnings per share in CHF1 |
|
|
|
||
Basic |
11.13 |
12.04 |
|||
Diluted |
10.39 |
11.04 |
The accompanying notes are an integral part of the Group financial statements.