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Annual Report 2015

Financial highlights

In a challenging business environment, our Group earned a strong 2015 net income of USD 4.6 billion.

Financial highlights

For the years ended 31 December

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USD millions, unless otherwise stated

2014

2015

Change in %

1

Return on equity is calculated by dividing net income attributable to common shareholders by average common shareholders’ equity.

2

Regular staff

3

Gross cash generation is the change in excess capital available over and above the target capital position, with the target capital being the minimum statutory capital plus the additional capital required by Admin Re®’s capital management policy.

Group

 

 

 

Net income attributable to common shareholders

3 500

4 597

31

Premiums earned and fee income

31 262

30 214

–3

Earnings per share in CHF

9.33

12.93

39

Common shareholders’ equity

34 828

32 415

–7

Return on equity1 in %

10.5

13.7

 

Return on investments in %

3.7

3.5

 

Number of employees2

12 224

12 767

4

 

 

 

 

Property & Casualty Reinsurance

 

 

 

Net income attributable to common shareholders

3 564

2 977

–16

Premiums earned

15 598

15 090

–3

Combined ratio in %

83.7

86.0

 

Return on equity1 in %

26.7

22.2

 

 

 

 

 

Life & Health Reinsurance

 

 

 

Net income attributable to common shareholders

–462

939

 

Premiums earned and fee income

11 265

10 963

–3

Operating margin in %

2.6

9.9

 

Return on equity1 in %

–7.9

15.7

 

 

 

 

 

Corporate Solutions

 

 

 

Net income attributable to common shareholders

319

340

7

Premiums earned

3 444

3 379

–2

Combined ratio in %

93.0

93.8

 

Return on equity1 in %

12.5

14.8

 

 

 

 

 

Admin Re®

 

 

 

Net income attributable to common shareholders

34

422

 

Premiums earned and fee income

955

782

–18

Gross cash generation3

945

543

–43

Return on equity1 in %

0.6

7.5