Income statement Swiss Re Ltd

For the years ended 31 December

CHF millions	Notes	2014	2015
Revenues
Investment income	2	3 974	3 563
Trademark licence fees		306	306
Other revenues		0	156
Total revenues		4 280	4 025

Expenses
Administrative expenses	3	–142	–112
Investment expenses	2	0	–1
Other expenses		–16	–20
Total expenses		–158	–133

Income before income tax expense		4 122	3 892
Income tax expense		–12	–27
Net income		4 110	3 865

The accompanying notes are an integral part of Swiss Re Ltd’s financial statements.