Income statement Swiss Re Ltd

For the years ended 31 December

CHF millions	Notes	2015	2016
Revenues
Investment income	2	3 563	3 613
Trademark licence fees		306	339
Other revenues		156	263
Total revenues		4 025	4 215

Expenses
Administrative expenses	3	–112	–147
Investment expenses	2	–1	–1
Other expenses		–20	–70
Total expenses		–133	–218

Income before income tax expense		3 892	3 997
Income tax expense		–27	–25
Net income		3 865	3 972

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