Group financial years 2010–2019
USD millions |
2010 |
2011 |
2012¹ |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
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Income statement |
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Revenues |
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Premiums earned |
19 652 |
21 300 |
24 661 |
28 276 |
30 756 |
29 751 |
32 691 |
33 119 |
33 875 |
37 974 |
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Fee income |
918 |
876 |
785 |
542 |
506 |
463 |
540 |
586 |
586 |
620 |
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Net investment income |
5 422 |
5 469 |
5 302 |
4 735 |
4 992 |
4 236 |
4 740 |
4 702 |
5 077 |
5 175 |
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Net realised investment gains/losses |
2 783 |
388 |
2 688 |
3 325 |
1 059 |
1 220 |
5 787 |
4 048 |
–2 530 |
5 515 |
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Other revenues |
60 |
50 |
188 |
24 |
34 |
44 |
28 |
32 |
39 |
30 |
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Total revenues |
28 835 |
28 083 |
33 624 |
36 902 |
37 347 |
35 714 |
43 786 |
42 487 |
37 047 |
49 314 |
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Expenses |
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Claims and claim adjustment expenses |
–7 254 |
–8 810 |
–7 763 |
–9 655 |
–10 577 |
–9 848 |
–12 564 |
–16 730 |
–14 855 |
–18 683 |
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Life and health benefits |
–8 236 |
–8 414 |
–8 878 |
–9 581 |
–10 611 |
–9 080 |
–10 859 |
–11 083 |
–11 769 |
–13 087 |
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Return credited to policyholders |
–3 371 |
–61 |
–2 959 |
–3 678 |
–1 541 |
–1 166 |
–5 099 |
–3 298 |
1 033 |
–4 633 |
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Acquisition costs |
–3 679 |
–4 021 |
–4 548 |
–4 895 |
–6 515 |
–6 419 |
–6 928 |
–6 977 |
–6 919 |
–7 834 |
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Other operating costs and expenses |
–3 620 |
–3 902 |
–3 953 |
–4 268 |
–3 876 |
–3 882 |
–3 964 |
–3 874 |
–3 987 |
–4 168 |
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Total expenses |
–26 160 |
–25 208 |
–28 101 |
–32 077 |
–33 120 |
–30 395 |
–39 414 |
–41 962 |
–36 497 |
–48 405 |
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Income before income tax expense |
2 675 |
2 875 |
5 523 |
4 825 |
4 227 |
5 319 |
4 372 |
525 |
550 |
909 |
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Income tax expense |
–541 |
–77 |
–1 125 |
–312 |
–658 |
–651 |
–749 |
–132 |
–69 |
–140 |
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Net income before attribution of non-controlling interests |
2 134 |
2 798 |
4 398 |
4 513 |
3 569 |
4 668 |
3 623 |
393 |
481 |
769 |
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Income/loss attributable to non-controlling interests |
–154 |
–172 |
–141 |
–2 |
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–3 |
3 |
5 |
–19 |
–42 |
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Net income after attribution of non-controlling interests |
1 980 |
2 626 |
4 257 |
4 511 |
3 569 |
4 665 |
3 626 |
398 |
462 |
727 |
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Interest on contingent capital instruments, net of tax |
–1 117 |
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–56 |
–67 |
–69 |
–68 |
–68 |
–67 |
–41 |
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Net income attributable to common shareholders |
863 |
2 626 |
4 201 |
4 444 |
3 500 |
4 597 |
3 558 |
331 |
421 |
727 |
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Balance sheet |
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Assets |
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Investments |
156 947 |
162 224 |
152 812 |
150 075 |
143 987 |
137 810 |
155 016 |
161 897 |
147 302 |
103 746 |
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Other assets |
71 456 |
63 675 |
68 691 |
63 445 |
60 474 |
58 325 |
60 049 |
60 629 |
60 268 |
60 382 |
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Assets held for sale |
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74 439 |
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Total assets |
228 403 |
225 899 |
221 503 |
213 520 |
204 461 |
196 135 |
215 065 |
222 526 |
207 570 |
238 567 |
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Liabilities |
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Unpaid claims and claim adjustment expenses |
64 690 |
64 878 |
63 670 |
61 484 |
57 954 |
55 518 |
57 355 |
66 795 |
67 446 |
72 373 |
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Liabilities for life and health policy benefits |
39 551 |
39 044 |
36 117 |
36 033 |
33 605 |
30 131 |
41 176 |
42 561 |
39 593 |
19 836 |
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Unearned premiums |
6 305 |
8 299 |
9 384 |
10 334 |
10 576 |
10 869 |
11 629 |
11 769 |
11 721 |
13 365 |
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Other liabilities |
72 524 |
65 850 |
62 020 |
57 970 |
53 670 |
55 033 |
59 402 |
56 959 |
51 581 |
23 232 |
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Long-term debt |
18 427 |
16 541 |
16 286 |
14 722 |
12 615 |
10 978 |
9 787 |
10 148 |
8 502 |
10 138 |
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Liabilities held for sale |
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68 586 |
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Total liabilities |
201 497 |
194 612 |
187 477 |
180 543 |
168 420 |
162 529 |
179 349 |
188 232 |
178 843 |
207 530 |
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Shareholders’ equity |
25 342 |
29 590 |
34 002 |
32 952 |
35 930 |
33 517 |
35 634 |
34 124 |
27 930 |
29 251 |
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Non-controlling interests |
1 564 |
1 697 |
24 |
25 |
111 |
89 |
82 |
170 |
797 |
1 786 |
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Total equity |
26 906 |
31 287 |
34 026 |
32 977 |
36 041 |
33 606 |
35 716 |
34 294 |
28 727 |
31 037 |
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Earnings per share in USD |
2.52 |
7.68 |
11.85 |
12.97 |
10.23 |
13.44 |
10.72 |
1.03 |
1.37 |
2.46 |
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Earnings per share in CHF |
2.64 |
6.79 |
11.13 |
12.04 |
9.33 |
12.93 |
10.55 |
1.02 |
1.34 |
2.46 |
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