Capital management
SRCS is the holding entity of Swiss Re’s Corporate Solutions Business Unit. It plans, assesses and steers its own risk and solvency position in combination with the risk and solvency positions of its subsidiaries.
For the Group and its Swiss-regulated Business Unit holding companies, Swiss Reinsurance Company Ltd and SRCS, the Group Risk Policy sets SST capitalisation targets on a consolidated basis, which define the capitalisation objective for executive management in normal operating circumstances. Target capital is used as a basis to coordinate capital planning and capital management actions. Any deviation from target capitalisation must be restored as soon as practical, and in any event over the applicable three-year plan. Surplus capital is expected to be made available to the Group holding company.
Change in shareholder’s equity
| Download |
CHF millions |
Share capital |
Legal capital reserves |
Voluntary profit reserves |
Loss brought forward |
Net income for the financial year |
Total shareholder’s equity |
Shareholder’s equity 1.1.2017 |
100 |
1 394 |
26 |
8 |
176 |
1 704 |
Capital injection 1.11.2017 |
|
1 002 |
|
|
|
1 002 |
Allocation to voluntary profit reserves |
|
|
170 |
|
–170 |
0 |
Allocation to retained earnings |
|
|
|
6 |
–6 |
0 |
Dividend for the financial year 2016 |
|
|
–150 |
|
|
–150 |
Net result for the year |
|
|
|
|
–904 |
–904 |
Shareholder’s equity 31.12.2017 |
100 |
2 396 |
46 |
14 |
–904 |
1 652 |
|
|
|
|
|
|
|
Shareholder’s equity 1.1.2018 |
100 |
2 396 |
46 |
14 |
–904 |
1 652 |
Allocation to voluntary profit reserves |
|
–905 |
905 |
|
|
0 |
Allocation to retained earnings |
|
|
|
–904 |
904 |
0 |
Dividend for the financial year 2017 |
|
|
–48 |
|
|
–48 |
Net result for the year |
|
|
|
|
–498 |
–498 |
Shareholder’s equity 31.12.2018 |
100 |
1 491 |
903 |
–890 |
–498 |
1 106 |