Helvetia reports a robust result for 2023, increases its dividend and successfully implements its strategy - Seite 2

• Helvetia successfully continued on its selective growth path with a focus on profitable and capital-efficient business fields and increased its business volume by 7.2% to CHF 11,311.3 million on a currency-adjusted basis.
• This growth was driven by the Specialty Markets segment and the non-life business in all markets. In particular, Switzerland, Spain and Austria once again grew above the market average.
• Helvetia also increased its fee and commission income to CHF 390.5 million (2022: CHF 350.9 million). This growth can primarily be attributed to the expansion of non-insurance business in Spain. The fee business contributed more than 5% to IFRS net income.
• Helvetia is currently conducting a review of the Group strategy. The results will be presented in December as part of Capital Markets Day.

"Helvetia reported a robust result for 2023. It did so in a challenging market characterised by an accumulation of natural events. I would like to thank all of our employees for the contribution they made to this result last year as well as for the great commitment they demonstrated towards our customers, especially in the face of the aforementioned serious weather events", says Fabian Rupprecht, Group CEO of Helvetia, on the 2023 annual financial statements. He adds: "At the same time, last year also showed how important the excellent management of our core business is. We are continuing to place a clear focus on this aspect so as to enable us to strengthen our technical profitability against the backdrop of a challenging market environment."

Helvetia has been reporting in accordance with the IFRS 17 and IFRS 9 accounting standards since 2023. All prior-year figures are presented on a comparative basis.

Helvetia generated underlying earnings of CHF 372.5 million in 2023 (2022: CHF 492.9 million). A focus has been placed on this key figure for the first time in the 2023 annual results. It shows how the insurance business is performing, irrespective of financial market volatility or other non-operating influences. In 2023, underlying earnings were influenced by extraordinarily high claims from natural catastrophes and large claims events in the non-life business in Switzerland and Europe. In life insurance, Helvetia posted a solid result that slightly exceeded that of the previous year. The result was supported by the CSM release.