Annual Report 2012 - Swiss Life

Amounts in CHF million
2012 2011 +/–
10 Summary of Group results
KEY FIGURES FOR THE SWISS LIFE GROUP
Gross written premiums, policy fees and deposits received 17 046 17 143 –0.6%
Net earned premiums and policy fees 12 180 11 894 2.4%
Commission income 826 893 –7.5%
Financial result (without share of results of associates) 6 043 4 459 35.5%
Other income 25 45 –44.4%
Total income 19 075 17 291 10.3%
Net insurance benefits and claims –13 819 –12 614 9.6%
Policyholder participation –1 104 –791 39.6%
Interest expense –253 –274 –7.7%
Operating expense –3 552 –2 913 21.9%
Total expense –18 728 –16 592 12.9%
Result from operations 346 699 –50.5%
Net profit 93 606 –84.7%
Equity 10 286 9 162 12.3%
Insurance reserves 137 973 128 089 7.7%
Assets under management 161 740 147 018 10.0%
Assets under control 181 330 164 604 10.2%
Return on equity (in %) 0.9 7.3 –6.4 ppts
Number of employees (full-time equivalents) 7 046 7 168 –1.7%
Swiss Life – Annual Report 2012