Annual Report 2012 - Swiss Life

Amounts in CHF million
2012 2011 +/–
19 Segment Reporting
Key figures for insurance Germany
Gross written premiums, policy fees and deposits received 1 692 1 739 –2.7%
Net earned premiums and policy fees 1 543 1 618 –4.6%
Commission income 35 34 2.9%
Financial result 880 727 21.0%
Other income 1 2 –50.0%
Total income 2 460 2 381 3.3%
Net insurance benefits and claims –1 709 –1 776 –3.8%
Policyholder participation –334 –237 40.9%
Interest expense –13 –15 –13.3%
Operating expense –334 –295 13.2%
Total expense –2 390 –2 323 2.9%
Segment result 69 58 19.0%
Assets under control 19 476 17 944 8.5%
Insurance reserves 18 379 17 269 6.4%
Number of employees (full-time equivalents) 699 715 –2.2%
Segment result Insurance Germany
In CHF million
125
Premiums for Germany, by type of insurance
1
100
75
92
102
50
58
69
25
0
29
2008 2009 2010 2011 2012
2
1 Group
2 Individual
21%
79%
Swiss Life – Annual Report 2012