Annual Report 2012 - Swiss Life

More documents

Recommendations

Info

Number of shares 2012 2011 204 Consolidated Financial Statements Other Provisions Other provisions were primarily set up for warranties and litigation. Also included in other provisions are customer claims mainly relating to AWD. 27 Equity Share capital As at 31 December 2012 and 2011, the share capital of SLH consisted of 32 081 054 fully-paid shares with a par value of CHF 5.10 each. In exercising voting rights, no shareholder can collect more than 10% of the total share capital directly or indirectly in respect of own shares or shares they represent. Conditional share capital was CHF 12 032 868.60 as at 31 December 2012 (2011: CHF 12 032 868.60). As approved by the shareholders at the General Meeting of Swiss Life Holding (SLH) on 5 May 2011, a reduction in the par value of CHF 4.50 per registered SLH share was effected in 2011. The payout took place on 28 July 2011 and led to a reduction in the share capital of SLH of CHF 144 million. Share premium Share premium comprises additional paid-in capital in excess of the par value (net of transaction costs), gains/losses on own equity instruments and equity compensation benefits. In 2012, a distribution to shareholders out of the capital contribution reserve of CHF 144 million (CHF 4.50 per registered share) was made. Due to the reduction in the par value of CHF 4.50 per registered SLH share in 2011, an amount of CHF 1 million was credited to share premium in respect of treasury shares. Number of shares The following table shows the development of SLH shares issued and treasury shares held by the Swiss Life Group during the period: Shares issued Shares issued as at end of period 32 081 054 32 081 054 Treasury shares Balance as at 1 January 224 330 168 556 Purchases of treasury shares 10 000 66 900 Sales of treasury shares –10 000 –11 126 Allocation under equity compensation plans –73 978 – Balance as at end of period 150 352 224 330 Swiss Life – Annual Report 2012
205 Consolidated Financial Statements Foreign currency translation differences Foreign currency translation differences comprise the resulting differences arising on the translation of assets, liabilities, income and expenses of Group entities denominated in foreign currencies into Swiss francs. Gains/losses recognised directly in equity Gains/losses recognised directly in equity comprise fair value changes of available-for-sale investments, unrealised losses on financial assets reclassified from available for sale to loans due to the disappearance of an active market, revaluation surpluses on the transfer of owner-occupied property to investment property and the effective portion of the gain or loss on hedging derivatives in qualifying cash flow hedges. These amounts are net of certain policyholder bonuses and other policyholder liabilities, deferred acquisition costs, deferred income taxes and non-controlling interests. Amounts recognised directly in equity for the year 2012 In CHF million Foreign currency translation differences Gains/losses recognised directly in equity Total Financial assets Cash flow Notes available for sale hedges Other Total Net balance as at 1 January –833 1 523 145 –124 1 544 711 Net other comprehensive income –22 971 153 68 1 192 1 170 Net balance as at end of period –855 2 494 299 –56 2 736 1 882 Details of net other comprehensive income Gains/losses arising during the period –25 4 567 – – 4 567 4 542 Hedging gains/losses arising during the period 9 3 – 408 – 408 412 Revaluation surplus on investment property 17 – – – 62 62 62 Share of other comprehensive income of associates 16 – – – 0 0 0 Gains/losses on assets held for sale – – – 1 1 1 Gains/losses transferred to the income statement 8, 9 – –753 – 170 –583 –583 Effects of policyholder participation – –2 506 –219 –128 –2 854 –2 854 shadow accounting – –11 6 –13 –19 –19 income tax 0 –326 –41 –23 –390 –390 disposals of subsidiaries 0 – – 0 0 0 foreign currency translation differences – 0 0 0 0 0 Net other comprehensive income before non-controlling interests –21 972 153 67 1 192 1 171 Non-controlling interests 0 0 0 0 0 0 Net other comprehensive income –22 971 153 68 1 192 1 171 Swiss Life – Annual Report 2012
Page 1:
Swiss Life Group annual report 2012
Page 4 and 5:
4 Facts & Figures The Swiss Life
Page 6 and 7:
6 Shareholder’s Letter Dear Share
Page 8 and 9:
8 Summary of Group results Summary
Page 10 and 11:
Amounts in CHF million 2012 2011 +/
Page 12 and 13:
12 Segment Reporting Segment Report
Page 14 and 15:
14 Segment Reporting New products l
Page 16 and 17:
16 Segment Reporting insurance Fran
Page 18 and 19:
18 Segment Reporting insurance Germ
Page 20 and 21:
20 Segment Reporting insurance inte
Page 22 and 23:
22 Segment Reporting Investment Man
Page 24 and 25:
24 Segment Reporting AWD The AWD Gr
Page 26 and 27:
26 Corporate Governance Corporate G
Page 28 and 29:
28 Corporate Governance Talanx AG,
Page 30 and 31:
30 Corporate Governance decreased t
Page 32 and 33:
32 Corporate Governance The accepta
Page 34 and 35:
34 Corporate Governance FRANK SCHNE
Page 36 and 37:
36 Corporate Governance HENRY PETER
Page 38 and 39:
38 Corporate Governance The Board o
Page 40 and 41:
40 Corporate Governance also regula
Page 42 and 43:
42 Corporate Governance Management
Page 44 and 45:
44 Corporate Governance MEMBERS OF
Page 46 and 47:
46 Corporate Governance Other appoi
Page 48 and 49:
48 Corporate Governance Transfer of
Page 50 and 51:
50 Corporate Governance The Board o
Page 52 and 53:
52 Corporate Governance COMPENSATIO
Page 54 and 55:
54 Corporate Governance In the same
Page 56 and 57:
56 Corporate Governance The number
Page 58 and 59:
58 Corporate Governance HIGHEST TOT
Page 60 and 61:
60 Corporate Governance Shareholder
Page 62 and 63:
62 Corporate Governance SUPERVISORY
Page 64 and 65:
64 Risk Management Risk Management
Page 66 and 67:
66 Market Consistent Embedded Value
Page 68 and 69:
Page 70 and 71:
In CHF million 2012 2011 70 Market
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
In CHF million Switzerland France G
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
100 Market Consistent Embedded Valu
Page 102 and 103:
102 Market Consistent Embedded Valu
Page 104 and 105:
104 Consolidated Financial Statemen
Page 106 and 107:
In CHF million Notes 2012 2011 106
Page 108 and 109:
In CHF million Notes 31.12.2012 31.
Page 110 and 111:
In CHF million 2012 2011 110 Consol
Page 112 and 113:
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
In CHF million Notes 31.12.2012 31.
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155: 154 Consolidated Financial Statemen
Page 158 and 159: In CHF million CHF EUR USD GBP JPY
Page 164 and 165: In CHF million 31.12.2012 31.12.201
Page 170 and 171: In CHF million 2012 2011 In CHF mil
Page 172 and 173: In CHF million Notes 2012 2011 In C
Page 174 and 175: In CHF million Notes 2012 2011 In C
Page 180 and 181: In CHF million 2012 2011 180 Consol
Page 194 and 195: In CHF million 2012 2011 194 Consol
Page 208 and 209: In CHF million 2012 208 Consolidate
Page 210 and 211: In CHF million 01.04.2011 210 Conso
Page 226 and 227: 226 Swiss Life Holding Financial St
Page 228 and 229: In CHF million 2012 2011 228 Swiss
Page 230 and 231: As % of total share capital 31.12.2
Page 232 and 233: In CHF million 2012 2011 232 Swiss
Page 250 and 251: 250 Share Performance and Historica
Page 252 and 253: 252 Contacts and Publishing Details
Page 254:
130 286 The future starts here. Swi
show all

Annual Report 2012 - Swiss Life

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?