Federal Office of Private Insurance FOPI
Federal Office of Private Insurance FOPI
Beginn Inhaltsbereich
Figures 2006
All nine of the groups and conglomerates placed under supervision meet the specified minimum requirements of Solvency I. The solvency ratio (quotient of the allowable equity capital and the solvency requirements) at the end of 2006 confirms that no company was under 150%, 4 companies moved between 150% and 200%, the remainder (5 companies) were above this level.
Most important indicators:
The following table shows the most important indicators of the supervised groups and conglomerates. For the conglomerates, the size of the financial sector is represented by a ratio. This ratio is calculated by dividing the balance sheet total of the financial sector (banks, securities dealers, and companies serving this sector) by the balance sheet total of the entire conglomerate.Conglomerates | Bâloise | Swiss Life | Swiss Re** | ZFS |
(figures in million CHF) | ||||
Gross premiums* | ||||
. Non-life | 3'065 | 631 | 19'152 | 42'828 |
. Life | 3'651 | 21'433 | 12'644 | 12'848 |
Balance sheet total | 63'936 | 186'950 | 291'300 | 455'729 |
Equity capital | 4'987 | 7'851 | 30'884 | 32'981 |
Return on equity | 15.3% | 12.2% | 16.3% | 19.0% |
Financial sector | 9.2% | 7.2% | N/A | 2.6% |
Profit after taxes | 707 | 954 | 4'560 | 5'673 |
* including reinsurance
**Swiss Re has switched its accounting from Swiss GAAP FER to US GAAP as of its 2006 business report.
Groups | Helvetia | Mobiliar | National | Vaudoise | Winterthur |
(figures in million CHF) | |||||
Gross premiums* | |||||
. Non-life | 2'423 | 2'023 | 1'226 | 680 | 8'907 |
. Life | 2'832 | 674 | 509 | 1'187 | 13'103 |
Balance sheet total | 31'810 | 13'384 | 7'304 | 8'035 | 186'362 |
Equity capital | 2'738 | 2'524 | 650 | 443 | 10'080 |
Return on equity | 16.2% | 13.1% | 10.5% | 10.8% | 14.4% |
Profit after taxes | 424 | 309 | 64 | 45 | 1'419 |
* including reinsurance
Balance sheet total by region, wordwide
The following table shows the balance sheet total for 2006 of the groups and conglomerates, broken down by region.
Bâloise | Helvetia | Mobiliar | National | Swiss Life | Swiss Re** | Vaudoise | Winterthur | ZFS | |
(figures in million CHF) | |||||||||
Switzerland | 34'292 | 23'383 | 13'384 | 5'875 | 89'617 | N/A | 5'311 | 71'939 | 27'920 |
Benelux | 6'590 | 1 | 0 | 357 | 27'858 | N/A | 0 | 13'094 | 865 |
Germany | 19'571 | 2'788 | 0 | 76 | 21'826 | N/A | 0 | 49'246 | 72'177 |
France | 0 | 180 | 0 | 267 | 46'029 | N/A | 0 | 0 | 23 |
Southern Europe* | 0 | 3'407 | 0 | 729 | 643 | N/A | 0 | 9'070 | 26'640 |
UK | 0 | 7 | 0 | 0 | 0 | N/A | 0 | 27'485 | 168'280 |
Rest of Europe | 3'483 | 2'044 | 0 | 0 | 977 | N/A | 2'724 | 5'257 | 20'296 |
Europe Total | 63'936 | 31'810 | 13'384 | 7'304 | 186'950 | N/A | 8'035 | 176'091 | 316'201 |
USA | 0 | 0 | 0 | 0 | 0 | N/A | 0 | 4'516 | 111'940 |
Rest of World | 0 | 0 | 0 | 0 | 0 | N/A | 0 | 5'755 | 27'588 |
Total | 63'936 | 31'810 | 13'384 | 7'304 | 186'950 | 291'300 | 8'035 | 186'362 | 455'729 |
* Italy, Spain, Portugal
** Breakdown of balance sheet total by region not reported
** Breakdown of balance sheet total by region not reported
Capital investments positions
The following table shows the breakdown of capital investments as of the end of 2006 for the most important investment categories. All groups and conglomerates have increased their percentage of shares relative to the preceding years. These capital investments only include the assets that have been invested at own risk. They do not include capital investments invested at the client’s risk, i.e. in particular contributions from unitlinked life insurance and other unitlinked products.
Bâloise | Helvetia | Mobiliar | National | Swiss Life | Swiss Re | Vaudoise | Winterthur | ZFS | |
(figures in million CHF) | |||||||||
Shares | 6'046 | 2'049 | 1'612 | 766 | 13'002 | 13'200 | 253 | 13'186 | 22'355 |
Holdings | 175 | 46 | 87 | 20 | 75 | N/A | 13 | 798 | 187 |
Bonds | 22'894 | 14'732 | 6'610 | 3'457 | 91'945 | 129'300 | 2'330 | 89'371 | 154'124 |
Real estate | 5'313 | 3'890 | 962 | 1'620 | 11'809 | 3'300 | 784 | 8'535 | 8'437 |
Mortgages | 9'942 | 3'094 | 470 | 437 | 8'342 | N/A | 167 | 10'328 | 13'173 |
Loans | 7'860 | 1'951 | 530 | 4 | 20'541 | N/A | 1'138 | 6'117 | 15'401 |
Other | 4'250 | 3'166 | 167 | 162 | 14'962 | 16'800 | 383 | 2'332 | 24'853 |
Total | 56'480 | 28'928 | 10'438 | 6'466 | 160'676 | 162'600 | 5'068 | 130'667 | 238'530 |
Ende Inhaltsbereich