Brief: Helvetia Holding IFRS Profit After Tax At CHF 614.4 Mln

Helvetia Baloise Holding AG

06/03/2023 06:08

March 6 (Reuters) - HELVETIA HOLDING AG  HELN.S :
    * FULL-YEAR RESULTS 2022: PROFITABLE GROWTH, HIGHER PROFIT
AND
HIGHER DIVIDEND
    * HELVETIA INCREASES CUMULATIVE DIVIDEND TARGET: NOW A TOTAL
OF
MORE THAN CHF 1.65 BILLION IN DIVIDENDS IS TO BE DISTRIBUTED BY
END OF 2025 STRATEGY PERIOD
    * BOARD OF DIRECTORS PROPOSES TO ANNUAL GENERAL MEETING AN
INCREASE OF 40 RAPPEN IN DIVIDEND PER SHARE TO CHF 5.90 (2021:
CHF 5.50) FOR PAST FINANCIAL YEAR
    * FY FEE INCOME UP FROM CHF 354.4 MILLION IN PREVIOUS YEAR
TO
CHF 377.3 MILLION
    * FY HELVETIA POSTED A STRONG IFRS PROFIT AFTER TAX OF
CHF 614.4
MILLION (2021: CHF 519.8 MILLION)
    * FY NET COMBINED RATIO IMPROVED SLIGHTLY OVER PREVIOUS
YEAR,
COMING TO 94.7% (2021: 94.8%)
    * FY NET PREMIUMS WRITTEN INCOME AT CHF 10.14 BILLION VERSUS
10.17
BILLION YEAR AGO

Source text for Eikon:  ID:nEQg2jSga 
Further company coverage:  HELN.S 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))