Brief: Vaudoise Assurances FY Consolidated Net Profit Down At CHF 134.0 Million

Vaudoise Assurances Holding SA

25/03/2020 06:06

March 25 (Reuters) - VAUDOISE ASSURANCES HOLDING SA
 VAHN.S :
    * FY CONSOLIDATED NET PROFIT OF CHF 134.0 MILLION AND
ORDINARY
PROFIT BEFORE TAX OF CHF 148.5 MILLION
    * FY INCREASE IN SALES BY 0.7% TO CHF 1.14 BILLION
    * PROPOSAL TO INCREASE THE DIVIDEND TO CHF 0.30 PER
REGISTERED
SHARE A AND CHF 15.– PER REGISTERED SHARE B
    * CORONAVIRUS EPIDEMIC WILL HAVE A MAJOR IMPACT ON ECONOMIC
GROWTH
AND THE FINANCIAL MARKETS, BOTH IN SWITZERLAND AND WORLDWIDE
    * CORONAVIRUS: AT THIS POINT IT IS DIFFICULT TO SAY WHAT THE
EFFECTS ON THE INSURANCE BUSINESS WILL LOOK LIKE
    * CORONAVIRUS: TAKING THESE EFFECTS INTO ACCOUNT, WE
CURRENTLY
ASSUME THAT WE WILL SEE ALMOST BALANCED GROWTH IN NON-LIFE IN
2020 COMPARED TO 2019
    * CORONA VIRUS PANDEMIC IS LIKELY TO AFFECT CAPITAL GAINS
AND
LOSSES IN OUR FINANCIAL ACCOUNTS AND EQUITY

Source text for Eikon:  ID:nTEN027s3a 
Further company coverage:  VAHN.S 

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