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Annual Report

Generali Switzerland achieved its goals in the financial year 2017. Its annual result was better than forecast.

In 2017, we systematically continued the new strategy launched the previous year, so we are on schedule with our transformation process. The figures for the year under review also reflect this. With new products aimed even more specifically at the target groups, we will further expand our customer relationships while continuing to strengthen our earnings position.

 

The overall result was CHF 179.0 million, which was above the budgeted figure and 6.6% below the previous year. In the year under review, the life insurance business continued to decline in line with the market situation (-2.4%). Revenues in the property insurance business recorded a virtually unchanged premium volume (-0.2%) and the combined ratio was further improved at 92.4%. Investments also performed well in a challenging market environment with an increase of 5.2% and contributed significantly to a positive overall result.

 

In order to comply with the new disclosure requirements for insurance companies (Public Disclosure), Generali Switzerland is replacing it previous Annual Report with a «Report on the financial situation». We are presenting our own financial reports for the first time for 2017 for Generali Personal Insurance Ltd., Generali General Insurance Ltd. and Fortuna Legal Protection Insurance Ltd.

 

Press Release