Press release – Zurich, 01 March 2017
La Mobilière expands growth further
- With a consolidated profit of CHF 439.5 million (+14.5%), La Mobilière posted another outstanding result. The non-life business contributed CHF 411.9 million (previous year: CHF 353.81 million) and the life business CHF 27.6 million (previous year: CHF 29.9 million). The result includes extraordinary costs of CHF 71.7 million for structural measures in favour of the company’s employee benefit institutions.
- Swiss Mobiliar Group is displaying sustained growth. The total premium volume increased by 3.2% to CHF 3,630 billion.
- The premium volume in the non-life business grew by 3.1% to CHF 2,827 billion. The relevant market growth according to the premium reporting of the Swiss Insurance Association (SIA) amounted to 1.1% in 2016. Swiss Mobiliar claimed a 44% share of this market. The underwriting result increased by 1.3% to CHF 295.0 million. The number of claims incurred was slightly higher at 61.7%. The combined ratio remained stable at 88.9% (previous year: 88.7%).
