Press Release -Â Tuesday, 10 April 2018
2017 annual result – La Mobilière again posts above-market growth
- With a consolidated profit of CHF 440.5 million for the financial year 2017, Swiss Mobiliar Group again achieved an outstanding result. Non-life business contributed CHF 406.2 million (2016: CHF 411.9 million) to the overall profit, while life business added CHF 34.3 million (2016: CHF 27.6 million).
- The Group continued on its growth course, with the total premium volume rising by 4.0% to CHF 3.775 billion.
- The premium volume in non-life business advanced by 4.8% to CHF 2.961 billion. According to the Swiss Insurance Association premium reporting, the corresponding growth in the Swiss insurance market came to 0.9% in 2017. Two thirds of this growth was achieved by Swiss Mobiliar. At CHF 257.9 million, the underwriting result was down by 12.6% year-on-year. The claims ratio rose from 61.7% to 63.2%, while the combined ratio increased to 90.8% (2016: 88.9%).
