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International
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Helvetia with a strong SST ratio of 222% and increase in dividend capacity
Consistently solid capital position
The regulatory solvency ratio lies within the range of 180% to 240% targeted by Helvetia. The Group adjusted this range as at 1 January 2019 in order to take account of the new SST models (up to the end of 2018: 140% to 180%). The capital base of Helvetia remains very good and will not be negatively affected by the changes. As a consequence of the new standard models, however, Helvetia expects increased volatility as regards the SST ratio and thus slightly widened its target range.
Dividend capacity supports sustainable distribution
Helvetia has further improved its dividend capacity. As at 31 December 2018, the Group had net economic dividend capacity of CHF 0.6 billion, representing an increase of CHF 0.1 billion relative to the end of the previous year. In particular, higher statutory results contributed to the increase. With a strengthened dividend capacity, Helvetia is able to ensure a sustainable distribution to the shareholders in accordance with the helvetia 20.20 strategy.
The Financial Condition Report and the supporting slides can be accessed on the Helvetia website at www.helvetia.com/annual-results. Further information on the dividend capacity can be found in the analyst presentation on the 2018 annual financial statements under the same link.
Susanne Tengler
Head of Investor Relations
Phone: +41 58 280 57 79
investor.relations@helvetia.ch
Jonas Grossniklaus
Senior Manager
Corporate Communications & PR
Phone: +41 58 280 50 33
media.relations@helvetia.ch
About Helvetia
Helvetia is active in the life and non-life business, and also offers customised specialty lines and reinsurance cover. Its business activities focus on retail customers as well as small and medium-sized companies and larger corporates. With some 6,600 employees, the company provides services to more than 5 million customers. With a business volume of CHF 9.07 billion, Helvetia generated an IFRS result after tax of CHF 431.0 million in financial year 2018. The registered shares of Helvetia Holding are traded on the SIX Swiss Exchange under the symbol HELN.
Cautionary note
This document may contain projections or other forward-looking statements related to Helvetia Group which by their very nature involve inherent risks and uncertainties, both general and specific, and there is a risk that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include: (1) changes in general economic conditions, in particular in the markets in which we operate; (2) the performance of financial markets; (3) changes in interest rates; (4) changes in currency exchange rates; (5) changes in laws and regulations, including accounting policies or practices; (6) risks associated with implementing our business strategies; (7) the frequency, magnitude and general development of insured events; (8) mortality and morbidity rates; (9) policy renewal and lapse rates as well as (10), the realisation of economies of scale as well as synergies. We caution you that the foregoing list of important factors is not exhaustive; when evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties. All forward-looking statements are based on information available to Helvetia Group on the date of its publication and Helvetia Group assumes no obligation to update such statements unless otherwise required by applicable law.