Historical Comparison

Swiss Life Group historical comparison

In CHF million (if not stated otherwise)	2008	2007		2006	2005	2004

Premium volume
Gross written premiums, policy fees and deposits received	18 515	21 213		19 421	n.a.	n.a.

Figures from consolidated statement of income
Net earned premiums	13 254	13 316		12 283	13 512	14 657

Net earned policy fees	260	389		390	394	167

Financial result	451	4 935		5 375	7 059	6 934

Total income	15 356	18 971		18 219	21 542	22 328

Net insurance benefits and claims	–12 915	–13 268		–12 012	–14 040	–15 375

Policyholder participation	429	–1 746		–2 143	–2 227	–1 553

Operating expense	–3 319	–2 489		–2 432	–3 390	–3 341

Total expense	–16 198	–17 958		–17 309	–20 519	–21 180

Result from operations	–842	1 013		910	1 023	1 148

Net result from continuing operations	–1 143	726		576	n.a.	n.a.

Net profit from discontinued operations	1 488	642	¹	378	n.a.	n.a.

Net profit	345	1 368		954	874	606

Net profit attributable to

Equity holders of Swiss Life Holding	350	1 345		933	860	579

Minority interest	–5	23		21	14	27

Figures from consolidated balance sheet
Equity incl. minority interest	6 652	7 334		7 851	7 953	6 490

Insurance reserves	113 308	121 829		153 800	139 252	131 415

Balance sheet total	134 791	179 757		186 950	177 597	164 736

Share performance
Basic earnings per share (in CHF)	10.88	40.76		27.87	25.67	18.57

Diluted earnings per share (in CHF)	10.88	39.60		26.92	24.82	18.27

Dividend paid per share (in CHF)	17.00	7.00		5.00	4.00	–

Total dividend payout to shareholders	596	245		169	135	–

Year-end price (in CHF)	72.40	283.00		305.25	237.70	165.50

Year-end market capitalisation	2 540	9 894		10 310	8 029	5 590

Further key figures
Return on equity (in %)	5.0	18.1		12.2	12.3	10.7

Assets under control	134 326	138 946		214 041	215 094	197 749

Year-end embedded value	8 457	12 837		10 665	8 887	7 936

Value of new business	78	118		121	48	41

Number of employees (full-time equivalents)	8 184	8 556		8 693	8 979	9 419

1 Including reserve release of CHF 304 million due to change in Dutch law.

Due to the sale of its Dutch and Belgian operations and of Banca del Gottardo, Swiss Life adjusted the presentation of its Financial Statements from 2007 in accordance with the relevant regulations, gearing them to continuing operations. The units sold were fully consolidated up to the completion of the transactions concerned, but only their net contribution to the net profit is included in the Consolidated Statement of Income. The figures for 2006 have been adjusted accordingly to facilitate comparability.