6 Earnings per Share

Basic earnings per share (EPS) are calculated on the weighted average number of shares outstanding during the reporting period, excluding the average number of shares purchased by the Group and held as treasury shares.

Diluted earnings per share include the dilutive effect of convertible bonds and share options issued. In the diluted EPS calculation, the profit attributable to shareholders is adjusted for the applicable interest expense minus the related taxes. Share options are dilutive when they would result in the issuance of shares for less than the average market price during the period. Dilutive share options are assumed to have been exercised. The assumed proceeds are regarded as having been received from the issuance of shares at the average market price during the period. The difference between the number of shares issued and the number of shares that would have been issued at the average market price during the period is considered as an issuance of shares for no consideration.

In CHF million (if not noted otherwise)  
  2012 2011
 
Basic earnings per share
 
Net result attributable to equity holders of Swiss Life Holding
  92 605
Weighted average number of shares outstanding
  31 902 670 31 893 573
Basic earnings per share for the net result attributable to equity holders of Swiss Life Holding (in CHF)
  2.88 18.97
 
Diluted earnings per share
 
Net result attributable to equity holders of Swiss Life Holding
  92 605
Result used to determine diluted earnings per share
  92 605
 
Weighted average number of shares outstanding
  31 902 670 31 893 573
Adjustments (number of shares)
 
Equity compensation plans
  142 012 166 740
Weighted average number of shares outstanding for diluted earnings per share
  32 044 682 32 060 313
Diluted earnings per share for the net result attributable to equity holders of Swiss Life Holding (in CHF)
  2.86 18.87


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