Introduction
Financial Highlights
New Commitment
2 580
CHF m
Profit / loss on insurance
91
CHF m
Proportion of SMEs in the Client Base
77
%
Framework of Obligation
16
CHF bn
Loss Expenses
168
CHF m
Economic Viability
34
CHF m
The surplus cover in the economic viability calculation amounted to CHF 34 million.
COMMITMENT
Commitment by industry
in CHF million, as at 31 December
Commitment BY oecd COUNTRY RISK CATEGORY
in CHF million, as at 31 December
7 301
CHF m
|
Obligation in CHF m |
|
31.12.2020 |
|
31.12.2019 |
|
Framework of obligation |
|
16 000 |
|
16 000 |
|
Insurance obligations |
|
11 671 |
|
11 588 |
|
|
|
|
|
|
|
Current exposure in CHF m |
|
31.12.2020 |
|
31.12.2019 |
|
Commitment : insurance policies (IP) |
|
7 301 |
|
7 109 |
|
ECA reinsurances taken into account |
|
– 269 |
|
– 297 |
|
Insurance commitments in principle (ICP) |
|
1 670 |
|
1 664 |
|
Exposure |
|
8 971 |
|
8 773 |
|
|
|
|
|
|
|
New exposure in CHF m |
|
2020 |
|
2019 |
|
New commitment : insurance policies (IP) |
|
2 580 |
|
2 173 |
|
Insurance commitments in principle (ICP) |
|
1 222 |
|
1 404 |
|
|
|
|
|
|
|
Balance sheet in CHF m |
|
31.12.2020 |
|
31.12.2019 |
|
Cash in hand & at bank and cash investments |
|
3 002 |
|
2 989 |
|
Claims from losses and restructuring |
|
196 |
|
188 |
|
Credit balances from debt rescheduling agreements |
|
128 |
|
146 |
|
Unearned premiums and provisions |
|
611 |
|
529 |
|
Capital |
|
2 744 |
|
2 826 |
|
|
|
|
|
|
|
Income statement in CHF m |
|
2020 |
|
2019 |
|
Earned premiums |
|
90 |
|
69 |
|
Interest income from debt rescheduling agreements |
|
1 |
|
15 |
|
Loss expenses |
|
– 168 |
|
– 55 |
|
Debt rescheduling results |
|
12 |
|
42 |
|
Profit / loss on insurance |
|
– 65 |
|
71 |
|
Personnel expenses |
|
– 13 |
|
– 12 |
|
Non-personnel expenses |
|
– 7 |
|
– 5 |
|
Financial income |
|
– |
|
1 |
|
Other income |
|
3 |
|
– |
|
Operating profit / loss |
|
– 82 |
|
55 |
|
Interest income from cash investments |
|
– |
|
– |
|
Net income (NI) |
|
– 82 |
|
55 |
|
|
|
|
|
|
|
Number of employees |
|
|
|
|
|
Number |
|
70 |
|
62 |
|
Full-time equivalents |
|
62.9 |
|
56.5 |
|
Average number of full-time equivalents by year |
|
58.5 |
|
52.8 |