Helvetia Holding AG: Half-year results 2024

Helvetia Holding AG reports strong half-year results for 2024. Underlying earnings amounted to CHF 285.2 million, close to the previous year's level despite higher claims expenses due to natural catastrophes in Switzerland.

Specialty Markets and commission-generating activities, particularly in Spain, offset these impacts. The Group's IFRS result reached CHF 258.6 million, stable compared to 2023.

Helvetia also recorded growth of 4.7 percent in its business volume. The non-life business is the main driver of this growth. The contractual service margin in the life business also increased, supporting future earnings.

Capitalization remains solid with an estimated SST ratio of 300%. The rating agency S&P Global Ratings maintains the "A+" rating. Helvetia plans to present its new group strategy in December at the Capital Markets Day.