Helvetia Reports Robust 2024 Financial Performance and Launches New Strategy

Helvetia Holding AG announced a strong financial performance for 2024, driven by diversified business operations and strategic growth initiatives. Underlying earnings surged by 41.9% to CHF 528.5 million, while IFRS net income reached CHF 502.4 million, up from CHF 301.3 million in the previous year. Business volume grew by 3.1% to CHF 11,552.7 million, with notable expansion in the non-life segment.

The company's financial resilience is underscored by an excellent SST ratio of approximately 290% as of January 2025. Reflecting its profitable growth, the Board proposes a dividend increase to CHF 6.70 per share. Helvetia aims to maintain stable growth through its new strategy, targeting an underlying ROE of 13-16% by 2027.

In the non-life sector, Helvetia achieved underlying earnings of CHF 357.1 million, improving its combined ratio to 95.0%. Meanwhile, the life insurance sector remained stable, with a slight decline due to past non-recurring items.