Vaudoise Assurances Holding (VAHN) H1 2024 earnings summary

Executive summary

• Net profit reached CHF 81.2 million for H1 2024, up 15.9% year-over-year, driven by strong investment results and robust insurance growth.

• Revenue increased by 8.1% to CHF 1,053.1 million, with significant contributions from both non-life and life insurance.

• The acquisition and integration of Prevanto in April 2024 strengthened the group's position in actuarial consulting.

Financial highlights

• Net profit: CHF 81.2 million (+15.9% year-over-year).

• Revenue: CHF 1,053.1 million (+8.1% year-over-year).

• Equity: CHF 2,469.0 million (+5.5% since end-2023).

• Combined ratio (non-life): 98.3% (vs. 96.6% at end-2023).

• Net investment return: 1.9% (vs. 1.7% prior year).

Outlook and guidance

• Maintains growth forecasts for non-life insurance in 2024.

• Annual claims will depend on natural disasters in H2; hail events in August expected to have a limited impact.

• Continues to pursue a complementary strategy and maintains a consistent risk-based asset allocation.