Vaudoise Assurances Holding (VAHN) H2 2024 earnings summary

Executive summary

• Consolidated net profit reached CHF 147.0 million, up from CHF 132.5 million in 2023, marking one of the best years in company history.

• Revenue increased by 4.2% year-over-year to CHF 1,436.4 million, driven by strong non-life and investment performance.

• Shareholders will see a proposed dividend increase, and CHF 44 million will be redistributed to non-life policyholders.

Financial highlights

• Gross written premiums in non-life rose 5.1% to CHF 1,156.0 million; life premiums declined 3.8% to CHF 240.7 million.

• Investment return improved to 2.5% (from 2.1% in 2023); net market performance was 6.3%.

• Equity increased 9.0% to CHF 2,549.5 million, a historic high.

• Combined ratio for non-life stable at 96.6%.

• Earnings per B share rose to CHF 50.78 (from CHF 45.76).

Outlook and guidance

• Revenue growth expected to continue in 2025, with focus on underwriting quality and risk management.

• Investment diversification and high-quality bond and equity portfolios to be maintained.