Vaudoise Assurances Holding (VAHN) H2 2025 earnings summary

Executive summary

• Achieved record net profit of CHF 156.3 million, up 16.7% year-over-year from restated 2024 results.

• Revenue rose 5.7% to CHF 1,518.8 million, driven by strong non-life premium growth.

• Proposed dividend increase to CHF 27 per B share and CHF 0.40 per A share.

• Announced acquisition of 92.27% of Procimmo Group SA to expand real estate asset management.

Financial highlights

• Non-life net profit reached CHF 126.2 million (vs. CHF 89.9 million in 2024 restated); life net profit CHF 21.9 million (vs. CHF 30.0 million).

• Combined ratio for non-life improved to 96.4% from 97.9% year-over-year.

• Investment return increased to 2.8% (from 2.5%); market value return at 2.9%.

• Equity reached a record CHF 2,655.5 million, up 5.8%.

• Total assets grew to CHF 9.1 billion; investments represent 84% of assets.

Outlook and guidance

• Revenue growth expected to continue in 2026, with focus on underwriting quality and claims management.

• Maintains diversified, high-quality investment portfolio and prudent risk management.