Helvetia's Collective Life Business Shows Growth Amid Financial Market Recovery

Helvetia Insurance's collective life segment continues to thrive, with an 8.5% increase in the number of active insured persons, now totaling 216,700. Despite this growth, the overall 2023 result decreased by CHF 7.9 million, yielding CHF 48.9 million in occupational benefits.

The Helvetia LOB Invest collective foundation achieved over CHF 1 billion in assets under management, reflecting a shift towards semi-autonomous solutions. Operating expenses per active insured person dropped from CHF 429 to CHF 420.

Premium volume for the occupational benefits business fell by 5.0% to CHF 1,776.3 million, influenced by the shift away from full insurance solutions.

The financial markets' recovery yielded a net performance of 5.9%, countering the previous year's challenges. Insured persons benefited from CHF 346.7 million payouts, equating to a recognition rate of 90.5%.