Helvetia : Investment Story – short version - EN

Investment Story

At a glance

Representing financial year 2022, restated to IFRS 17/9
Net income	Combined	Return	S&P	MSCI ESG
(in CHF million)	ratio	on equity	rating	rating
480	94.3%	11.6%	A+	A
European insurance group headquartered in Switzerland	Anchor shareholder Patria Mutual (34.1%)
CHF 6.4 billion market capitalisation as of 30/06/2023	>7 million customers, mostly private persons and SME

Sustainably growing dividends

Profitably growing core insurance business...

Business volume

2012

(in CHF million)

2022

6,97910,729

Business volume 2022 restated for new definition following introduction of IFRS 17/9, impact: CHF -368 million

...building the basis for a consistent increase in dividends Dividend per share

(in CHF million)	5.9

3.4

CAGR

5.7%

2012

2022

Investment case

Resilience based on financial strength and diversification

Regions

Business fields

Income streams

Non-life

SpecialtyPremiums

Markets

(global)

Europe

Switzerland	Fee	Fee and
commission
	business	income

Customer segments

Private customers

SME customers

Large corporates (specialty niches)

Solvency

(SST ratio)

331%

Proven ability to seize growth opportunities

Scaling online	Expansion of ecosystem "Health and care"
insurer Smile	driving capital-light fee income
Business volume	Fee and commission income
CAGR	2020	(in CHF million)	2022
2016-2022

6.8%

226

351

Fee and commission income 2022 restated for IFRS 17/9 impact, impact: CHF-26 million

Continuously pursuing growth opportunities in attractive specialty niches

Business volume

(in CHF million)

20162022

215560

Engineering | Marine | Aviation | Space | Art

Business volume 2022 restated for new definition following introduction of IFRS 17/9, impact: CHF -55 million

Ambitious financial targets for an attractive shareholder return

&	Non-life	Life new business	Fee business	Fee business share
2025
combined ratio	margin	volume by 2025	on group profit by 2025
untiltargetsFinancial sustainability			(in CHF million)
92-94%	4-6%	>450	>5%
	Cost efficiencies	S&P	Dividend distribution	Return
	by 2025	rating	2021 - 2025	on equity
	(in CHF million)		(cumulative in CHF billion)
	100	A	>1.65	11-14%

© 2023 Helvetia Group | Investor Relations contact: [phone] | [e-mail]

Sustainability ambitions

MSCI ESG rating

A

Net zero

in own operations by 2040

in investments and insurance business by 2050