The Swiss Financial Market Supervisory Authority (FINMA) published its 2024 insurance market report, showing Swiss insurance companies generated aggregate annual profits of CHF 10.4 billion, down CHF 3.2 billion or 24% from the prior year. The decline was driven by a sharp deterioration in reinsurers’ results, while life and non-life insurers increased profits. Life insurers’ annual profits rose 22% to CHF 1.6 billion and non-life insurers’ aggregate annual profits increased 3% to CHF 7.1 billion. Reinsurance companies’ aggregated annual result fell from CHF 5.4 billion to CHF 1.7 billion, a decline of CHF 3.7 billion or 69%. Aggregate gross premium volume increased 6.7% to CHF 150 billion, with life premiums falling 8.4% and gross premiums written rising for non-life insurers (8.0%) and reinsurers (12.6%). FINMA also made available detailed electronic tables via its insurers’ reporting portal, allowing company-level and aggregated data to be filtered and downloaded in standard electronic formats, alongside additional disclosures on the operating statement of occupational pensions.
Swiss Financial Market Supervisory Authority (FINMA) 2025-09-03
Swiss Financial Market Supervisory Authority publishes 2024 insurance market report showing aggregate profits down 24% to CHF 10.4 billion
The Swiss Financial Market Supervisory Authority (FINMA) released its 2024 insurance market report, showing a 24% decline in aggregate annual profits to CHF 10.4 billion, mainly due to a sharp drop in reinsurers' results. Life insurers' profits rose 22% to CHF 1.6 billion, while non-life insurers saw a 3% increase to CHF 7.1 billion. FINMA also provided detailed electronic tables for company-level and aggregated data through its insurers' reporting portal.