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Helvetia earns 216.6 million until June, 15.8% less

MADRID, 8 Sep.

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Helvetia earns 216.6 million until June, 15.8% less


The insurance group Helvetia, the main shareholder of the Spanish company Caser, registered a net attributable profit of 211.2 million francs (216.6 million euros) in the whole of the first half of 2022, which is equivalent to a drop of 15, 8% compared to earnings for the same period last year, as reported by the company on Thursday.

The firm's revenue fell 26.9% compared to last year, to 4,600.2 million francs (4,718.3 million euros). The biggest change is due to the fact that the company registered a negative impact due to its investments, since income from premiums stood at 4,928.5 million (5,055.1 million euros), 0.5% less.

Regarding costs, the benefits of the insured represented a disbursement of 2,874.3 million (2,948.1 million euros), 34% less, mainly due to a positive effect of the changes in actuarial reserves.

Acquisition costs grew by 3.1%, to 885.2 million francs (907.9 million euros), while operating and administrative expenses advanced by 10.3%, to 600.1 million (615.5 millions of euros).

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