In fiscal year 2018 fell in the Helsana group and of the profit of 54 million francs to 218 million in the previous year. "An excellent underwriting result to a loss in the investments," said the company on Thursday.
In the previous year, had doubled the net profit, thanks to good investment results, more than from 98 million to 218 million francs.
combined ratio back in profit
The earned premiums increased in the past year to 6.50 billion Swiss francs of 6,39 billion, while the insurance declined services – 6,20 billion of 6.32 billion.
As the reasons for the lower benefits, called Helsana is the practical lack of inflation in the acute inpatient area, the second government's intervention in the Tariff for outpatient physician services, Tarmed, a more intense performance-cost management with new procedures for the control of the economy, as well as the re-recorded price check for pharmaceuticals.
The technical result achieved in 2018, however, 175 million Swiss francs after a loss of 10 million in the previous year. And the combined ratio (Combined Ratio) is 97.3 per cent to 100.2 per cent in 2017 and again in profit. From a value below the threshold of 100 percent of the money is earned.
In all three divisions of the Surplus: In the basic insurance, the combined ratio stood at 97.1 percent to 99.6 percent. In the area of supplementary insurance, he improved to 98.3% to 99.0%, and in the Accident business, the ratio was even 92.3 percent after 131,3%. The high Combined Ratio in the prior year was primarily due to a one-time effect.
Volatile financial markets
After the Boom in the financial markets, had filled the health insurer, 2017, the funds, the investment income 2018 negative. The global capital markets were characterised by a high volatility and is found in a deep red December a temporary low point, such as Helsana writes. This Trend was not able to escape.
the Performance of The financial market investments amounted in the end to -2,64% on assets of 6.2 billion Swiss francs. The investment loss thus reached 136 million Swiss francs. "So the plants were not able to contribute to many good to very good years, for once, to an improvement of the overall result," writes health insurance.
With a view to the capitalization of Helsana looks, meanwhile, are still well positioned: All of the companies in the group überträfen the legal requirements in terms of solvency. The equity was further increased, and also the premium position in the basic insurance have improved again. The year had been added in the basic insurance 66'000 customers.
Moreover, had brought the goal closer, to be part of the customer's recommendation (measure Net Promoter Score, NPS) to the Top 3 in the industry. The most recent survey from December 2018, have shown that the residue at the third rank have more than halved. (fal/sda)
Created: 07.02.2019, 10:49 PM