Record Group BOP and ROE
Group BOP reached a record $7.8 billion, up 5% year-over-year, with a core ROE of 24.6%, increasing by 1.6 percentage points from 2023.
Strong Cash Remittances and Dividend Increase
Cash remittances were $7.1 billion, up 34% for the year, supporting a proposed 8% dividend increase to CHF 28.
Life Business Growth
Life BOP grew 9% to a record $2.2 billion, driven by 7% like-for-like gross premium growth in protection, with significant contributions from EMEA, Asia Pacific, and Latin America.
Property & Casualty Performance
P&C gross written premiums grew 5% like-for-like, with a 94.2% combined ratio and BOP up 8% to $4.2 billion.
Farmers Segment Stability
Farmers delivered a BOP of $2.3 billion, maintaining the record level from last year, with a full-year combined ratio of 91.4%.