Helvetia Patria Group, the Holding ecenter solutions is integrated in, published yesterday *impressive* record results for 2005 (IFRS standards):
- Best results ever in the long 148 years history of Helvetia Patria
- Premium volume: CHF 5’177 mio (2004: +6.5%)
- After tax profit: CHF 302 mio (2004: +35% )
- Net Combined Ratio: 94.0% (-3.8% pts.)
- Shareholders’ equity: CHF 2’481 mio
- Return on Equity: +13.4%
Financial analysts were surprised by the level of profit, they expected an after tax profit of about CHF 200 mio :-) Consequently, the Helvetia Patria share (HEPN) gained yesterday exactly … 10.7%, in one day :-) This, after an outstanding performance in 2005 (price rise of 64.1% in 2005). I have already told you, you can buy these shares ;-)
The Group also decided to launch a single-brand throughout its subsidiaries. Below the new coming logo:
You can find more details about the results here.
Tags: helvetia patria