NEW: Helvetia Patria – Best results ever

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:

helvetia patria

You can find more details about the results here.

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