Vaudoise Assurances Holding (VAHN) investor relations material

Executive summary

• Net profit reached CHF 82.9 million for H1 2026, up 3.0% year-over-year, with growth in both life and non-life segments and other activities.

• Revenue increased by 6.5% to CHF 1,167.7 million, led by non-life and diversified activities.

• Equity surpassed CHF 2.7 billion for the first time, rising 4.5% from year-end 2025, driven by positive revaluation reserves.

• Non-life gross written premiums rose 6.7%, outpacing the market.

• Combined ratio improved to 96.1% from 97.4% year-over-year.

Financial highlights

• Net profit: CHF 82.9 million (+3.0% year-over-year, adjusted).

• Revenue: CHF 1,167.7 million (+6.5% year-over-year).

• Combined ratio (non-life): 96.1% (improved by 1.3 pp year-over-year).

• Gross written premiums in non-life insurance reached CHF 1,092.3 million, up from CHF 1,023.5 million year-over-year.

• Life insurance gross premiums were CHF 50.4 million, slightly up from CHF 50.2 million.

Outlook and guidance

• Continued focus on profitable growth in non-life and life segments, with annual claims dependent on natural events in H2.

• Strategic emphasis on digitalization and customer experience in life insurance, with new Customer Portal for businesses launched.

• Defensive, diversified investment strategy maintained amid market volatility and geopolitical uncertainties.

• Integration of Procimmo Group SA from July 2026 will impact H2 results and equity.