22 Annual Report 2019 General accounts in CHF 2019 2018 Investment income 275 809 295 224 946 807 Investment expenses 15 578 051 18 423 931 Investment result 260 231 244 206 522 876 Interest on technical provisions Life 234 845 075 176 955 933 Interest on technical provisions Non life 7 122 049 16 118 921 Interest on technical provisions 241 967 124 193 074 854 Investment result excluding interest on technical provisions 18 264 120 13 448 022 Net result from derivative financial instruments 146 773 498 81 556 808 Administration costs 68 970 448 51 407 914 Administration costs Life 19 110 228 8 606 015 Administration costs Non life 18 488 026 19 289 038 Administration costs investments 31 372 194 23 512 861 Operating result 243 546 060 162 103 672 Other income 4 081 013 3 140 414 Other expenses 8 843 862 15 970 475 Profit before taxes 238 783 211 149 273 611 Income tax 28 528 291 15 833 618 Profit for the year 210 254 920 133 439 993 NewRe AnnualReport 2019 Korrekt indd 22 27 04 20 09 43

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