Vaudoise Assurance has announced a net profit of CHF 156.3 million for 2025, a 16.7% increase year-over-year and the highest in the company’s history. Shareholders are set to receive an increased dividend, the insurer announced Wednesday.

Non-Life Business Drives Growth, Life Insurance Faces Headwinds

The strong performance was largely fueled by a 7.5% growth in gross premiums in the non-life business, reaching CHF 1.24 billion. This growth spanned across property, liability, motor vehicle, and non-life personal insurance. Positive momentum was observed across Switzerland, with gains in German-speaking Switzerland (+9.5%), French-speaking Switzerland (+6.8%), and Ticino (+3.7%).

Conversely, the life insurance business experienced a 3% decline in gross premiums, totaling CHF 232.9 million. Total revenue increased by 5.7% to CHF 1.52 billion.

Financial Strength and Shareholder Returns

The Group’s equity rose by 5.8% to over CHF 2.66 billion, supported by the net result, positive revaluation reserves, and the sale of treasury shares. Return on equity improved to 6.0%, up from 5.5%. Holders of type B shares will be proposed a dividend increase of CHF 3 to CHF 27 per share, while nominative type A shares will see an increase to CHF 0.40 from CHF 0.35.

Strategic Diversification and Future Outlook

Vaudoise is strengthening its diversification strategy through an agreement to acquire Procimmo Group SA, a property management firm. The company anticipates continued growth in the current fiscal year, with a focus on underwriting quality and claims management.

Impact of the Crans-Montana Fire

Like other insurance companies, Vaudoise is facing consequences from the recent fire in Crans-Montana. The company currently estimates charges of approximately CHF 10 million for the 2026 fiscal year. The majority of claims relate to accident insurance and treatment of severe burn patients, with additional costs expected in property insurance, including a claim related to a cinema near the affected bar.

Responsibility and culpability regarding the fire remain under investigation, and the final cost to insurers is still unknown. Axa Suisse covers the basic civil liability of the municipality and the professional civil liability of the bar, but these coverages have defined limits.

Board of Directors Updates

Philippe Hebeisen will stand for re-election as a member and chairman of the Board of Directors at the upcoming General Assembly. Martin Albers, Hélène Béguin, Nathalie Bourquenoud, Javier Fernandez-Cid, Eftychia Fischer, Cédric Moret and Jean-Philippe Rochat are also seeking re-election. Peter Kofmel, who has served since 1999, will not be seeking a new term.

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