Media release: Helvetia still with a solid SST ratio after Caser acquisition
04/30/2021 | 01:05am EDT
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Helvetia still with a solid SST ratio after Caser acquisition
Helvetia is reporting a very good SST ratio of 193% for the 2020 financial year. Even after the Caser acquisition and despite the effects of the pandemic, the company s solvency remains robust. This is also borne out by the Group s higher net economic dividend capacity.
Helvetia is publishing its Financial Condition Report (FCR) for the 2020 financial year today. As at 1 January 2021, the Group has a strong SST ratio of 193% (1 January 2020: 235%) and therefore clearly exceeds the regulatory requirements. The change over the previous year is primarily attributable to capital market developments such as the continued decline in risk-free interest rates and higher credit spreads as well as to the effect of the Caser acquisition. The latter was financed in a capital-saving manner with an equity