Helvetia's general meeting validates all proposals from the Board of Directors

On May 24, 2024, the shareholders of Helvetia Holding AG approved all of the proposals of the Board of Directors at the ordinary general meeting. The president, Thomas Schmuckli, and all members of the Council were re-elected.

Fabian Rupprecht, CEO of the group, presented the results for the 2023 financial year. Helvetia recorded a 7.2% increase in its business volume, reaching CHF 11,311.3 million. Underlying profits amounted to CHF 372.5 million, despite high losses due to natural catastrophes and major losses. The group's SST rate was 288% on January 1, 2024.

Thomas Schmuckli highlighted the benefits of artificial intelligence for the company, in particular to detect fraud and improve the customer experience using the Clara chatbot.

Due to the good results, the Board proposed an increase of 40 cents in the dividend, bringing it to CHF 6.30 per share, a proposal approved by the shareholders.