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SERV: A Good Start to the Second Decade

SERV finished its eleventh financial year once again with positive company earnings, which are only slightly below those of the previous year.

SERV finishes its eleventh financial year once again with positive company earnings.
SERV finishes its eleventh financial year once again with positive company earnings.
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On 11 April, SERV published its Annual Report 2017. SERV finishes its eleventh financial year once again with positive company earnings, which at CHF 69.8 million are only slightly below those of the previous year. Two factors contributed primarily to this result: the premiums earned, which at CHF 64.1 million were considerably higher than in the previous year, and the loss expenses, which at CHF 64.8 million were lower than in 2016. These improvements more than compensated for the earnings from debt rescheduling, which were down by CHF 76.9 million. With the 2017 results the net equity of SERV rises to CHF 2.768 billion, meaning that its risk-bearing capacity has been further improved.

In 2017 SERV issued 933 insurance policies (IP) and insurance commitments in principle (ICP), falling just short of the old record from the previous year (956). The continuing high demand for counter guarantees (213) and working capital insurance policies (105) is noteworthy. Both products support SMEs in particular with the optimisation of their liquidity management.

The Annual Report is now also available as an online version at report.serv-ch.com Printed versions in English, German and French can be ordered free of charge at events@serv-ch.com.

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