Editorial
“Overall, Groupe Mutuel's financial results for 2024 are positive”, said Karin Perraudin, President of the Board of Groupe Mutuel. “Thanks to these strong results, we have some breathing space to tackle the challenges ahead. These include, in particular, our healthcare system, which is suffering from uncontrolled cost increases and a lack of vision and political action.”
Groupe Mutuel returned to profitability in 2024 with earnings of around CHF 29 million. “This goal, which is essential to the company's long-term sustainability, was not achieved without effort”, said Ms Perraudin. While basic insurance continues to show negative results, private insurance has generated a solid profit. As for investments, these contributed significantly to the sound financial results, with a return of 7.8% for 2024.
“After very strong periods of growth in 2022 and 2023, we underwent a rebalancing of our business and lost 77,000 insured persons in basic insurance in 2024. Over the last three years, we have gained more than 50,000 new policyholders, which remains a very good result”, said Thomas Boyer, CEO of Groupe Mutuel. “The loss of insured persons in 2024 was expected, as we knew that our premium increases and the merger of two of our health insurance companies into other structures were needed to increase our solvency in the compulsory health insurance sector. We have achieved our goal. Our financial situation is now more comfortable and allows us to look to the future with greater peace of mind “, said the CEO.
In all other business areas, Groupe Mutuel is continuing to grow and has had a very successful year, in line with the diversification strategy pursued in recent years. In supplemental insurance, for example, revenue has continued to grow and the number of new customers has increased significantly, more so than in previous years.
The life insurance sector has also expanded in recent years and is now very successful. Groupe Mutuel has made a name for itself in this market, in particular thanks to a major communication campaign and by obtaining a label that recognises the quality of our services and products.
For its part, the Corporate sector has exceeded CHF 1 billion in revenue for the first time. Some
31,000 companies have entrusted Groupe Mutuel to insure their employees. The merger of our two pension fund institutions, which took effect in 2024, has also strengthened the scope and efficiency of the occupational benefits offered by Groupe Mutuel.
These outstanding performances in our various business lines are a testament to the diversification strategy that was stepped up in recent years. “ These excellent results, particularly in life insurance and corporate insurance, encourage us to continue our efforts along this path “, said Karin Perraudin.
Karin Perraudin, President.
Thomas Boyer, CEO.
