Mobiliar's premium volume rose 3.6% in the first half of 2026 to CHF 3.8 billion, while consolidated profit climbed to CHF 446.7 million from CHF 169.9 million a year earlier, the insurer said in a Wednesday statement.
The company pointed to burdens that had weighed on the prior-year comparison period: the Blatten rockslide, costs tied to restructuring its stake portfolio, and foreign-currency headwinds.
"In the first semester of our anniversary year we closed with pleasing premium growth, again above the market average," said CEO Michèle Rodoni. "We have further expanded our market position and improved our profitability at the same time."
Non-life premiums rose to CHF 3.2 billion, with sustainability between growth and profit described as the central focus. The non-life financial result improved to CHF 307.4 million from CHF 179.8 million, and non-life profit surged to CHF 345.7 million from CHF 135.6 million.
Lower elemental damage in H1 2026 drove the loss ratio down 5.2 percentage points to 66.2%. The expense ratio fell to 25.9% from 27.1%, pushing the combined ratio to 94.3% from 100.6% a year earlier.
Life insurance premiums were slightly below the prior year overall. Private retirement savings grew 4.6%, significantly above the prior-year pace, with periodic premiums rising 2.7%—still above market growth after 3.5% a year earlier. In occupational pensions, where competition is intense, the insurer prioritized portfolio profitability over growth and plannedly reduced premium volume.
The life segment's financial result rose roughly 73% to CHF 151.2 million from CHF 87.5 million, while profit jumped to CHF 79.2 million from CHF 29.5 million.
A broadly positive market environment produced an investment-result gain of CHF 474.2 million in the first half.
For its 200th anniversary year, Mobiliar said it will distribute a larger-than-usual share of results to policyholders: CHF 319 million flowing back from July 2026 to June 2027, representing a 50% increase over prior years' payouts.
