Balance sheet
| In millions of CHF | 2025 | 2024 |
|---|---|---|
| Investments | 8'489.7 | 8'199.1 |
| Cash and short-term investments | 229.4 | 91.9 |
| Bonds | 3'180.2 | 3'166.1 |
| Equities | 2'359.7 | 2'264.6 |
| Swiss Real Estate | 1'419.4 | 1'327.2 |
| International Real Estate | 190.5 | 196.6 |
| Infrastructure | 173.5 | 151.7 |
| Private equity | 920.6 | 982.9 |
| Hedge funds | 16.4 | 18.1 |
| Receivables and prepaid expenses | 32.9 | 49.3 |
| Assets and receivables | 30.6 | 29.1 |
| Employer participation | 2.1 | 19.6 |
| Prepayments and accrued income | 0.2 | 0.5 |
| Total assets | 8'522.6 | 8'248.3 |
| In millions of CHF | 2025 | 2024 |
|---|---|---|
| Liabilities and accrued expenses | 81.1 | 45.0 |
| Vested termination benefits and pensions | 78.0 | 29.0 |
| Other payables | 1.5 | 1.6 |
| Accrued liabilities and deferred income | 1.5 | 14.3 |
| Employers’ contribution reserve | 152.2 | 71.7 |
| Pension liabilities and actuarial provisions | 6'837.2 | 6'809.8 |
| Active members’ liabilities | 2'950.3 | 2'844.7 |
| Pensioners’ liabilities | 3'801.2 | 3'891.1 |
| Provision for longevity | 60.8 | 46.7 |
| Provision for death and disability risks | 24.9 | 27.3 |
| Investment fluctuation reserve | 1'367.4 | 1'321.9 |
| Non-committed funds | 84.6 | 0 |
| Total liabilities | 8'522.6 | 8'248.3 |