Smile continues to grow in Spain and launches dog liability insurance

Helvetia Holding AG / Key word(s): Miscellaneous
Smile continues to grow in Spain and launches dog liability insurance

14.05.2024 / 07:00 CET/CEST

---------------------------------------------------------------------------

Media release
St.Gallen, 14 May 2024

smile.dog is the second product launched in Spain by the leading Swiss
online insurance company Smile. The new product has been developed as dog
owners in Spain will likely be required to take out liability insurance for
their pets in the coming months.

The launch in Spain of smile.mobility at the end of 2023 is now being
followed by dog liability insurance with smile.dog. This second product
fully embodies what Smile stands for: hassle-free, 100% online insurance
that offers comprehensive benefits at a fair price.

smile.dog offers cover for personal injury and property damage to third
parties, plus associated legal costs up to a limit of EUR 400.000. In Spain,
legislation is expected to be introduced in the coming months that will make
it compulsory for all dog owners to take out dog liability insurance.
Smile's new product therefore comes at the right time. It will be available
for all dog breeds and can be taken out with coverage for Spain or the whole
of Europe.

"Following the launch of Smile in Spain at the end of last year, we are
taking the next step in this market by launching smile.dog. For me, the new
offer perfectly demonstrates how Smile is not just able to fulfil customer
needs but also anticipate and react in an agile way to changes in the
market", says Joséphine Chamoulaud, CEO of Smile.

Close collaboration within the Helvetia Group
Smile pursues a business model that complements Helvetia and meets the
growing demand for digital insurance solutions among customers. As part of
the helvetia 20.25 strategy, this business model is gradually being scaled
up in Austria and Spain. In Spain, the product range is being expanded in
close collaboration with Caser and Helvetia Seguros. Both have many years of
experience and expertise in the development of innovative products.

     Jonas Grossniklaus
     Head of Corporate Communications

     Phone: +41 58 280 50 33
     (1)media.relations@helvetia.ch

1. mailto:media.relations@helvetia.ch
About the Helvetia Group
Helvetia Group, with its headquarters in St. Gallen, has grown since 1858 to
become a successful insurance group with over 13,800 employees and more than
7,2 million customers. It has been enabling its customers to seize
opportunities and minimise risks for all that time - Helvetia is there for
them when it matters. Helvetia is the best partner and is present everywhere
that protection needs arise, with insurance, pension and investment
solutions from a single source as well as simple products and processes. The
insurance group knows the business, from mobile phone insurance and
insurance cover for the Gotthard Base Tunnel to the long-term investment of
customer assets. Helvetia develops and opens up new business models with
enthusiasm and drives forward its own business in a powerful and
future-oriented manner. It acts with foresight and responsibility in
everything it does: for the benefit of its shareholders, customers and
employees as well as its partners, society and the environment.
Helvetia is the leading all-lines insurer in Switzerland. In the Europe
segment comprising Germany, Italy, Austria and Spain, the company has firmly
rooted market positions for generating above-average growth. In the
Specialty Markets segment, Helvetia offers tailored special insurance and
reinsurance cover worldwide. With a business volume of CHF 11.3 billion,
Helvetia generated underlying earnings of CHF 372.5 million and an IFRS net
income of CHF 301.3 million in the 2023 financial year. The shares of
Helvetia Holding AG are traded on SIX Swiss Exchange.

Cautionary note
This document was prepared by Helvetia Group and may not be copied, altered,
offered, sold or otherwise distributed to any other person by any recipient
without the consent of Helvetia Group. The German version of this document
is decisive and binding. Versions of the document in other languages are
made available purely for information purposes. Although all reasonable
effort has been made to ensure that the facts stated herein are correct and
the opinions contained herein are fair and reasonable, where any information
and statistics are quoted from any external source such information or
statistics should not be interpreted as having been adopted or endorsed as
accurate by Helvetia Group. Neither Helvetia Group nor any of its directors,
officers, employees and advisors nor any other person shall have any
liability whatsoever for loss howsoever arising, directly or indirectly,
from any use of this information. The facts and information contained in
this document are as up to date as is reasonably possible but may be subject
to revision in the future. Neither Helvetia Group nor any of its directors,
officers, employees or advisors nor any other person makes any
representation or warranty, express or implied, as to the accuracy or
completeness of the information contained in this document.
This document may contain projections or other forward-looking statements
related to Helvetia Group which by their very nature involve inherent risks
and uncertainties, both general and specific, and there is a risk that
predictions, forecasts, projections and other outcomes described or implied
in forward-looking statements will not be achieved. We caution you that a
number of important factors could cause results to differ materially from
the plans, objectives, expectations, estimates and intentions expressed in
such forward-looking statements. These factors include: (1) changes in
general economic conditions, in particular in the markets in which we
operate; (2) the performance of financial markets; (3) changes in interest
rates; (4) changes in currency exchange rates; (5) changes in laws and
regulations, including accounting policies or practices; (6) risks
associated with implementing our business strategies; (7) the frequency,
magnitude and general development of insured events; (8) mortality and
morbidity rates; (9) policy renewal and lapse rates as well as (10), the
realisation of economies of scale as well as synergies. We caution you that
the foregoing list of important factors is not exhaustive; when evaluating
forward-looking statements, you should carefully consider the foregoing
factors and other uncertainties. All forward-looking statements are based on
information available to Helvetia Group on the date of its publication and
Helvetia Group assumes no obligation to update such statements unless
otherwise required by applicable law.


---------------------------------------------------------------------------

End of Media Release

---------------------------------------------------------------------------

   Language:       English
   Company:        Helvetia Holding AG
                   Dufourstrasse 40
                   9001 St.Gallen
                   Switzerland
   E-mail:         media.relations@helvetia.ch
   Internet:       www.helvetia.com
   ISIN:           CH0466642201
   Valor:          46664220
   Listed:         SIX Swiss Exchange
   EQS News ID:    1902053

End of News EQS News Service
---------------------------------------------------------------------------

1902053 14.05.2024 CET/CEST