Swiss Life: H1 net profit flat

(CercleFinance.com) - Swiss Life has reported a fairly stable net profit of 632m CHF for H1 2024, as well as adjusted operating profit that is up 7% to 883m CHF, on premiums of 11.
7bn CHF (+3% in local currencies).

We have continued to develop our fee and commission business and increased fee and commission income by 17% thanks to the pleasing performance of Swiss Life Asset Managers and Swiss Life France, management said.

Regarding its 'Swiss Life 2024' program, management says it is on track to meet or exceed all its financial targets, having already exceeded those relating to the cumulative transfer of cash to the holding company and the share buyback.

In addition, Swiss Life announces that Per Erikson will succeed Stefan Mächler as the new group chief investment officer (CIO) and CEO of Swiss Life Asset Managers as of 1 April 2025, and will thus become a member of the management team.


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