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Swiss Life: sold off after annual results

(CercleFinance.com) - Swiss Life shares lost 4% in Zurich after the insurer published its 2024 results, which showed net income of 1.
26bn CHF and adjusted operating income of 1.78bn CHF, up 13% and 20% respectively.

This increase was driven by a sharp rise in income from fees and commissions (+33% in local currency, to 875m CHF), notably due to the very strong growth of Swiss Life Asset Managers.

These results enable us to close our corporate program 'Swiss Life 2024' successfully in all respects, management said, pointing out that all financial targets have been met or exceeded.

On the strength of a return on equity of 16.6%, compared with 13.7% for the previous year, the Board of Directors is proposing a dividend of 35 CHF per share to the AGM, compared with 33 CHF a year earlier.


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