Swiss Life: increase in commissions in Q1
(CercleFinance.com) - The company further expanded its commission business in Q1 2022.
It generated total commission income of 579 million Swiss francs (vs. 527 million Swiss francs the previous year).
14% growth was driven by Swiss Life Asset Managers (+20%), own and third-party products and services (+12%) and IFAs held (+2%).
The insurance group generated premiums of 6.86 billion Swiss francs in Q1 (vs. 6.80 billion Swiss francs the previous year), up 3% in local currency.
Copyright (c) 2022 CercleFinance.com. All rights reserved.