Swiss Life Reports Solid Growth in First Nine Months of 2024

Zurich-based Swiss Life Holding AG has reported substantial growth across its business sectors for the first three quarters of 2024. Fee income rose to CHF 1.88 billion, marking a 6% increase in local currency, while premiums saw a 4% rise to CHF 15.9 billion.

In Switzerland, premiums increased to CHF 8.0 billion. Fee income rose by 5% to CHF 252 million. France witnessed a robust 12% growth in premiums to EUR 5.6 billion, with life business premiums up by 15%. Germany saw a 4% increase in premiums to EUR 1.1 billion, and a 10% increase in fee income.

Swiss Life's asset management arm achieved fee income of CHF 699 million. Direct investment income climbed to CHF 3.08 billion. The company's SST ratio, a solvency measure, stands at approximately 205%.

Swiss Life remains confident about meeting its financial targets. An update on their strategic direction will be presented at Investor Day on December 3, 2024.