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Swiss Life Holding AG
XBER:SLW

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Swiss Life Holding AG Logo
Swiss Life Holding AG
XBER:SLW
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Kurs: 433.6 EUR Markt geschlossen
Marktkap.: €13.6B

Swiss Life Holding AG
Investor Relations

Swiss Life Holding AG is a Swiss financial services company best known for life insurance and retirement products. It sells insurance policies, pension plans, and savings-linked protection products that help individuals, families, and businesses manage long-term financial risks such as death, disability, and retirement income needs. The company also serves employers and institutions with occupational pensions and related services, and it earns money mainly from insurance premiums, fees on asset-based retirement and advisory products, and returns on the investment portfolio that backs its policy obligations. In some markets it also provides financial planning and brokerage services that connect customers with insurance and pension solutions. What makes Swiss Life distinct is its role at the center of the long-term savings and retirement system: it does not just underwrite risk, it also helps customers build and preserve capital over many years. That combination of protection, pension administration, and asset management makes it a more complex business than a pure insurer, with close ties to the needs of aging populations and workplace retirement plans.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Sep 3, 2025
AI Summary
Q2 2025

Operational Growth: Swiss Life delivered solid operational performance in H1 2025, with growth in both insurance and fee businesses.

Profit from Operations: Profit from operations rose by 3% in local currency to CHF 903 million, driven by a 6% increase in the insurance business operating result.

Net Profit Decline: Net profit fell by 5% to CHF 602 million, mainly due to higher tax expenses, especially from a French corporate tax hike.

Strong Asset Management Flows: Third-party asset management (TPAM) saw robust net new assets of CHF 13.2 billion, up sharply from CHF 1.2 billion last year.

SST Ratio: The Swiss Solvency Test (SST) ratio increased to around 205%, comfortably above the target range of 140% to 190%.

Cash Remittance: Cash remittance fell 8% to CHF 1.17 billion, but after adjusting for last year’s one-offs, underlying growth was 4%.

Share Buyback: The ongoing CHF 750 million share buyback is progressing as planned, set to complete by May 2026.

Guidance On Track: Management confirmed the company is on track to achieve all Swiss Life 2027 program targets.

Key Financials
Profit from Operations
CHF 903 million
Net Profit
CHF 602 million
Gross Written Premiums, Fees and Deposits Received
CHF 12.1 billion
Fee and Commission Income
CHF 1.3 billion
Net Investment Income (insurance portfolio for own risk)
CHF 1.6 billion
Operating Expenses
CHF 1 billion
Return on Equity
17.6%
Cash Remittance
CHF 1.17 billion
SST Ratio
205%
Shareholders' Equity
CHF 6.6 billion
Net New Assets (TPAM)
CHF 13.2 billion
Assets under Management (TPAM)
CHF 138 billion
Direct Investment Yield (non-annualized)
1.5%
Net Investment Yield (non-annualized)
1.2%
Gross Written Premiums (Switzerland)
CHF 6.3 billion
Premiums (France)
EUR 4 billion
Premiums (Germany)
EUR 758 million
Premiums (International)
EUR 1.4 billion
Segment Result (Switzerland)
CHF 458 million
Segment Result (France)
EUR 209 million
Segment Result (Germany)
EUR 121 million
Segment Result (International)
EUR 64 million
Segment Result (Asset Managers)
CHF 145 million
Cash Remittance (Switzerland)
CHF 609 million
Cash Remittance (France)
EUR 182 million
Cash Remittance (Germany)
EUR 102 million
Cash Remittance (International)
EUR 61 million
Cash Remittance (Asset Managers)
CHF 239 million
Assets under Management (semi-autonomous foundations, Switzerland)
CHF 8 billion
Combined Ratio (France P&C)
below 100%
Share Buyback
CHF 373 million repurchased as of August 29, 2025
CSM (after release)
CHF 14.8 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Marco Gerussi
Group CFO & Member of Corporate Executive Board
Keine Biografie verfügbar
Mr. Stefan Machler
Group Chief Investment Officer & Member of the Corporate Executive Board
Keine Biografie verfügbar
Mr. Tanguy Polet
CEO of France & Member of the Corporate Executive Board
Keine Biografie verfügbar
Mr. Theo Iaponas
CEO of International & Member of the Corporate Executive Board
Keine Biografie verfügbar
Ms. Heidi Hinterhuber
Head of Investor Relations
Keine Biografie verfügbar
Mr. Robert Moser
Head of Group Controlling
Keine Biografie verfügbar
Mr. José Antonio Blanco
Head of Investment Management for Third-Party Asset Management - Swiss Life Asset Managers
Keine Biografie verfügbar
Mr. Roman Stein
CEO of Switzerland & CFO of Swiss Life Switzerland
Keine Biografie verfügbar

Contacts

Adresse
ZUERICH
Zurich
General-Guisan-Quai 40
Kontakt
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