Swiss Life Holding AG
SIX:SLHN
Swiss Life Holding AG
In the heart of Zurich, Swiss Life Holding AG stands as a testament to the enduring power of strategic innovation and prudent financial stewardship in the insurance industry. Founded in 1857, Swiss Life has woven itself into the fabric of European financial services. Originally beginning as a provider of life insurance, the company has grown into one of Europe’s leading comprehensive life and pensions providers. Swiss Life earned its reputation for reliability and security through a keen understanding of risk management and a strong emphasis on customer-centric approaches. By offering life insurance, pensions, and long-term savings solutions, Swiss Life adeptly addresses the evolving needs of its clients, balancing traditional safety nets with forward-thinking financial planning.
The firm thrives by not just selling insurance products but by embedding them into an integrated ecosystem of financial solutions. Their business model is rooted in the collection of premiums, which are then strategically invested to generate returns that cover policyholders' claims and expenses whilst delivering profits. This is complemented by fee-generating services, including asset management for third-party clients, broadening their revenue base beyond traditional insurance premiums. The company's adaptive strategies and diversification across markets in Switzerland, Germany, and France, as well as its presence in asset management and global private placement markets, underpin its sustained growth. Swiss Life's sophisticated investment arm leverages its expertise to manage a comprehensive portfolio, seeking stability and growth across economic cycles, thereby reinforcing the company's resiliency and profitability.
In the heart of Zurich, Swiss Life Holding AG stands as a testament to the enduring power of strategic innovation and prudent financial stewardship in the insurance industry. Founded in 1857, Swiss Life has woven itself into the fabric of European financial services. Originally beginning as a provider of life insurance, the company has grown into one of Europe’s leading comprehensive life and pensions providers. Swiss Life earned its reputation for reliability and security through a keen understanding of risk management and a strong emphasis on customer-centric approaches. By offering life insurance, pensions, and long-term savings solutions, Swiss Life adeptly addresses the evolving needs of its clients, balancing traditional safety nets with forward-thinking financial planning.
The firm thrives by not just selling insurance products but by embedding them into an integrated ecosystem of financial solutions. Their business model is rooted in the collection of premiums, which are then strategically invested to generate returns that cover policyholders' claims and expenses whilst delivering profits. This is complemented by fee-generating services, including asset management for third-party clients, broadening their revenue base beyond traditional insurance premiums. The company's adaptive strategies and diversification across markets in Switzerland, Germany, and France, as well as its presence in asset management and global private placement markets, underpin its sustained growth. Swiss Life's sophisticated investment arm leverages its expertise to manage a comprehensive portfolio, seeking stability and growth across economic cycles, thereby reinforcing the company's resiliency and profitability.
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.
