Swiss Life increases net profit in 2022 by 16% to CHF 1.46bn

Written by Adam Cadle

14/02/2023

Swiss Life increased its net profit in 2022 by 16% to CHF 1.46bn, and the value of new business increased to CHF 497m from CHF 482m from a year earlier.

The adjusted return on equity was 12.8%, up by 11% from 2021.

Swiss Life said it estimated that its SST ratio is around 215% as at 1 January 2023, based on the regulatory solvency model. The solvency ratio was thus above the ambition range of 140 to 190%.

In 2022, Swiss Life generated direct investment income of CHF 3.93bn (2021: CHF 4.02bn). The direct investment yield rose to 2.5% (previous year: 2.3%), while the net investment yield was 2.7% (previous year: 2.9%).

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