Swiss Life increases net profit by 5%

Written by Adam Cadle

16/08/2017

Swiss Life has increased its net profit by 5 per cent to CHF 524m in H1 2017 and increased its new business margin from 1.5 per cent to 2.6 per cent.

According to the firm's latest financial results, the value of new business thus rose by 56 per cent to CHF 177m up from CHF 113m the previous year.

Swiss Life generated direct investment income of CHF 2.2bn the same as the previous year. The non-annualised direct investment yield was stable at 1.5 per cent; the net investment yield on a non-annualised basis was 1.4 per cent down from 1.6 per cent the previous year.

Swiss Life Asset Managers posted new assets of CHF 3.3bn in its third-party business. As a result, it had CHF 54.3m in assets under management for third parties at the end of June 2017, a rise of 10 per cent compared to 2016.

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