Swiss Life grows in the first nine months
Published: Thursday, Nov 14th 2024, 08:30
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Swiss Life continues to grow. In the first nine months of the current year, the financial group increased both its premium volume and fee income in line with expectations.
In the fee business, which includes financial advice, asset management and the sale of pension products, income rose by 5 percent to CHF 1.88 billion, as Swiss Life announced on Thursday. Calculated in local currencies, growth amounted to 6 percent.
Meanwhile, premium income in the insurance business rose by 3% to CHF 15.9 billion in the months from January to September. In local currencies, the volume here grew by 4 percent.
Swiss Life has therefore more or less met analysts' estimates for both fee income and premium income. On average, they had expected fee income of 1.88 billion and premium income of 15.8 billion.
Swiss Life continued its good performance from the first half of the year in the third quarter of 2024, Group CEO Matthias Aellig is quoted as saying in the press release. Growth was broad-based in both the fee and insurance business.
With regard to the targets set in the "Swiss Life 2024" program, the company still considers itself to be well on track. These will be achieved or exceeded, Aellig confirmed earlier statements. Swiss Life will communicate new targets at the beginning of December.
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