The Swiss Life Group’s 2016 financial year at a glance
Business overview — The Swiss Life Group once again increased its earnings power in 2016: net profit grew by 5 % to CHF 926 million. Adjusted profit from operations rose by 5% year-on-year, to CHF 1.4 billion. The main driver of the increase in earnings power is the successful expansion of the fee business, with premium income down by 8% year-on-year to CHF 17.4 billion. The decline is primarily a result of the consistent focus on profitability and capital efficiency. The Group grew its fee income by 5% to CHF 1.4 billion. In 2016, Swiss Life achieved direct investment income of CHF 4.3 billion, which was the same as 2015. The net investment yield was 3.3%. This good return allowed Swiss Life to again strengthen the insurance reserves by about CHF 1 billion.
Markets — The Swiss Life Group operates in Switzerland, France and Germany and has competency centres in Luxembourg, Liechtenstein and Singapore. Swiss Life provides multinational corporations with employee benefits solutions and high net worth individuals with structured life and pensions products. The Swiss Life Select, Tecis, Horbach, Proventus and Chase de Vere advisors use the Best Select approach in various European markets to choose suitable products for customers. Swiss Life Asset Managers offers institutional and private investors in Switzerland, France, Germany and the United Kingdom access to investment and asset management solutions. The Group also comprises Livit, Corpus Sireo and Mayfair Capital.
Staff — Approximately 7800 employees and 4800 certified financial advisors were working for the Swiss Life Group worldwide at the end of 2016.