Facts & Figures
The Swiss Life Group’s 2019 financial year at a glance
Business development — Business at Swiss Life continued to develop well in 2019: adjusted profit from operations rose by 10% over the previous year to CHF 1.69 billion, driven mainly by the improved fee result. Net profit came to CHF 1.20 billion, an increase of 12% over the previous year. Swiss Life was able to increase its fee income by 16% to CHF 1.82 billion in local currency. Gains were recorded in fee income from third-party business, with independent financial advisors as well as from own and third-party products and services. Premiums totalled CHF 23.0 billion; insurance reserves to the benefit of the company’s policyholders rose by 7% in local currency. In its insurance business Swiss Life generated direct investment income of CHF 4.4 billion, which corresponds to a direct investment yield of 2.8%. The net investment yield was 2.9%. As of 31 December 2019, Swiss Life Asset Managers had a total of CHF 254.4 billion assets under management. Of this, third-party business accounted for CHF 83.0 billion.
Markets — As a leading European provider of comprehensive life and pensions and financial solutions, the Swiss Life Group enables people to lead a self-determined life. In Switzerland, France and Germany, Swiss Life offers individuals and corporations comprehensive and individual advice plus a broad range of own and partner products through its sales force and distribution partners such as brokers and banks. The Swiss Life Select, Tecis, Horbach, Proventus, Chase de Vere and Fincentrum advisors choose suitable products for customers from the market according to the Best Select approach. Swiss Life Asset Managers offers institutional and private investors access to investment and asset management solutions. Swiss Life provides multinational corporations with employee benefits solutions and high net worth individuals with structured life and pensions products. The subsidiaries Livit, Corpus Sireo, Mayfair Capital, Beos and Fontavis are also part of the Group.
Employees — At the end of 2019 the Swiss Life Group employed approximately 9300 people worldwide and had a network of some 14 000 advisors.
2 incl. share buy-back (2019: CHF 913 million / 2018: CHF 87 million)