Facts & Figures
The Swiss Life Group’s 2020 financial year at a glance
Business development — In a challenging environment, Swiss Life maintained adjusted profit from operations at a high level of CHF 1.57 billion in 2020 thanks to the great engagement of employees and advisors. Net profit in 2020 fell by 13% from the previous year to CHF 1.05 billion. The fee result increased compared with the previous year by 11% to CHF 601 million. Swiss Life Asset Managers and the owned advisory organisations in Germany contributed the most to this result. Swiss Life continued to expand its fee business, generating fee income of CHF 1.96 billion. Premiums came to CHF 20 billion. In its insurance business Swiss Life generated direct investment income of CHF 4.0 billion in 2020, which corresponds to a direct investment yield of 2.4%. The net investment yield was 2.2%. Swiss Life Asset Managers posted net new assets of CHF 7.5 billion in TPAM business in 2020. Third-party assets under management came to CHF 91.6 billion at the end of 2020, an increase of 10%.
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 2020 the Swiss Life Group employed approximately 9800 people worldwide and had a network of some 15 800 advisors.
2 incl. share buy-back
(2020: CHF 29 million / 2019: CHF 913 million / 2018: CHF 87 million)