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Share Performance and Historical Comparison

The Swiss Life share closed out 2020 at CHF 412.40. That corresponds to a decrease of 15%,
or 10% taking into account the dividend distribution plus repayment of par value totalling CHF 20.00.

The Covid-19 pandemic triggered major uncertainty on the stock exchanges. This led to significant upheavals on the global equity and bond markets, particularly in the first quarter of 2020. By bundling monetary and fiscal policy measures, governments and central banks were able to calm the markets for the most part in the following quarters. Thanks to the rapid successes in the development and approval of vaccines, the first vaccinations had been administered by the end of the year. This led to a strong market recovery, although the macroeconomic situation deteriorated again in the fourth quarter due to renewed lockdown measures.

In this challenging environment, the Swiss Market Index (SMI) posted a performance of +1%. The Swiss Life share closed the year 15% down, thereby exhibiting a similar trend to the European insurance industry index Dow Jones STOXX 600 Insurance (–14%). Insurance stocks thus underperformed compared to the SMI.

At the Annual General Meeting of Swiss Life Holding Ltd in April 2020, the shareholders approved a repayment of par value of CHF 5.00 per share and an ordinary dividend distribution of CHF 15.00 per share. In March 2020, Swiss Life initiated another share buyback programme amounting to CHF 400 million. At the end of March 2020, Swiss Life, like all other major listed banks and insurance companies in Switzerland, temporarily suspended its share buyback programme having repurchased shares worth CHF 29 million. On 4 January 2021, Swiss Life resumed the share buyback programme and will repurchase the remaining CHF 371 million under the programme by the end of May 2021.

Swiss Life share details

Swiss security number1 485 278
ISINCH 001 485 278 1
Ticker symbol SIXSLHN
ReutersSLHN.S
BloombergSLHN SW


Share performance

Amounts in CHFas at 202020202019201820172016
Number of shares31.12.32 014 39133 594 60634 223 10634 223 10632 081 201
Annual high19.02.521.40508.40395.90363.50290.30
Annual low23.03.261.00380.20328.10292.40211.50
Year-end price30.12.412.40485.80378.60345.00288.20
Performance of Swiss Life (in %)–15+28+10+20+6
Swiss Market Index (SMI)30.12.10 70410 6178 4299 3828 220
Performance of Swiss Market Index (SMI) (in %)+1+26–10+14–7
Dow Jones STOXX 600 Insurance Index (in EUR)31.12.279.14322.75259.40288.35269.66
Performance of Dow Jones STOXX 600 Insurance Index (in %)–14+24–10+7–6
Average trading volume234 155156 762177 519144 983158 405
Market capitalisation (in CHF million)30.12.13 20316 32012 95711 8079 246
Basic earnings per share32.8736.5931.5830.9828.92
Diluted earnings per share32.7836.4831.4929.6327.27
Dividend paid / par value repayment per share05.05./24.07.20.0016.5013.5011.008.50
Total dividend payout to shareholders (in CHF million)05.05./24.07.636547460356271
Dividend yield on year-end price (in %)30.12.4.853.403.573.192.95


Breakdown of registered shares with voting rights as at 31.12.2020

Number of sharesNumber of shareholdersAs % of registered shareholders
1-25162 83785.27
26-10020 13410.54
101-1 0007 2363.79
> 1 0007490.39
TOTAL190 956100.00


Standard & Poor’s financial strength ratings as at 31.12.2020

ClassificationOutlook
Swiss Life Ltd, ZurichA+stable
Swiss Life Ltd, Branch Germany, MunichA+stable


Swiss Life Group historical comparison

In CHF million (if not stated otherwise)20202019201820172016
PREMIUM VOLUME
Gross written premiums, policy fees and deposits received20 02023 00819 21818 56517 366
FIGURES FROM CONSOLIDATED STATEMENT OF INCOME
Net earned premiums15 30417 03413 15712 79113 228
Fee and commission income1 9571 8201 6151 4691 351
Financial result4 2735 2275 0034 3955 062
TOTAL INCOME21 72824 32020 06218 76919 7841
Net insurance benefits and claims–15 629–17 83813 961–13 189–14 064
Policyholder participation–910–1 124–1 155–949–1 325
Operating expense–3 590–3 541–3 268–2 842–2 7641
TOTAL EXPENSE–20 256–22 66918 527–17 292–18 3931
PROFIT FROM OPERATIONS1 4721 6511 5341 4761 3911
NET PROFIT1 0511 2051 0801 013926
Net profit attributable to
Equity holders of Swiss Life Holding1 0461 1991 0761 007922
Non-controlling interests56464
FIGURES FROM CONSOLIDATED BALANCE SHEET
Equity17 26316 43515 03415 58313 739
Insurance reserves189 624183 339170 048171 649159 899
Total assets237 538228 094212 982212 800199 731
FURTHER KEY FIGURES
Return on equity (in %)29.4310.839.639.810.0
Assets under control322 979303 677277 040269 255243 255
Value of new business465561386351296
Number of employees (full-time equivalents)9 8239 3308 6247 9797 801
Number of advisors15 83013 57013 56011 24310 874