Swiss life completes a solid first half, commissions and profit up

The Zurich insurer Swiss Life reported on Wednesday a 4% increase in its net profit over one year in the first half, driven by income from well-oriented fees and commissions.

Quoted in a press release, the group’s chief executive Patrick Frost welcomed the performance of all the divisions and welcomed a good start in the implementation of the strategic plan for 2024. We therefore confirm the financial objectives of the Swiss Life group until 2024, he resumed.

In detail, the net profit was established 642million Swiss francs (664 million euros) for the period from January to the end of June, a slight increase in local currency compared to the 618 million Swiss francs recorded in the first half of 2021.

Income from fees and commissions increased more significantly to reach 1.17 billion Swiss francs (1.21 billion euros), against 1.08 billion Swiss francs last year.

In France, its second largest market after Switzerland, the insurer active in occupational pensions and insurance products details a segment result up by 12% 147million euros thanks to the good contribution of the unit-linked activity and private banking activities.

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In July, Swisslife sold to CNP Assurances the share (34%) that it held in their joint personal and property assistance subsidiary Filassistance International, in accordance with the provisions of their shareholders’ agreement dating from 2012. .

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