Swiss Life increased its gross premiums to 7,92 billion Swiss francs in the first quarter of 2025, up 5 percent on the same period last year. Fee income also increased by 3 percent to 659 million francs zu, wie der Mitteilung des Versicherers vom Dienstagmorgen zu entnehmen ist.

Premium growth was broad-based across all business units (Switzerland, France, Germany and International). The result was a plus before the rate of change everywhere. Fee income also increased across the board, with the exception of the International business unit, where it fell by 5 percent.

Strong Inflows into Equities and Bonds

In the Swiss Life Asset Managers unit, assets under management (third-party business) increased by 8 percent to 134.82 billion francs. The net inflow of new money amounted to 9.32 billion francs. According to the press release, this was due to strong inflows into equities and bonds. In the same period of the previous year, the asset management division only saw a net inflow of 0.7 billion francs.

Direct investment income in the 1st quarter amounted to 1,084 million francs, compared to 1,024 million francs in the same period of the previous year.

Of particular relevance to shareholders, the 750 million franc share buyback program—set to run through the end of May 2026—appears to be progressing as planned.

Good Start for «Swiss Life 2027»

Matthias Aellig, Group CEO of Swiss Life, is satisfied: «In the first three months of the year we expanded both our insurance and fee business. And we achieved very strong net new money inflows in the investment business with third-party clients. The first quarter is a pleasing start to our 'Swiss Life 2027' program, with which we want to continue our successful development of recent years»

Swiss Life presented the program at the Investor Day in December 2024 (finews.ch reported).