Swiss Life increased its operating profit by 3 percent to 1,83 billion francs in the 2025 financial year. Net profit, however, remained at the previous year’s level of 1,26 billion francs. At the same time, the return on equity rose to 17,2 percent, up from 16,6 percent in the prior year.

«I am very satisfied with our operational performance in both the insurance and the fee businesses in 2025. We were able to increase our business volume, operating profit and return on equity,» said Group CEO Matthias Aellig, according to a statement released on Thursday. The corporate programme «Swiss Life 2027» had therefore made a strong start.

Group-CEO Matthias Aellig. (Image: zVg)

Fee Business Continues to Grow

Gross premium income rose by 3 percent to 20,9 billion francs. The fee business also continued to expand: fee income increased by 5 percent in local currency, or 4 percent overall, to 2,59 billion francs. Fee result amounted to 858 million francs, which was 1 percent lower in local currency, or 2 percent below the previous year’s level.

Future profit contributions from the existing insurance business, measured by the contractual service margin, increased to 15,3 billion francs.

Swiss Life also recorded strong inflows in asset management. In the third-party asset management business (TPAM), net new assets rose to 17,7 billion francs — almost double the level of the previous year. Assets under management increased to 146 billion francs as a result.

Operationally, Swiss Life expanded in all regions. In Switzerland, premium income rose to 10,2 billion francs (plus 3 percent), while the segment result increased by 4 percent to 891 million francs. In France, Germany and the international business, the group also managed to increase both premiums and earnings.

On Track With the Strategy Programme

Solvency remained comfortable. The SST ratio stood at around 210 percent at the end of 2025, well above the strategic target range.

With these results, Swiss Life sees itself on track with its strategy programme «Swiss Life 2027». By 2027, the group aims to increase its fee result to more than 1 billion francs and achieve an annual return on equity of 17 to 19 percent.

The Board of Directors will propose to the Annual General Meeting on 7 May 2026 a dividend of 36,50 francs per share, up from 35,00 francs in the previous year. The payout corresponds to an increase of 4 percent.