According to a statement from Wednesday, Swiss Life generated fee income of 2.04 billion francs in the first nine months, compared with 1.91 billion francs a year earlier. This corresponds to growth of 8 percent in local currencies. Premium income also rose by 8 percent to 17.4 billion francs. 

Switzerland with strong premium growth

In its home market of Switzerland, premium income rose by 15 percent to 9.4 billion francs. The main driver was particularly high single premiums in the business with occupational pensions. Fee income increased by 9 percent to 289 million francs.

In France, premium income rose by 4 percent to 6.1 billion euros, and in Germany by 2 percent to 1.1 billion euros. Fee income increased by 12 percent in France and by 17 percent in Germany. Excluding the contribution from the acquired TELIS Group, growth in Germany was 10 percent.

Significantly less new money in asset management

Swiss Life Asset Managers recorded net new money inflows of 8.5 billion francs in third-party business. In the previous year, the figure had been 15 billion francs. This corresponds to a decline of around 43 percent.

Assets under management in third-party business nonetheless rose by 10 percent since the start of the year to 161 billion francs. Total revenue at Swiss Life Asset Managers increased from 742 million francs to 789 million francs. Of this, 526 million francs came from third-party business, compared with 479 million francs a year earlier.

Lower investment income and solvency ratio

Direct investment income fell from 3.13 billion francs to 2.96 billion francs. The non-annualized direct investment return declined from 2.2 percent to 2.1 percent. The estimated SST solvency ratio stood at around 205 percent at the end of September, compared with 213 percent at the end of 2025.

On October 1, Swiss Life also launched a share buyback program worth 250 million francs. It will run until the end of March 2027.