Swiss Life Holding AG reports 1H results; launches CHF 250M share buyback programme

Swiss Life Holding AG reported a net profit of CHF 649 million for the first half of the fiscal year, reflecting an 8% increase, along with strong fee income growth of 7% to CHF 1.34 billion.

The company's return on equity improved to 20.2%, while premium income rose by 3% to CHF 12.3 billion, further demonstrating its solid financial performance.

The Swiss Solvency Test (SST) ratio reflects financial stability at approximately 215%, and the company is confident in the progress of its “Swiss Life 2027” strategic program, which includes a new CHF 250 million share buyback initiative.

To enhance operational efficiency, Swiss Life Holding AG plans a workforce reduction of about 600 positions by 2028, indicating a focus on strategic realignment alongside its growth initiatives.

Recommendation Rating: Positive Outlook for Swiss Life Holding AG

Swiss Life Holding AG has reported a robust financial performance for the first half of the fiscal year, achieving a net profit of CHF 649 million, reflecting an 8% increase. The firm also reported strong results in fees, with total fee income reaching CHF 1.34 billion, marking a 7% growth when adjusted for local currency. The fee result specifically rose to CHF 430 million, exhibiting an 11% increase in local currency.

The company's return on equity stood at an impressive 20.2%, a notable increase from 17.6% in the previous half-year period. Premium income showed a positive trend as well, totaling CHF 12.3 billion, which is a 3% rise when adjusted for local currency. In terms of asset management, the Total Portfolio Asset Management (TPAM) segment garnered net new assets of CHF 7.2 billion, though it is lower than the CHF 13.2 billion recorded in the same period last year. The company's assets under management have escalated to CHF 158 billion, up from CHF 146 billion at the end of 2025.