Insurance companies Swiss Life increases profit and pays higher dividend
Swiss Life earned more in 2024 and intends to pay shareholders a higher dividend. The financial group has achieved or even exceeded the targets set for the end of 2024 and set the bar a little higher for 2027.
14.03.2025, 07:04
14.03.2025, 07:29
SDA
Last year, Swiss Life's profit rose by 13 percent to CHF 1.26 billion, as reported on Friday. Adjusted profit from operations rose by 19 percent to CHF 1.78 billion, while premium income increased by 2 percent to CHF 20.3 billion.
Swiss Life has thus met analysts' expectations. On average, they had also expected an annual profit of CHF 1.26 billion and premium income of CHF 20.3 billion.
At the Annual General Meeting on May 14, the Board of Directors will propose a dividend increase of CHF 2 to CHF 35 per share. Analysts had expected an increase to just under 35.30 francs.
Swiss Life has increased its fee result, operating profit and net profit as well as the cash transfer to the holding company and successfully completed the "Swiss Life 2024" program, Matthias Aellig, Group CEO since last May, is quoted in the press release.
The Group now wants to make further gains. In the "Swiss Life 2027" program presented in December, the insurance group is now aiming for a return on equity of 17 to 19 percent after the 10 to 12 percent in the last program. In 2024, this return was already a high 16.6% (previous year: 13.7%).
