The Swiss Life Group’s 2021 financial year at a glance
Business development
Swiss Life achieved a strong annual result for 2021: the Swiss Life Group posted an adjusted profit from operations of CHF 1811 million. That corresponds to a 15% rise compared with the previous year. Net profit rose by 20% to CHF 1257 million. Regarding the fee result, Swiss Life achieved 16% growth in local currency to CHF 699 million. Swiss Life continued to expand its fee business in 2021: fee income rose by 16% in local currency to CHF 2296 million. All divisions increased their contribution to that. Premiums came to CHF 20.2 billion in 2021 and were thus roughly at the previous year's level in local currency. In its insurance business, Swiss Life achieved a direct investment yield of 2.3% in 2021, while the net investment yield was 2.9%. Life Asset Managers posted net new assets of CHF 9.4 billion in TPAM business in 2021. Third-party assets under management came to CHF 102.8 billion at the end of 2021, an increase of 12%.
Markets
As a leading European provider of comprehensive life and pensions and financial solutions, the Swiss Life Group enables people to lead a self-determined life. In Switzerland, France and Germany, Swiss Life offers individuals and corporations comprehensive and individual advice plus a broad range of own and partner products through its sales force and distribution partners such as brokers and banks. The Swiss Life Select, Tecis, Horbach, Proventus, Fincentrum and Chase de Vere advisors choose suitable products for customers from the market according to the Best Select approach. Swiss Life Asset Managers offers institutional and private investors access to investment and asset management solutions. Swiss Life provides multinational corporations with employee benefits solutions and high net worth individuals with structured life and pensions products. A number of subsidiaries are also part of the Swiss Life Group.
Employees
At the end of 2021 the Swiss Life Group employed approximately 10 000 people worldwide and had a network of some 17 000 advisors.