The Swiss Life Group’s 2022 financial year at a glance
Business development
Swiss Life achieved a strong annual result for 2022 and generated adjusted profit from operations of CHF 2.06 billion. That corresponds to a 17% rise compared with the previous year. Net profit rose by 16% to CHF 1.46 billion. The savings result in particular made a significant contribution to this positive result in an environment of rising interest rates. Swiss Life increased its fee result by 13% in local currency to CHF 756 million. Swiss Life continued to expand its fee business in 2022: fee income rose by 9% in local currency to CHF 2.37 billion. Premiums came to CHF 19.6 billion in 2022 (+1% in local currency). Swiss Life generated direct investment income of CHF 3.93 billion in 2022; the direct investment yield was 2.5% and the net investment yield was 2.7%. Swiss Life Asset Managers posted net new assets of CHF 9.8 billion in TPAM business in 2022. Third-party assets under management came to CHF 105.4 billion at the end of 2022.
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 private and corporate customers comprehensive and individual advice plus a broad range of proprietary 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 2022, the Swiss Life Group had a full-time workforce of around 10 000 worldwide and a network of more than 17 000 advisors.