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Annual Report 2023
Annual Report 2023
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1 General Information

The Swiss Life Group is one of Europe’s leading comprehensive life and pensions and financial solutions providers. In its core markets of 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.

Swiss Life Select, Tecis, Horbach, Proventus 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.

Dividend payment

For the 2022 financial year, a dividend of CHF 877 million (CHF 30.00 per registered share) was paid in May 2023 to the shareholders of Swiss Life Holding Ltd (hereinafter referred to as “Swiss Life Holding”).

Share buyback programme

As announced during the Investor Day on 25 November 2021, Swiss Life started a CHF 1 billion share buyback programme in December 2021. By 30 May 2023, 1 876 368 shares had been purchased at an average price of CHF 532.94 per share, of which 472 487 shares for CHF 262 million were purchased in 2023, 1 335 881 shares for CHF 701 million in 2022 and 68 000 shares for CHF 38 million in 2021. The programme was completed in May 2023.

As announced on 6 September 2023, Swiss Life started a CHF 300 million share buyback programme in October 2023. By 31 December 2023, 261 800 shares had been purchased for CHF 150 million at an average price of CHF 573.46 per share. The programme will be completed in March 2024.

Approval of financial statements

On 8 April 2024, the Board of Directors approved the annual financial statements and the financial report and authorised them for issue. The financial report, therefore, only reflects events up to that date.