International
Swiss Life International is a reliable life insurance provider in the key European and Asian markets with a focus on employee benefits solutions and solutions for private clients. In addition, Swiss Life International consists of established financial advisory companies in the UK as well as Central and Eastern Europe focusing on comprehensive financial planning and wealth management solutions.
In the reporting year, Swiss Life International posted a segment result of CHF 113 million (previous year: CHF 98 million). The fee result increased to CHF 86 million (+26% in local currency). The cash remittance grew by 5% in local currency to CHF 64 million.
Its employee benefits offering focuses on risk, pension and health solutions for multinational companies. Positive risk and volume development led to higher profitability in the reporting year. With a presence in Luxembourg, the Netherlands, Switzerland and Italy, the business is focusing on further expanding solutions in the fields of biometric risk and health for selected European markets.
The fee result for the independent financial advisors in the United Kingdom and Central and Eastern Europe increased by 14% in local currency to CHF 42 million. This increase was mainly driven by the growth of the investment advisory business in the UK.
In the coming years, Swiss Life International aims to expand its solutions and services in attractive insurance and financial advisory segments in order to increase the fee and insurance results. With innovative insurance solutions and flexible business platforms, Swiss Life International is well positioned to meet the needs of existing partners and customers and to expand its business.
Key figures for International
In CHF million | ||||||
---|---|---|---|---|---|---|
2024 | 2023 | +/– | ||||
Segment result | 113 | 98 | 15% | |||
Fee result | 86 | 69 | 24% | |||
Cash remittance | 64 | 62 | 3% | |||
Fee and commission income | 363 | 375 | –3% | |||
Gross written premiums | 1 639 | 1 741 | –6% | |||
Contractual service margin | 108 | 97 | 12% | |||
Number of full-time equivalents | 1 362 | 1 312 | 4% |