Switzerland

In 2025, Swiss Life Switzerland posted a segment result of CHF 891 million (previous year: CHF 854 million). The 4% increase is due to higher levels of both investment income and service fees. Fee income increased by 6% to CHF 359 million (previous year: CHF 339 million). The fee result of CHF 55 million was at the same level as the previous year. Investments in developing the business of Swiss Life Wealth Managers and ZWEI Wealth, a wealth advisory firm acquired by Swiss Life in February 2025, were mainly offset by the growth of Swiss Life Select and pension fund management solutions. At CHF 651 million, the cash remittance was 12% below the previous year, which had been exceptionally high due to one-offs.

In the year under review, Swiss Life Switzerland’s premiums came to CHF 10.2 billion, equivalent to an increase of 3%. Single premiums in the individual life business were up 13%, while periodic premiums remained unchanged from the previous year. Premiums in group life business rose by 3%. Group life business accounted for 80% of the total premium volume.

According to the Swiss Insurance Association (SIA), life insurance premiums in Switzerland were slightly above the previous year’s level at CHF 22.5 billion. In group life business, premiums for the market as a whole were 2% down over the previous year, while premiums for individual life business increased by 4%. Swiss Life expanded its market share in both individual life and group life business.

In insurance business for private clients, Swiss Life Switzerland benefits from a broad base of distribution channels – Sales Force, Swiss Life Select, brokers and partners – to support its client advising and support activities. In the year under review, new single-premium business again saw significant growth. Swiss Life was particularly successful in the area of pension planning and associated products, especially payout plans. By contrast, new business with savings insurance declined in the year under review compared with the previous year.

Thanks to the comprehensive range of products and services, the offer season for group life business was completed successfully despite a challenging market environment. Demand for full insurance solutions once again recorded a marked increase. Assets under management from semi-autonomous solutions also developed positively as planned. The pure risk segment also saw a strong rise in demand.

Swiss Life Switzerland wants to further strengthen its personal pension and financial advisory offering in order to meet customers’ demands for comprehensive, personal advice on complex financial issues. Thanks to its advisory organisations – Sales Force, Swiss Life Select, Swiss Life Wealth Managers and ZWEI Wealth – the segment enjoys very broad market access and can serve all customer segments individually and in line with their needs. The number of professionally trained advisors increased in the home market to around 1720 and is set to continue growing in the future.

As at the end of 2025, Swiss Life Wealth Managers was present in nine locations in German-speaking and Western Switzerland. This advisory channel focuses on the growing high-net-worth segment. The number of specialist advisors was increased to 39. Its core offering is holistic wealth advisory with the aim of developing individual solutions focused on the long term. Clients are offered a personal strategic asset allocation based on a holistic advisory process that takes into account their financial objectives, life situation and risk profile. The client base was further expanded in the year under review, underscoring the rising demand for individual, high‑quality wealth advisory services. The wealth advisory firm ZWEI Wealth, acquired in 2025, focuses on the client segment of high‑net‑worth individuals (HNWIs). With a clearly structured advisory approach, it enhances transparency regarding wealth management services, offerings and costs, and has established itself as an independent entity between investors and banks or wealth managers.

Swiss Life Switzerland has made a good start to the new “Swiss Life 2027” Group-wide programme. Initial progress has been made with respect to all four objectives – growth in private and occupational provisions, establishing private wealth solutions as a core business, strengthening and expanding the personal pension and financial advisory offering, and using digitalisation to drive efficiency and growth.

Key figures for Switzerland