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4-Traders Homepage  >  Equities  >  Swiss Exchange  >  Swiss Life Holding    SLHN   CH0014852781

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Swiss Life : speaking with DoJ about U.S. clients

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09/14/2017 | 07:27am CEST
Logo of Swiss Life is seen in Zurich

Swiss Life has been contacted by the U.S. Department of Justice regarding its cross-border business with American clients, Switzerland's biggest life insurer said on Thursday.

Swiss Life said the portfolio with U.S. clients of Swiss Life Liechtenstein and Swiss Life Singapore was currently around 250 million Swiss francs ($259.23 million), down from 1 billion francs a few years ago.

"All insurance contracts have been categorized and been reported pursuant to the FATCA legislation," Swiss Life said, referring to the 2010 anti-tax evasion law.

"Swiss Life will use the opportunity for dialogue and explain its past cross-border business in cooperation with the U.S.," the company added.

(Reporting by John Revill, editing by John Miller)

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Financials ( CHF)
Sales 2017 19 222 M
EBIT 2017 1 427 M
Net income 2017 976 M
Debt 2017 -
Yield 2017 3,83%
P/E ratio 2017 11,41
P/E ratio 2018 10,98
Capi. / Sales 2017 0,57x
Capi. / Sales 2018 0,56x
Capitalization 10 951 M
Chart SWISS LIFE HOLDING
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Swiss Life Holding Technical Analysis Chart | SLHN | CH0014852781 | 4-Traders
Technical analysis trends SWISS LIFE HOLDING
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 349  CHF
Spread / Average Target 3,5%
EPS Revisions
Managers
NameTitle
Patrick Frost Group Chief Executive Officer
Rolf Hugo Dörig Chairman
Thomas Buess Group Chief Financial Officer
Gerold Bührer First Vice Chairman
Franziska Tschudi Sauber Director
Sector and Competitors
1st jan.Capitalization (M$)
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METLIFE-6.38%53 626
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MANULIFE FINANCIAL CORP.1.94%39 646