SWISS LIFE HOLDING AG Zurich, 22 May 2017
Swiss Life's corporate clients profit from a good result and another sound balance sheet in 2016
The focus in 2016 remained on financial stability and financing as well as securing the value proposition to insured persons over the long term. To this end, Swiss Life set aside additional technical reserves in 2016 amounting to CHF 430 million. At the end of 2016, over 650 000 insured persons opted for Swiss Life in the second pillar.
Corporate Client business at Swiss Life saw positive development in 2016 as well, with contract volume climbing to 43 166 (+2% year on year). Administrative costs were reduced by 1.5% to CHF 201 million thanks to the systematic implementation of efficiency-enhancing measures. Hans-Jakob Stahel, Head of Corporate Clients at Swiss Life, comments: «Swiss Life has again met the legal requirements with a payout ratio of 93.8%.» CHF 131 million was allocated to the bonus reserve (2015: CHF 156 million). «This will enable our insured persons to profit from attractive bonuses in future as well», says Stahel. Net return on book values was a solid 2.6% in 2016, made possible by a targeted and security-oriented investment policy. Overall premium income in group insurance fell compared with the previous year by 5.9% to CHF 8 176 million, a decline due mainly to a selective underwriting policy.
Full-range provider strategy continues to be a success
Swiss Life's strategy of offering customers a comprehensive spectrum of occupational provisions solutions, and thus meeting their individual requirements, continued to pay off in 2016. The share of new business with semi-autonomous solutions more than doubled, rising to 26% (2015: 11%). The Swiss Life Investment Foundation also posted a very good performance in 2016, increasing its assets under management by 14% year on year to CHF 6.3 billion. This capital growth places the Investment Foundation third among the top ten investment foundations in Switzerland in 2016 according to the KGAST performance comparison by Fundo/Lipper. Meanwhile, the pension fund experts at Swiss Life Pension Services were able to use their comprehensive know-how and strong market presence to further grow fee income during the year under review.
Expansion of product portfolio for corporate clients
Swiss Life is continuing to expand its service range under the «Swiss Life 2018» Group-wide strategy. Thanks to the «Legal security» offering, customers can ensure ahead of time and autonomously that their will is respected in the event of their lack of capacity of judgement or death. With «Swiss Life Payroll Services», meanwhile, customers entrust their payroll accounting to Swiss Life and save themselves laborious administrative work. The newly launched «now@work» app surveys presenteeism and offers companies a tool for resource-oriented presence management, with which they can simply and efficiently comply with the legal requirements for occupational health management. «These three supplementary services have been optimally enhancing Swiss Life's consulting and service range since early 2017,» says Hans-Jakob Stahel, «and they offer our customers real added value.»
Information
Media Relations
Phone +41 43 284 77 77
media.relations@swisslife.ch
www.swisslife.ch
Follow us on Twitter
@swisslife_ch
Further information
All our media releases can be found at swisslife.ch/mediareleases
| Provider | Channel | Contact | ||
|---|---|---|---|---|
|
Tensid EQS Ltd., Switzerland www.tensid.ch |
newsbox.ch www.newsbox.ch |
Provider/Channel related enquiries marco@tensid.ch +41 41 763 00 50 |
