March 14 (Reuters) - Zurich-based insurer and asset manager Swiss Life on Thursday met analysts' expectations for 2023 as it posted an 8% rise in net profit to 1.11 billion Swiss francs ($1.26 billion), driven by a strong performance in its insurance division.

Analysts had expected a net profit of 1.113 billion francs, according to a consensus cited by Vontobel and UBS. ($1 = 0.8797 Swiss francs) (Reporting by Louis van Boxel-Woolf and Andrey Sychev; Editing by Jacqueline Wong)