The insurance group Swiss Life increased both premium income and fee earnings in the first nine months of 2026. According to an announcement on Wednesday, Swiss Life achieved fee income of 2.04 billion francs in the first nine months, compared to 1.91 billion francs in the previous year, marking growth of 8 percent in local currencies. Premium income also increased by 8 percent to 17.4 billion francs.
In the Swiss home market, premium income rose by 15 percent to 9.4 billion francs. This growth was driven in particular by high single premiums in the occupational pensions business. Fee income in Switzerland increased by 9 percent to 289 million francs.
In France, premium income grew by 4 percent to 6.1 billion euros, and in Germany by 2 percent to 1.1 billion euros. Fee income rose by 12 percent in France and by 17 percent in Germany. Excluding the contribution of the acquired TELIS Group, growth in Germany stood at 10 percent.
Swiss Life Asset Managers recorded net new asset inflows of 8.5 billion francs in the third-party client business, compared to 15 billion francs in the prior-year period, representing a decline of about 43 percent. Third-party assets under management nevertheless rose by 10 percent since the start of the year to reach 161 billion francs. Total income for Swiss Life Asset Managers increased from 742 million francs to 789 million francs, with 526 million francs coming from the third-party business, up from 479 million francs a year earlier.
Direct investment income fell from 3.13 billion francs to 2.96 billion francs. The non-annualized direct investment yield decreased from 2.2 percent to 2.1 percent. The estimated SST solvency ratio stood at approximately 205 percent as of the end of September, compared to 213 percent at the end of 2025.
Additionally, Swiss Life launched a share buyback program totaling 250 million francs on October 1, which runs until the end of March 2027.
