March 14 (Reuters) – Swiss Life (SLHN.S), a prominent insurer and asset manager, announced a strong annual fee result on Friday, attributing the positive performance to the success of Swiss Life Asset Managers.
The Switzerland-based life insurance provider reported a net fee result of 875 million Swiss francs ($990.5 million) for the fiscal year. This marks a substantial increase compared to the 658 million Swiss francs reported in 2023.
Swiss Life, which manages real estate assets, highlighted fee income of 541 million francs in France and 821 million francs in Germany. Combined, these two countries contributed approximately 56% of the total fee income in 2024.
The company also revealed its plans to distribute a dividend of 35 francs per share for the 2024 financial year, mirroring an estimate from LSEG consensus.
($1 = 0.8834 Swiss francs)
