Swiss life reports on a higher fee result made by asset management business – tradingView news

Insurers Swiss Life Slhn On Friday, a higher annual fee result reported, citing the very strong performance of his asset management business.

The largest life insurance providers in Switzerland reported a net provider of CHF 875 million ($ 990.5 million) for the year compared to CHF 658 million in 2023.

“Swiss Life delivered solid results,” wrote Vontobel analysts and adhered to their “Hold” recommendation for the share, partly to the high rating compared to other European and Swiss colleagues.

The Swiss Life shares had increased by 12.5% ​​at a seasons after Thursday. In Premarket they were attributed to 1.85%, the most under Swiss blue chips Smi.

“In our opinion, the company has to exceed the expectations more,” added the analysts.

Swiss Life, an important owner of real estate in Europe, said that there was a fee income of CHF 541 million in France and CHF 821 million in Germany. The two countries contributed to around 56% of its total fee income in 2024.

The company said it would distribute a dividend of CHF 35 per share for the 2024 financial year, which corresponds to an LSEG consensus estimate.

($ 1 = 0.8834 Swiss franc)