Fee Result Achieves Target Range
The fee result increased by 33% to $875 million, hitting the middle of the CHF 850 million to CHF 900 million target range for 2024.
Strong Growth in Profit from Operations
Profit from operations grew by 20% to CHF 1.78 billion, driven by asset managers and the French insurance business.
Increase in Net Profit
Net profit increased by 13% to CHF 1.26 billion.
High Return on Equity
Return on equity increased to 16.6%, up 3 percentage points and well above the target range of 10% to 12%.
Cash Remittance Growth
Cash remittance grew by 14% to CHF 1.3 billion, including positive one-offs and timing effects.
Dividend Increase
A 6% increase in the dividend is proposed, raising it to CHF 35 per share, which corresponds to a payout ratio of 81%.
Successful Swiss Life 2024 Program Completion
The program exceeded all group financial targets and laid the groundwork for the Swiss Life 2027 program.
Asset Managers' Strong Performance
Total income in the asset managers segment increased by 22% to CHF 1.2 billion.
Net New Assets in TPAM Business
Net new assets in the TPAM business amounted to CHF 9.5 billion, driven by strong inflows in equities and real assets.