Latest news with #SwissLife
Reuters
21-05-2025
- Business
- Reuters
Swiss Life says improved real estate values will boost results in 2025
May 20 (Reuters) - Swiss Life (SLHN.S), opens new tab expects real estate fair value changes to boost 2025 results, driven by its Swiss property portfolio, finance chief Marco Gerussi said in a call following the insurer's quarterly trading update. Switzerland's largest life insurance provider and a major owner of real estate in Europe said that fair value of its real estate assets rose around 0.2% in the first quarter compared to the end of 2024. The Swiss federal statistics office had reported, opens new tab a 0.7% rise in residential property prices in the same period. "What we see in terms of an outlook number by the year-end 2025 is in the upper teens of billion overall for the net new assets," Gerussi said. Swiss Life reported a quarterly fee income of 659 million Swiss francs ($790 million), up 3% from the same period last year in local currency, aided by its asset management business and good performances of its own and third-party products. Quarterly premiums rose 6% on the same basis to 7.9 billion Swiss francs, led by an 11% rise in France. The Zurich-based group's main market is Switzerland, which made up more than half of its premiums in the first three months of the year, followed by France which generated around a quarter of them. "Given that the shares are (one of) the most expensive insurance stocks in Europe ... the company needs to deliver and beat expectations continuously - that's what they did," Vontobel analysts said in a note. Swiss Life's shares were flat at 1205 GMT after dipping slightly in morning trade. Its results echoed those from peer Zurich Insurance (ZURN.S), opens new tab which earlier in May reported higher quarterly revenue and gross written premiums in its core property and casualty business. ($1 = 0.8342 Swiss francs)
New Straits Times
20-05-2025
- Business
- New Straits Times
Swiss Life reports higher fee income and premiums for first quarter
KUALA LUMPUR: Swiss Life's fee income and premiums grew in the first quarter of 2025 supported by its asset management business and good performances of its own and third-party insurance products, it said on Thursday. Switzerland's largest life insurance provider and a major owner of real estate in Europe said its fee income was 659 million Swiss francs (US$790 million) in the January-March quarter, up 3 per cent from last year on a local currency basis. Its quarterly premiums rose 6 per cent on the same basis to 7.9 billion Swiss francs, led by an 11 per cent rise in France. The company's main market is Switzerland, which made up more than half of its premiums in the first three months of the year, followed by France which generated around a quarter of them. "Given that the shares are (one of) the most expensive insurance stocks in Europe ... the company needs to deliver and beat expectations continuously - that's what they did," Vontobel analysts said in a note. However, the shares were seen down around 1 per cent in Julius Baer premarket indications as of 0622 GMT. Swiss Life's results echoed those from peer Zurich Insurance which earlier in May reported higher first-quarter revenue and gross written premiums in its core property and casualty business.
CNBC
20-05-2025
- Business
- CNBC
European stocks look set to build momentum after lackluster start to the week
Good morning from London! Welcome to CNBC's live blog covering European markets. Regional bourses are heading for a positive open Tuesday, looking to build some positive momentum after a muted trading session for equity markets on Monday. There are a few events to watch out for Tuesday, with British companies Vodafone and bakery chain Greggs, insurance giant Swiss Life, and Swedish industrial conglomerate Lagercrantz all set to report first-quarter results. Germany's producer price index data is also due. British telecom giant Vodafone Group is expected to report its 2025 financial year results. Analysts polled by FactSet expect full-year total sales to be £31.74 billion ($42.39 billion), with a pre-tax profit of £1.84 billion. Earnings per share is expected at 7.10 pence. UBS analysts expect the merger with U.K. competitor Three will add £470 million to adjusted profits, but will detract from free cash flow as the company will be forced to invest upfront. "While easing declines in German service revenues should be a tailwind for the shares, the prospect of further [free cash flow] downgrades will likely weigh on the stock near-term," UBS analyst Polo Tang added in an earnings preview note to clients on May 12. The stock currently trades at nearly 5.3% expected dividend yield. Analysts forecast a dividend of 3.78 pence per share, according to FactSet. U.K. baker Greggs and Swiss Life are also set to report earnings on Tuesday. — Ganesh Rao Here are Tuesday's opening calls. European bourses are expected to open higher Tuesday, with London's FTSE expected to open up 43 points at 8,726, Germany's DAX up 92 points at 23,998, the French CAC 40 up 41 points at 7,908 and Italy's FTSE MIB up 92 points at 40,330, according to data from IG. — Holly Ellyatt
Reuters
14-03-2025
- Business
- Reuters
Swiss Life's positive fee result not enough to hold up highly valued stock
March 14 (Reuters) - Insurer Swiss Life (SLHN.S), opens new tab posted a higher fee result for 2024 on Friday, boosted by strong performance of its asset management business, but its shares fell in early trading weighed down by their already high price. "Swiss Life has delivered solid results," analysts at Vontobel wrote, but stuck to their "hold" recommendation for the stock partly due to its high valuation compared to European and Swiss peers. here. Swiss Life's shares were down 5.8% by 0921 GMT, among worst performers on Europe's benchmark STOXX 600 index (.STOXX), opens new tab and on track for their biggest one-day drop since November 2023. They had gained 12.5% year-to-date as of Thursday's close. "The company needs to beat expectations more strongly, in our view," the Vontobel analysts said. Switzerland's largest life insurance provider reported a net fee result of 875 million Swiss francs ($990.5 million) for the year, compared with a result of 658 million francs in 2023. Swiss Life, a major owner of real estate in Europe, said it recorded a fee income of 541 million francs in France and 821 million francs in Germany. The two countries together contributed to roughly 56% of its total fee income in 2024. The company said it would pay out a dividend of 35 francs per share for the 2024 financial year, matching an LSEG consensus estimate. ($1=0.8834 Swiss francs)
