Swiss Life has reported a net profit of CHF784m ($882m) in fiscal 2013, compared to CHF99m ($111.4m) last year.
The company’s profit from operations during the year was CHF1.149bn ($1.29bn), an increase from CHF361m ($406m) in fiscal 2012.
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Net premiums earned were CHF12.944bn ($14.56bn) up from CHF11.87bn ($13.35bn) in the previous fiscal.
Swiss Life CEO Bruno Pfister said, "2013 was a very good year for Swiss Life," says Bruno Pfister, Group CEO. "Higher premium income, higher margins and higher profit accompanied by lower costs: These strong results prove that we are making good progress with our Group-wide programme ‘Swiss Life 2015’ and have been able to expand our position in the market."
Swiss Life reported growth in strategically important business areas such as home market, France, Germany, while Swiss Life International recorded a drop in premiums of 10%.
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