Swiss Life's net profit falls in first half (updated)

Swiss Life Holding AG

03/09/2025 06:19

Adds details on fee result in paragraphs 3-4

Sept 3 - Insurer Swiss Life SLHN.S posted a lower first half net profit on Wednesday, mainly as a result of 36 million Swiss francs  ($45 million) in higher tax expenses.

Switzerland's largest life insurance provider and a major owner of real estate in Europe said its net profit was 602 million Swiss francs in the first six months of 2025, a 5% fall from last year

Its fee result was broadly unchanged year-on-year at 392 million Swiss francs.

   In France and Germany, which together made up roughly one third of its total fee result in 2024, it grew by 4% and 5% respectively.

($1 = 0.8019 Swiss francs)

 (Reporting by Paolo Laudani in Gdansk; Editing by Matt Scuffham)

 ((Paolo.laudani@thomsonreuters.com))