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Swiss Life Holding posts higher H1 net profit, names CFO

Swiss Life Holding AG reported first-half consolidated net profit attributable to equity holders of CHF558 million, up from CHF521 million in the prior-year period.

EPS was CHF16.35, also up from CHF15.37 in the prior-year period. Adjusted return on equity dropped to 9.7% from 10.5%.

The company announced the appointment of Matthias Aellig as CFO and a member of its corporate executive board, effective March 1, 2019. Aellig, who has been group chief risk officer since 2010, will replace Thomas Buess.

Swiss Life said its gross written premiums, policy fees and deposits received climbed year over year to CHF10.74 billion from CHF9.98 billion. Net earned premiums also rose to CHF7.94 billion from CHF7.52 billion.