Swiss Life Holding stock posts 8% growth in nine-month fees
Published on 11/11/2026 at 18:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth broadens across core businesses
- Fee income rose across Swiss Life's advisory, product and asset management businesses.
- Third-party assets under management increased even as net new assets fell from an exceptionally high prior-year level.
- The solvency ratio remained above the company's strategic ambition range.
Swiss Life reported stronger fee income and premiums for the first nine months of 2026, while lower investment income and weaker net new money in third-party asset management remained investor watchpoints. The company released the update on Wednesday, November 11, citing figures through September 30.
The announcement, published by Deutsche Börse, showed fee income of CHF 2.04 billion, up 8% in local currency from the prior-year period. Premiums, policy fees and deposits received also increased 8% in local currency to CHF 17.4 billion.
Fee growth spans the group
Owned independent financial advisers contributed 13% growth in local currency, while own and third-party products and services rose 9%. Swiss Life Asset Managers increased fee income 7%. In Switzerland, premiums climbed 15% to CHF 9.4 billion, driven by particularly high single premiums in group life.
Germany delivered 17% fee-income growth to EUR 744 million, including the contribution from TELIS for the three months from July through September. Excluding TELIS, growth was 10%. France increased fee income 12% to EUR 493 million, while premiums in the international market unit fell 7% to EUR 1.5 billion.
Asset management needs monitoring
Third-party assets under management rose 10% to CHF 161 billion. Net new assets were CHF 8.5 billion, down from CHF 15.0 billion in the prior-year period, which Swiss Life described as exceptionally high. Total Asset Managers income increased to CHF 789 million from CHF 742 million.
Direct investment income declined to CHF 2.96 billion from CHF 3.13 billion, and the non-annualised direct investment yield fell to 2.1% from 2.2%. The estimated SST ratio stood at 205%, above the company's strategic ambition range of 140% to 190%. A CHF 250 million share buyback programme began on October 1 and is scheduled to run through March 2027.
Swiss Life Holding stock traded at 1,063.25 euros on Lang & Schwarz at 18:34 CET on Wednesday, November 11, 2026.
Swiss Life Holding AG
- ISIN: CH0014852781
- Listing: SIX Swiss Exchange
- Lang & Schwarz price: 1,063.25 euros at 18:34 CET on November 11, 2026
- Reporting period: First nine months of 2026
- Fee income: CHF 2.04 billion, up 8% in local currency
- Premiums, policy fees and deposits: CHF 17.4 billion, up 8% in local currency
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