Swiss Life Holding stock tracks 8% fee growth after nine months
Published on 11/12/2026 at 11:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSwiss Life growth remains broad
- Fee income advanced across owned advisers, products and services, and asset management.
- Premium growth was strongest in Switzerland, while third-party assets under management increased.
- Lower investment income and weaker net new assets remain key investor watchpoints.
Swiss Life Holding reported stronger fee income and premiums for the first nine months of 2026 in an announcement published on Wednesday, November 11. The company announcement carried by the Financial Times said both measures grew 8% in local currency.
Fee income reached CHF 2.04 billion in the nine months ended September 30, 2026, compared with CHF 1.91 billion a year earlier. Owned independent financial advisers contributed 13% growth in local currency, while own and third-party products and services increased 9%. Swiss Life Asset Managers added 7%.
Premium growth led by Switzerland
Premiums, policy fees and deposits received rose to CHF 17.4 billion from CHF 16.3 billion. Switzerland was the main growth engine: premiums there increased 15% to CHF 9.4 billion, driven by particularly high single premiums in group life business.
Regional performance was mixed. In France, premiums rose 4% to EUR 6.1 billion and fee income advanced 12% to EUR 493 million. Germany recorded 2% premium growth to EUR 1.1 billion, while fee income climbed 17% to EUR 744 million, including the contribution from TELIS during the third quarter. Excluding TELIS, German fee-income growth was 10%. Premiums in the International market unit declined 7% to EUR 1.5 billion, although fee income increased 2% to EUR 286 million.
Asset management adds support
Third-party assets under management increased 10% to CHF 161 billion at the end of September. Net new assets in that business reached CHF 8.5 billion, down from CHF 15.0 billion in the prior-year period, which Swiss Life attributed to the exceptionally high comparison base. Total income at Swiss Life Asset Managers rose to CHF 789 million from CHF 742 million.
Investment income was a counterweight to the operating progress. Direct investment income fell to CHF 2.96 billion from CHF 3.13 billion in the prior-year period. Swiss Life estimated its solvency ratio at around 205% on September 30, above its strategic ambition range of 140% to 190%.
Chief Executive Matthias Aellig said the group was on track to achieve the financial targets of its Swiss Life 2027 programme. The company also began a new CHF 250 million share buyback programme on October 1, scheduled to run through the end of March 2027.
Swiss Life Holding stock traded at 1,061.25 euros on Lang & Schwarz at 11:34 CET on Thursday, November 12, 2026.
Swiss Life Holding at a glance
- Company: Swiss Life Holding AG
- ISIN: CH0014852781
- WKN: 778237
- Home exchange: SIX Swiss Exchange
- Latest quote: 1,061.25 euros on Lang & Schwarz, Thursday, November 12, 2026, 11:34 CET
- Reporting period: First nine months of 2026, ended September 30
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Swiss Life has scheduled its next Investor Day for December 1, 2027, when it plans to present a new group-wide programme and financial targets. More news and analyses on Swiss Life Holding stock.
