Swiss Life continued to improve its earning power in 2015, generating adjusted profit from operations across all segments of CHF 1323 million. All units contributed to this positive development. Net profit during the reporting period was CHF 878 million, a 7% rise.
Swiss Life reports by country: Switzerland, France and Germany. It also discloses separately the results of its cross-border segments: International and Asset Managers. In the Swiss domestic market, Swiss Life grew its segment result by 10%, to CHF 734 million. France increased its segment result to CHF 234 million (2014: CHF 222 million), while Germany contributed CHF 129 million (2014: CHF 97 million). The International market unit generated a segment result of CHF 41 million (2014: CHF 37 million). Swiss Life Asset Managers increased its contribution to the results by 28% to CHF 242 million. Net profit over all segments rose by 7% in the reporting period to CHF 878 million (2014: CHF 818 million).
The Swiss Life Group managed to ratchet up its operational effectiveness once again during the 2015 financial year. Gross written premiums, policy fees and deposits received across all segments grew by 5% in local currency to CHF 18.9 billion (2014: CHF 19.1 billion). The Group recorded growth in local currency of 8% in fee and commission income, a strategically central area of Swiss Life, to CHF 1.3 billion.