Swiss Life Group has reported a net profit of CHF1.36 billion for fiscal 2007, up 43% compared to the net profit of fiscal 2006.
The company’s premium volume increased by 10% to CHF24.2 billion. Embedded value advanced by 20% to CHF12.8 billion, which corresponds to CHF367 per share.
The group achieved an overall profit from operations of CHF1.70 billion. Continuing operations posted a profit of CHF1.01 billion, up 11%, and a net profit of CHF726 million, representing a 26% advance against 2006.
Rolf Dorig, CEO of Swiss Life Group, said: In 2007, we again made great progress and already achieved our targets originally set for 2008. Thanks to our operational advances and having set the strategic course, we are well positioned for the next growth surge.