Swiss Life, Switzerland's biggest life insurer, increased its profit substantially last year, despite a challenging environment. It now proposes to raise the dividend accordingly.
Swiss Life profit increased 7 percent to 878 million Swiss francs last year, the company said in a statement today. Operating profit added 17 percent to 1.3 billion francs.
Premiums in local currencies increased 5 percent to 18.9 billion francs, a decline of 1 percent in Swiss francs. The domestic market posted a 5 percent gain.
Dividend Policy
The asset management unit recorded a net new money flow of 7.2 billion francs, which compares with 4.5 billion a year earlier.
Swiss Life proposes to raise its dividend to 8.5 francs a share from 6.5 francs a year earlier.
