Swiss Life exceeded all the major goals it set for itself in 2021.
The insurance group Swiss Life reported a net profit of 1.26 billion Swiss francs ($1.4 billion) in 2021, up 20 percent over the previous year, exceeding its goal. Operating profits gained 15 percent to 1.8 billion, the company said Thursday in a statement.
Fees
The company's fee result showed a 16 percent increase to 699 million francs, also exceeded its target, it said. Income from the fees and the commissions expanded 16 percent to 2.3 billion francs, with all divisions gaining. However, overall premiums were roughly the same in 2021 as the year before, around 20.2 billion francs, the insurer said.
Dividend
Shareholders will get an additional four francs added to the previous year's dividend, bringing the payout to 25 francs per share. The company announced a share buyback program in December to purchase 1 billion francs worth of shares through May of next year, at the latest.
