Swiss Life has posted a profit better than expected

ZURICH (Reuters) – Swiss Life has reached one year ahead of schedule in its goal of income on fees and commissions, and its progress is also faster than expected for three of the other objectives of the plan for 2018.

The number one swiss life insurance also announced on Tuesday a net profit higher than expected in 2017, 1.007 billion swiss francs (872 million euros), up from 922 million in the previous year, and 983 million expected on average by analysts polled by Reuters.

The group of zurich has proposed a benefit statement to 13.50 francs, 11 francs previously.

“These elements, as well as the increase in sales value of new business tells us that we are in a very good way with the development of our business model : we are on time or ahead of time for all of the objectives of ‘Swiss Life 2018’,” said the director-general, Patrick Frost, quoted in a press release.

(John Revill; Bertrand Boucey for the French service)