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Swiss Life (SLHN) investor relations material
Swiss Life Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M 2026 fee income was CHF 2.042bn and premiums were CHF 17.436bn, each up 8% in local currency.
Growth continued across divisions; the Swiss Life 2027 programme remained on track, and the estimated SST ratio was ~205% at end-September.
Financial highlights
Net investment income rose to CHF 3.4bn, supported by gains from equities, infrastructure and FX hedging; net investment yield was 2.5% versus 2.0% in the prior-year period.
Direct investment income was CHF 2.96bn versus CHF 3.13bn in 9M 2025; non-annualised direct investment yield was 2.1% versus 2.2%.
France’s 2026 net profit faces a 10-percentage-point higher tax rate and a 2% health-premium charge; mitigation measures are underway.
Outlook and guidance
Full-year 2026 real estate fair values are expected at prior-year levels, as positive changes in Switzerland are offset by negative changes abroad, particularly France.
TPAM non-recurring income is expected to reach ~25% in both 2026 and 2027; project pipeline visibility is strong and milestones are advancing.
Year-end SST is expected to be slightly below Q3 if real estate fair value changes reach 0% and the BVG minimum-rate effect is included; markets remain volatile.
Group financial targets remain on track; Investor Day is scheduled for 1 December 2027 to present a new group-wide programme and three-year targets.
- Net profit up 8% and fee result up 11%, with new share buyback and 600 job reductions planned.SLHN
H1 2026 (Media) - Net profit up 8%, fee result strong, new buyback and acquisitions support 2027 targets.SLHN
H1 2026 - Fee and premium growth, robust solvency, and a major German acquisition marked Q1 2026.SLHN
Q1 2026 TU - Profit from operations up 3%, net profit stable, and dividend raised to CHF 36.50 per share.SLHN
H2 2025 (Media) - Profit from operations up 3%, net profit stable, and dividend raised 4% to CHF 36.50 per share.SLHN
H2 2025 - Profit from operations up 3%, net profit CHF 602 million, and capital actions continued.SLHN
H1 2025 (Media) - Fee and commission income up 6%, strong capital position, and new targets to be announced.SLHN
Q3 2024 - Fee result and cash remittance exceeded targets, with ROE at 17.8% and strong segment growth.SLHN
H1 2024 - Net profit rose 13% to CHF 1,261 million, with strong capital and segment performance.SLHN
H2 2024
Next Swiss Life earnings date
Next Swiss Life earnings date
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