Swiss Life : confirms financial targets as first-half adjusted profit falls

Swiss Life maintained its financial targets on Thursday while reporting adjusted profit from operations fell 6% in the first half to 780 million Swiss francs ($856 million).

"The half-year figures underline the sustainability and resilience of our business model. We are therefore on track with our Group-wide programme 'Swiss Life 2021' and confirm the corresponding financial targets, including the return on equity of 8 to 10%, that is valid for each and every year of the strategy period," Chief Executive Patrick Frost said.

(Reporting by Michael Shields)