Half-year results 2022

Extract from investor presentation for media representatives

17 August 2022

Agenda

Overview

Patrick Frost, Group CEO

Financial results and strategy update

Matthias Aellig, Group CFO

2 | Extract from investor presentation for media representatives | Half-year results 2022

Swiss Life HY 2022: Strong set of results

Net profit, RoE1)

CHF m, %

Net profit

+4%

RoE

618

642

11.3%

11.8%

10-12%

HY 2021

HY 2022

Target 2022-2024

Cash to Holding

CHF m

2.8-3.0 bn

+22%

798

972

HY 2021

HY 2022

Cumulative target

2022-2024

1) Shareholders' equity excl. unrealised gains/losses 2) Adjusted as outlined on slide 7

Fee result

CHF m

850-900

+17%

297

349

HY 20212)

HY 20222)

Target 2024

SST ratio

%

223%~215%

140-190%

FY 2021

HY 2022

Ambition range

3 | Extract from investor presentation for media representatives | Half-year results 2022

Agenda

Overview

Patrick Frost, Group CEO

Financial results and strategy update

Matthias Aellig, Group CFO

4 | Extract from investor presentation for media representatives | Half-year results 2022

Key figures HY 2022 results

Net profit increased by 4% to CHF 642 m

Adjusted profit from operations up by 6% to CHF 922 m

Fee and commission income grew by 13% in local currency to CHF 1 169 m

Fee result increased by 17% to CHF 349 m

Premiums up by 2% in local currency to CHF 10.8 bn

Resilient direct investment income of CHF 1 981 m at 1.2% (not annualised)

TPAM with positive NNA of CHF 3.0 bn; AuM decreased to CHF 99.7 bn (FY 21: CHF 102.8 bn)

Value of new business rose by 1% to CHF 254 m; NBM increased from 3.1% to 3.8%

Annualised return on equity1) grew to 11.8% from 11.3%

SST ratio estimated to be around 215% as of 30.06.2022 (01.01.2022: 223%) Cash to Holding up by 22% to CHF 972 m

1) Shareholders' equity excl. unrealised gains/losses

5 | Extract from investor presentation for media representatives | Half-year results 2022

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Swiss Life Holding AG published this content on 17 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2022 05:03:04 UTC.