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.